USDA Loans
USDA loans. 100% financing, no down payment.
Most people assume they do not qualify. A surprising amount of the Oklahoma City metro sits inside an eligible area, and the income limits are higher than the name suggests.
What a usda loan actually is
A USDA Rural Development loan is backed by the Department of Agriculture and offers zero down financing for properties in eligible areas. Eligibility is set by address and by household income, not by whether the place feels rural.
USDA files route through a government commitment step after lender approval, which adds time. Build 30 to 40 days into the contract rather than 21. We flag that to your agent at the offer stage so the timeline is written correctly the first time.
USDA Loans at a glance
- Down payment0%
- Guarantee fee1% upfront, plus a 0.35% annual fee
- Credit score640 for streamlined automated approval
- Income limitGenerally 115% of area median income for the household
- Property eligibilityDetermined by address against the USDA eligibility map
- OccupancyPrimary residence only
Is It Right For You?
Where USDA wins, and where it does not
We would rather talk you out of the wrong program now than restructure the file two weeks before closing.
A good fit when
- Buying just outside a metro area
- You have no down payment saved
- Household income under the county limit
- Credit around 640 or better
- You want the lowest total monthly payment available
Probably look elsewhere if
- The property is inside a designated urban area
- Household income exceeds 115% of area median
- Buying a second home or rental
- You need to close in under three weeks
Compare
Other programs worth pricing
See what a USDA loan looks like for your file
Three minutes, no credit pull, and a written comparison against the other programs you qualify for.