A USDA loan is a popular home loan option for qualifying rural communities! What are the benefits of a USDA Loan?

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Lower Cost

No Down Payment

Qualifying borrowers can get up to 100% financing for their rural dream home. You can even finance your upfront Private Mortgage Insurance (PMI). The upfront PMI charge is 1% of the loan and is required, but the USDA allows borrowers to roll the cost into the loan.


Flexible Credit Guidelines

Approving borrowers with a short credit history is often difficult because there isn’t enough history. With this loan program, though, lenders can accept alternate documents. These documents include rent, utility payments, and other long-term payments to establish history.

Reduce Cost

Lower Monthly PMI

Monthly PMI costs are lower with this loan option. If you choose to not place a down payment, then you will most likely need to pay PMI monthly. As of now, the USDA offers the lowest PMI rate of any loan program and the price doesn’t change based on your down payment.

Steps to a USDA Loan

Once you find the right program for you, the process is as simple as 1, 2, 3!

  • STEP 1

    Get Pre-Approved

    Our mobile app, Mortgage Express, helps you get pre-approved quickly. It’s secure and you can upload all required documents straight into the app to save you time and energy.

  • STEP 2

    Talk to a Mortgage Consultant

    Your mortgage consultant will keep you and your agent updated every step of the way with our Milestone Updates.

  • STEP 3

    Close on Your Loan

    Your consultant will assist you with everything you need and help you setup your closing appointment.

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Hometown Hero Program

Bailey & Wood loves supporting our community anyway we can! Which is why we have developed the Hometown Hero Program to assist veterans, first responders, teachers, and more with financing their dream home!

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USDA Frequently Asked Questions

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