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USDA Rural Development Overview

Eligibility  |  News  |  Reviews

USDA Rural Development is typically the best home loan option for first time buyers that are not military veterans, assuming the property is in an eligible rural area. USDA RD loans even offer 100 financing with no down payment. Continue reading below to learn more about USDA RD home loans, income limits & guidelines.

GMFS Mortgage has funded over 14,300 USDA Rural Development home loans!

Why does USDA Rural Development offer home loans?

This USDA program helps mortgage lenders work with low and moderate income families living in rural areas to make homeownership a reality. Per the USDA, providing affordable homeownership opportunities through the rural development (RD) home loan program promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas.

USDA RD Loan Features

  • 100% financing (zero money down)
  • Can be used to purchase your primary residence or refinance for rate term
  • Expanded qualifying ratios and flexible credit guidelines
  • Must be deemed eligible rural area by USDA  (check USDA RD eligibility)
  • Income limits based upon the number of people living in house, varies by geographical area
  • Loan up to appraisal value to finance closing costs
  • RD Guarantee fee of 1% (Financeable)
  • USDA One Time Close Construction loans 

top mortgage lender usda rd loan
Recognition for GMFS Mortgage:
GMFS Mortgage ranked Best USDA Mortgage Company in Louisiana for 2018 by Ask a Lenderk a Lender

  • GMFS Ranked #1 Louisiana Lender for USDA Rural Development Loans 2025 (source)
  • GMFS Ranked #1 Louisiana Lender for USDA Rural Development Loans 2024 (source)
  • GMFS Ranked #1 Louisiana Lender  for USDA Rural Development Loans 2023 (source)
  • GMFS Ranked #1 Louisiana Lender and #11 nationwide for USDA Rural Development Loans 2022 (source)
  • GMFS Mortgage Loan Officer ranked #3 in country and #1 in Louisiana for Rural Development originator
  • GMFS Mortgage ranked top lender in #1 Louisiana and #5 in Alabama, #10 nationwide for USDA Rural Development Loans for 2020 (source)
  • GMFS Mortgage ranked top lender in #1 Louisiana and #5 in Alabama for USDA Rural Development Loans for 2019
  • GMFS Mortgage Loan Officer has been verified #1 Rural Development originator in U.S. for 2016 and 2017
  • June 2018:   GMFS Top 25 Producer – Arkansas for the period of 10/1/15 – 9/30/17
  • Fiscal year 2017:    [Results not released yet]
  • Fiscal year 2016:   GMFS #1 Lender – Louisiana
  • June 2016:   Charlene Richard of GMFS Named USDA Rural Development Underwriter of the Year
  • Fiscal year 2015:    GMFS #1 Lender – Louisiana

Contact a GMFS Mortgage Loan Officer today!

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Greg was fantastic to work

Greg was fantastic to work with. He explained things in a way that was easy to understand and helped guide us through the process smoothly. As a first time home buyer, this was much appreciated.

I’d 100% recommend GMFS to

I’d 100% recommend GMFS to anyone at anytime! My son and I are beyond grateful for Mr. Blake, Ms. Sandy and Ms. Robin, they all were AMAZING! This home buying experience was a 1st for me. I was so nervous and even doubtful at first, but once the process got going, that all went away. I’m so thankful for them! God bless all!!!!!

Great experience for a first

Great experience for a first time home buyer! John made us feel so comfortable for the whole purchase process.

Extremely knowledgeable and was a

Extremely knowledgeable and was a simple process that could have been a nightmare for a first time home buyer. Ryan and Adam were absolutely great to work with. Without a doubt, if I needed a mortgage agent I wouldn’t hesitate to call Ryan and his team again. Very impressed!!!!

I had an amazing first

I had an amazing first time home buying experience. MeLisa and team went above and beyond to bring us to the closing table, and did it in such a timely manner. MeLisa was amazing to work with and kept me in the loop every step of the way!

Landon F.

Debbie did an incredible job every step of the way from the application all the way to closing. She was the only lender from the list I inquired from that bothered to call me to have an actual conversation about where I was at and what was right for me. Highly recommend, especially for any first time home buyers that are feeling nervous and not sure where to begin.

Garrett T.

Worked with Paul Plaisance to secure lending for our first home. Paul made it a very easy process. He was informative, clear, fair, and always accessible by phone or text. Thanks to Paul we secured lending at a great rate and did it timely so we could close on time!

USDA RD News

WHY GMFS MORTGAGE?

Our avg. customer feedback rating = 4.8 stars! Experience for yourself why so many of our customers and partners refer GMFS Mortgage to their family, friends and clients!

Established

Over 150,000 customers and $30 billion in residential mortgage funding in 23 states

Efficient

Processing, underwriting, and closing under same roof means smooth & predictable closings

Trusted

A+ rating with BBB and winner of Torch Award for Marketplace Trust

Experienced

GMFS staff has an avg. of 14+ years of mortgage industry experience

*Government loans such as FHA, USDA and VA typically have more flexible guidelines than conventional loans but interest rates are typically higher. 

*Not a commitment to lend.  All loans subject to credit and property approval.  The following terms are for illustrative purposes only.  Rates, payments, and loans terms vary by consumer based on their individual qualifying information.   The payment amount illustrated does not include the amounts for taxes, property insurance, or mortgage insurance. 

Loan Term Down Payment Annual Percentage Rate Estimated Monthly Payment
30 year fixed rate 10% (90% LTV) 4.75% $1,043