USDA/RD Loans 

USDA loans, also known as rural development loans, are backed by the U.S. Department of Agriculture and provide affordable mortgage options for homes in rural areas.

USDA loans are an attractive option for buying a home in a qualifying rural area – especially if you're a first-time home buyer. One huge benfit of the USDA loan is that there is no down payment.  You can even finance some or all of your closing costs if the value permits.  Credit restrictions are lower than other programs. 

If you're buying a home, you can get a USDA loan as a 30-year fixed-rate mortgage. If you already have a USDA loan, you can refinance it into a new USDA loan; however, you can't refinance with a USDA loan if you currently have a different loan type.