12+ Loan Programs Tailored to Your Needs
USDA Loans
0% down for eligible rural and suburban areas (income limits apply)
Equal Housing Lender • Loans originated by Nick Petrosov (NMLS #2015537) through Guild Mortgage Company (NMLS #3274)
Licensed in California. This is not a commitment to lend. All loans subject to underwriting and credit approval.
USDA Loans Overview
USDA Rural Development loans offer no down payment and competitive rates for qualified buyers purchasing in eligible rural and select suburban areas. Income limits apply, and the home must be a primary residence.
Key Program Details
Min Down Payment
0%
Min Credit Score
540+
Loan Limit
No set limit; subject to income/DTI caps
PMI/MIP Rules
No PMI; annual guarantee fee applies
Advantages
- 0% down payment
- Competitive interest rates
- Lower overall MI costs than FHA
- Flexible credit guidelines
- Can roll upfront guarantee fee into loan
Considerations
- Property must be in eligible area
- Household income limits apply
- Primary residence only
- USDA guarantee fees: 1% upfront (can be financed) + 0.35% annual (monthly payments)
- Potentially longer processing times
Who This Loan Is Best For
Buyers in eligible rural/suburban areas
Borrowers with limited down payment funds
Moderate-income households
First-time buyers seeking 0% down
Primary residence purchasers
Quick Scenario Example
$600K purchase → $0 down → $3,454/mo P&I + $175/mo Guarantee Fee
$600K purchase
$0 down
$3,454/mo P&I + $175/mo Guarantee Fee
$600,000
Home Price
$0
Down Payment
$3,454
Monthly Payment (P&I)
$175
Monthly Guarantee Fee
5.625%
Interest Rate
Ready to Apply for USDA Loan?
Let's discuss your options and get you pre-approved today.
What You Get:
Same-day pre-approval
Competitive rates
Local expertise
Fast closing
Personalized service