By New Wide Lending
New Era in Funding, Infinite Possibilities.
What Is a USDA Home Loan?
A USDA home loan—also known as a Rural Development Loan—is a government-backed mortgage program designed to help low- to moderate-income borrowers purchase homes in eligible rural or suburban areas. The best part? No down payment is required.
The U.S. Department of Agriculture (USDA) created this program to make homeownership more accessible for families and individuals outside of major cities—giving them the same financial opportunities as urban buyers.
Why Choose a USDA Loan?
Here’s why thousands of homeowners choose this loan every year:
- 100% Financing: No down payment required.
- Low Interest Rates: Backed by the U.S. government, which keeps rates competitive.
- Flexible Credit Guidelines: Perfect for borrowers with limited credit history.
- Reduced Mortgage Insurance Costs: Monthly fees are often lower than those for FHA or conventional loans.
For many, a USDA loan can make the difference between “someday” and “today.”
Who Is Eligible for a USDA Loan?
To qualify, you’ll need to meet a few key requirements:
- Property Location: The home must be in a USDA-eligible rural or suburban area. (Many areas outside major cities qualify!)
- Income Limits: Your household income must fall within the USDA’s county-specific limits.
- Primary Residence Only: The home must be your main residence—not an investment property or second home.
- Creditworthiness: While USDA doesn’t set a strict minimum credit score, most lenders prefer a score of 620 or higher.
🔍 Tip: New Wide Lending can help you confirm if your target property is USDA-eligible — send us the address!
The USDA Loan Process (Step-by-Step)
- Pre-Qualification: Connect with New Wide Lending to determine your eligibility and potential loan amount.
- Find an Eligible Home: Use our property search tool or your favorite real estate agent to find homes in USDA-approved areas.
- Submit Your Application: We’ll guide you through gathering income documents, credit reports, and property details.
- USDA Review & Approval: After lender underwriting, the USDA reviews and finalizes the loan.
- Close & Move In: You’re now a homeowner—with zero down payment!
Common Misconceptions About USDA Loans
- “They’re only for farms.” ❌
- Not true. USDA loans can be used for single-family homes in many suburban and rural neighborhoods.
- “I make too much to qualify.” ❌
- Income limits are surprisingly generous and vary by county and household size.
- “The process takes too long.” ❌
- With the right lender, USDA loans can close just as quickly as FHA or conventional loans.
Why Work With New Wide Lending
At New Wide Lending, we specialize in helping first-time homebuyers and self-employed borrowers navigate unique loan programs like USDA, FHA, VA, and Non-QM.
Our approach is simple:
Personalized guidance, transparent communication, and programs designed for your financial goals.
We’ll help you check eligibility, prepare your documents, and secure the best rate available — all with our signature friendly touch.
Ready to See If You Qualify?
Don’t assume you can’t afford a home — you might be one click away from 100% financing.
Start Your USDA Loan Pre-Qualification Now
or call (310) 853-5102 ext 800 to speak with a licensed loan officer today.
Subject to credit approval. Not a commitment to lend. Programs, rates, and terms are subject to change without notice. Licensed in CA, TX, FL & GA. CalDRE #01928649 • NMLS #1339357. Equal Housing Lender.