USDA Home Loan Advantages No Money Down: A USDA loan is the only loan program offered to the general public that allows you to finance 100% of your home’s value. That means no down payment of any kind and more money in your pocket! Great Interest Rates: USDA loans are made even more affordable through very competitive fixed interest rates, ensuring your payments will not increase every month. They do not have the same risk adjusters to rate as other loan products such as Conventional loan products. Flexible Credit Guidelines (Need a 620 score): USDA Loans requires a middle credit score of at least 620 (exceptions can be made for all credit scores based on buyers profile). Affordable 30 Year Terms: USDA home loans also offer affordable 30 year terms. If you are a first time home buyer, or not, a USDA loan is the perfect fit. USDA only offers a 30 Year Fixed Loan Term No Maximum Purchase Price. The 502 Guaranteed Rural Home Loan program has no maximum purchase price limit. However, a lender will still determine the maximum amount of loan each applicant is eligible for based on ability to repay. Roll in Your Closing Costs: A USDA loan allows you to finance in your closing costs up to the appraised value or allows up to 6% seller concessions to cover closing costs. This allows home buyers to potential buy a home for the cost of an home appraisal.