USDA Rural Development Overview

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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 8,300 USDA Rural Development home loans.

*Due to COVID-19 pandemic, there are temporary changes regarding some qualification criteria. 

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)

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Recognition for GMFS Mortgage:
GMFS Mortgage ranked Best USDA Mortgage Company in Louisiana for 2018 by Ask a Lenderk a Lender

Contact a GMFS Mortgage Loan Officer today!

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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!


Over 130,000 customers and $24 billion in residential mortgage funding in 23 states


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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