Is the USDA Home Money Program Your Ticket to Homeownership?
The USDA Home Money program offers government-backed mortgages that help low- and moderate-income buyers purchase homes in eligible rural and suburban areas—often with zero down payment required. These loans are designed to promote homeownership in underserved communities, offering some of the most generous terms available. USDA Home Money Program at a Glance: What it is: Government-backed mortgages from the U.S. Department of Agriculture. Key Benefit: 100% financing (zero down payment) for qualified borrowers. Who Qualifies: Low- to moderate-income households (up to 115% of area median income). Where: Eligible rural and suburban areas, covering about 97% of U.S. land. Main Programs: Guaranteed loans, Direct loans, and Home Repair loans/grants. Many people mistakenly believe USDA loans are only for farmers or remote locations. In reality, many suburban areas—even on the outskirts of…