USDA
Guaranted Loans

USDA Guaranteed Loan Program

Rural development loans are a great option for your borrowers who need 100% financing. Klick Mortgage is a top government lender that offers a smooth and quick process for both your clients and referral partners. Count on Klick Mortgage to hit contract dates on USDA purchases, with direct access to underwriting and industry-leading turn times.

What does the USDA Guaranteed Loan do?

The Section 502 Guaranteed Loan Program helps low- and moderate-income families in eligible rural areas buy, build, fix up, or move into affordable homes. Eligible borrowers can get a 100% loan, so they don't need any money down.

The program guarantees 90% of the loan amount to approved lenders, which reduces the risk of lending to rural homebuyers. This makes it easier for low-income families to qualify for a home loan.

What is an Elegible Rural Area?

Utilizing this USDA's Eligibility Site you can enter a specific address for determination or just search the map to review general eligible areas.

USDA Guaranteed Loan

1 Day Approval

30-year fixed rate
No down payment required
No cash reserves needed
Closing costs may be financed on some transactions
Seller contributions allowed
620+ FICO and Elite pricing starting at 640+ FICO
Available on single- and multi-wide, condos and PUDs

Less Documentation

Meet income-eligibility (cannot exceed 115% of median household income)
Agree to personally occupy the dwelling as their primary residence
Be a U.S. Citizen, U.S. non-citizen national or Qualified Alien

Fast Closings

This program helps lenders work with low- and moderate-income families in rural areas to buy homes. Providing affordable homeownership opportunities helps people in rural areas become more prosperous, which creates thriving communities and improves people's quality of life.

Apply Now

We Have the Best USDA Loan Programs for You

305-336-2403

apply@klickmortgage.com

USDA Guaranted Loans