USDA Loans
USDA loans, backed by the U.S. Department of Agriculture, are designed to make homeownership possible for low-to-moderate-income families in eligible rural and suburban areas. These loans offer zero down payment, making them one of the most affordable ways to buy a home.
"Affordable Homeownership in Rural Nebraska with Zero Down USDA Loans"
One of the greatest benefits of a USDA loan is the 100% financing—you don’t need a large savings account to become a homeowner. This is especially helpful for first-time buyers or those with limited upfront cash. These loans also come with competitive fixed interest rates, ensuring stable and predictable payments over the life of the loan. Even with no down payment, your monthly mortgage is often lower than rent. USDA loans are not just for farms—they apply to many small towns and suburban areas throughout Nebraska, including regions around Fremont, Plattsmouth, and Grand Island. We help you determine if your target property is eligible.
Another advantage is reduced mortgage insurance costs. Compared to FHA loans, USDA loans have significantly lower monthly insurance premiums, helping you save more each month. Borrowers must meet certain income limits based on their location and household size. At Mortgage Loans of America, we’ll walk you through the income requirements to ensure you qualify.
USDA loans can be used to buy a single-family home as a primary residence. You can also build a new home, renovate an existing one, or even refinance your current USDA loan to lower your rate. The property must meet specific condition standards, ensuring it is safe, sanitary, and move-in ready. If repairs are needed, you may still qualify by including those improvements in the financing.
No minimum credit score is officially required, but lenders typically look for scores around 640 or higher. We work with you to find a solution—even if your credit needs improvement. These loans are perfect for families looking to put down roots in peaceful, rural areas with more space, lower taxes, and strong community ties—all with the backing of a federal loan program. Unlike other programs, USDA loans require that you live in the home as your primary residence. This ensures that the benefit is going to people and families who truly need a safe, stable home.
You’ll work with an approved lender (like us!) and go through a streamlined process that includes pre-qualification, property eligibility check, and final USDA approval. We manage the entire process for you. At Mortgage Loans of America, we help Nebraska buyers unlock the opportunity of USDA loans with expert guidance, fast approvals, and a genuine commitment to helping you find your forever home—without the financial burden of a large down payment.
