USDA Loans | Bay Equity Home Loans

USDA Home Loan

Helping to fund your piece
of the American Dream.

What is a USDA home loan?

The USDA loan program offers up to 100% financing for owner-occupied properties in designated USDA rural areas. Backed by the Department of Agriculture, USDA mortgage loans are popular with lower-income borrowers because of the loan’s lower interest rates and minimal down payments.

What are the benefits of a USDA loan?

  • Extremely low interest rates
  • Little to no down payment
  • Low monthly mortgage insurance

What are the current USDA loan rates?

Interest rates on USDA loans change all the time based on market trends. While we can’t guarantee your specific percentage here and now, talk to one of our loan officers to lock in your exact interest rate.

What are the USDA loan qualifications?

Qualifying for a USDA loan is simpler than you might think. Check out the loan-specific requirements below, then chat with one of our loan officers to see about your loan eligibility.

Some USDA loan requirements

  • US citizenship or permanent residency
  • Credit score of at least 640
  • Reliable income
  • History of repaying debt
  • The property serves as your primary residence
  • Adjusted household income is equal to or less than 115% of the median income in the area

Home-buying by numbers


Your monthly mortgage
Estimate includes principal and interest only. It does not include taxes and insurance. Talk to a loan officer for specific calculations.


What’s your monthly payment?

Estimate your monthly mortgage with this home loan calculator. Just remember, your results are only estimates.

Talk to one of our loan officers to get an official figure. We’re here to help.

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loan officer

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