USDA Rural Development Home Loans

A Smart Loan Option for Rural and Suburban Buyers.

For homebuyers in qualifying areas, USDA Loans provide an affordable mortgage option with low or no down payment required. Whether you're a first-time buyer or relocating to a quieter community, this loan program can help you save upfront and monthly.

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Like all non-conventional mortgages, USDA loans are backed by the government, in this case the U.S. Department of Agriculture. USDA loans do not require a down payment and offer favorable terms, but can only be used to purchase homes in eligible rural areas.

If you and your home qualify, there are some great incentives that come with a USDA loan.

  • Lower interest rates
  • Low or no down payment required
  • A credit score of at least 620 to qualify
  • Easy application process

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Why BayFirst?

At BayFirst, we’re Here for What’s Next®, including your new address. But before you can say “see ya” to the city, you’ll need to find the right mortgage. For more than 20 years, BayFirst’s expert mortgage lenders have been helping buyers like you find the best rates, terms, and loan types to get you moving into the rural residence of your dreams.

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What's The Next Step?

  1. Contact A Mortgage Expert

    Unsure if an USDA loan is your best option? We can help you weigh your options.

  2. Get Preapproved

    Use the BayFirst Buyer Ready Program to get preapproved and ahead of the competition.

  3. Go Shopping

    Stay within your preapproved limit, keeping in mind closing costs, inspections and other additional fees associated with buying a home.

  4. Lock In A Rate

    Once you’ve found the home you want, you’ll lock in a rate as the application is processed.

  5. Move In

    After the application process is complete, you’re clear to close, grab the keys and move on in. 

Ready? Gather your income history, debt information, social security number and bank statements.

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Confirm Your Property's Eligibility

Use the official USDA Property Eligibility tool to see if a specific address or area meets the requirements. Just enter the location you have in mind to find out instantly.
 

Check Property Eligibility

Still have questions?

USDA Loan FAQs

First make sure the home you wish to buy is in an eligible rural area by visiting the USDA’s site. Then, an expert lender can review your financial situation and let you know if you qualify based on a number of factors.

No, first-time homebuyers and repeat homebuyers alike may take advantage of USDA loans.

There are no maximum loan amount restrictions on USDA loans. Your maximum loan amount will be based on existing debt, income, ability to repay the loan, your credit and other factors.

USDA loans typically require a credit score of 620 or higher.

No, USDA loans can be used for primary residences only.
 
All loans subject to approval, including credit approval. Income, credit and property restrictions may apply. Other programs available. Programs subject to change or termination without notice. BayFirst National Bank is not affiliated with the Federal Housing Administration, U.S. Department of Veterans Affairs, or any other government agency.