The USDA home loan in Utah is a true 100% financing program federally insured by the United States Department of Agriculture (USDA). With a USDA home loan, Salt Lake City residents may finance up to100% of their property value, and will be subsidized by the USDA through the Rural Housing Loan.

At Primary Residential Mortgage, USDA home loans are one of our most popular options for several reasons. This type of home loan is often more flexible than other programs, the interest rate is lower, and you will not be penalized for not staying in the home or paying it off early.

100% Financing

The USDA home loan is a government guaranteed home loan that allows home-buyers to buy a home with NO money down. USDA loans offer 100% financing to qualified buyers, and allows all closing costs to either be paid by the home seller or financed into the loan. USDA offers low fixed interest and flexible credit qualifying guidelines.

USDA Rural Development Home Loan Benefits:

  • No Down Payment/100% Financing
  • Low Fixed Interest Rate/Low Monthly Payments
  • Low Minimum Credit Score Requirements/Easy Qualification
  • NOT Just for First Time Home-Buyers
  • Finance Closing Costs or Seller Can Pay
  • Close with ZERO out of Pocket/Get Your Earnest Money Deposit Back

Am I Eligible for a USDA Home Loan?

USDA Loan Eligibility is easy to determine:

In order to be eligible for the USDA Home Loan Program, you must meet certain household income guidelines and the home being purchase must be located in a qualifying area as defined by USDA.