Some 60 million people now live in rural areas around the U.S. If you are a first-time homebuyer in one of these areas, you may want to know more about the various loans the U.S. Department of Agriculture (USDA) offers to borrowers who might not ordinarily be able to afford a home on their own.. The loans are administered either directly through the USDA or through lenders who offer USDA.
Click to see today’s rates (jul 27th, 2019) USDA loans require mortgage insurance (mi) The Rural Housing Loan program is a product of the U.S. Department of Agriculture.