USDA Loans

USDA Loan Services

Homesteading is in the DNA of nearly every American. Available rural land space has shrunk since early settler times, yet many home buyers today still seek the country life and associated values that help make this country great and keep it strong.

Thrive Mortgage has a way to help you reach your dream of country living through the Rural Development Loan from the U.S. Department of Agriculture (USDA).

USDA Loans

USDA loans are guaranteed by the Federal Government and are only available to individuals and families looking to settle in USDA eligible rural areas. Loan applicants may have an income of up to 115% of the median income for the area in which they wish to settle. Qualifying families must be without adequate housing, but able to afford the mortgage payments, including taxes and insurance.

Loan terms are 30-years, and the lender sets the promissory note interest rate. Repayment feasibility is determined by the lender using ratios of repayment (gross) income to Principal, Interest, Taxes, and Insurance (PITI) and to total family debt.

Click here to check an address and to see if the property is eligible for USDA financing.

When a USDA Loan Makes Sense to You

When you are ready for homesteading in the wide-open spaces of the country, turn to Thrive Mortgage for your USDA loan needs. The USDA offers a wide range of property eligibility classifications and loan programs. The advantages of a USDA loan can’t be beat, and feature:

  • 100% financing
  • Lower, fixed-interest rates

With a USDA loan from Thrive Mortgage, you can afford to wrangle your dream ranch location and get plenty of room for your little casita or modest hacienda of reasonable size, and much more.

Thrive Mortgage Loan Originator will do the math and help you determine your eligibility, interest, and payment terms. You start searching for the rural property that is perfect for your family’s unique needs. Country living is that simple.

*All loans are subject to underwriting or investor approval. Other restrictions may apply. This is not an offer of credit or a commitment to lend. Guidelines subject to change.

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