Discover the Benefits of Rural Living with Affordable Home Loans and No Down Payment.

USDA loans, backed by the U.S. Department of Agriculture, are designed to promote homeownership in rural areas. They offer unique benefits like zero down payment and reduced mortgage insurance, making them ideal for first-time homebuyers or those looking for a home in the countryside. Our USDA loan options are expertly crafted to fulfill your rural living aspirations. Trust in our expertise to guide you through your journey to homeownership in rural America with ease and confidence.

Considering a USDA Loan?
Federal Hill Mortgage is Your Trusted Partner.

Access the Best Rates

When you choose us, we use our extensive network of lending partners to guarantee you the best rates available. We streamline the process, ensuring that you receive the most advantageous rates and save you both time and money on your home purchase.

Same-Day Pre-Approvals

Step into the fast lane with our same-day pre-approvals. Many of our clients find themselves pre-approved in the same day, setting the stage for a smooth home-buying experience.

24/7 Support Tailored for You

We value your time and know that questions can arise at any moment. That's why our phone lines are open around the clock, ensuring you always have a dedicated team ready to assist with any inquiries or concerns.

We shop the best lenders and rates, so you don't have to.

Leveraging our expansive network of top lenders, we eliminate the need for you to shop around. Our rates are not only competitive but come with the trust and expertise of a seasoned team with over 18 years in the industry. Your dream home is just a decision away.

Understanding the Benefits

USDA Loan Features:

  • Zero Down Payment

    Step into your rural home with a USDA loan that requires no down payment, keeping your savings intact.

  • Reduced Mortgage Insurance

    Enjoy lower costs with reduced mortgage insurance requirements compared to conventional loans.

  • Competitive Interest Rates

    Benefit from some of the most attractive interest rates in the market, thanks to the USDA loan program.

  • Flexible Credit Requirements

    USDA loans are accommodating with credit scores, making homeownership possible in rural areas even if your credit history isn't perfect.

  • No Prepayment Penalties

    Pay off your mortgage early without any penalties, offering you financial freedom.

  • Assistance with Closing Costs

    USDA loans allow for seller concessions and gift funds to help with closing costs, making your home purchase more affordable.

  • Dedicated Support

    Receive expert guidance tailored for rural homebuyers throughout the loan process for a seamless experience.

Wondering If a USDA Loan Fits Your Needs?

Rural homebuying comes with its own set of challenges and opportunities. At Federal Hill Mortgage, we're not just about loans; we're about helping you find your perfect rural retreat. We're committed to providing clarity, transparency, and a personalized approach to every step of your homebuying journey.

Chat with a Loan Expert

Common questions about USDA Loans

  • A USDA loan is a mortgage option backed by the U.S. Department of Agriculture, designed for homebuyers in rural and certain suburban areas. Eligibility is based on location, income level, and other criteria set by the USDA.

  • USDA loans offer several benefits, including no down payment, lower mortgage insurance premiums, and competitive interest rates. They are an excellent option for eligible rural and suburban homebuyers seeking affordable homeownership.

  • Yes, properties financed with USDA loans must be located in eligible rural or suburban areas as defined by the USDA. They should also meet certain safety and livability standards.

  • Yes, the USDA offers refinancing options for eligible properties and borrowers. This can be a great way to reduce your interest rate and monthly mortgage payment.