(866) 508-4326


USDA Loans

USDA loan

The USDA Loan program allows buyers to purchase a primary residence without a down payment while obtaining a favorable interest rate. USDA interest rates are often lower than other loan programs.

The primary advantage to this program is that the borrower doesn’t pay monthly mortgage insurance, making the monthly payments more affordable. USDA does charge an annual service fee of 0.35% of the total loan amount. This fee is paid monthly, with the monthly payment amount equating to 1/12th of the annual fee. USDA also charges an upfront funding fee of 1.0% of the loan amount. This is a one-time fee that can be rolled into the loan.

This program can be used on primary residences in qualifying rural areas. Annual household income limits apply to USDA mortgages and unlike other loan programs daycare expenses and other allowable expenses may be deducted from your annual income to help keep you under the limit. Your Flat Branch Home Loans Mortgage Banker will determine whether you are in a qualifying area and can calculate your household income to make sure you are eligible.

Get Preapproved for a USDA Loan today!

Just fill out the secure quote form to the right and someone from our Preapproval Team will contact you as soon as possible. It’s that simple!

Get Your Quote Today:

Please fill out the form below to receive a no-obligation quote on a home loan with Flat Branch.
Loan Type
Loan Amount
Credit Rating
Prop. Zipcode
First Name
Last Name
How did you hear about us?
How can we help you?
I Agree With The
Terms And Conditions