USDA Home Loan

What is a USDA Loan?

A USDA loan (also called a Rural Development Loan) is a government insured home loan that allows you purchase a home with NO Money Down. USDA Loans offer 100% financing to qualified buyers, and allow for all closing costs to be either paid for by the seller or financed into the loan. USDA offers competitive rates and you will always have a fixed interest rate. USDA Loans require the property be located in specific designated areas.

Am I Eligible for a USDA Loan?

USDA Loan Eligibility will be determined by three factors:

  1. Where you Live: In order to qualify for a USDA Loan your home must be located in a designated USDA rural area. Our Licensed Mortgage Consultants can check the USDA Eligibility of your County. It might surprise you just how many areas do qualify for these no money down home loans. The goal of the USDA loan program is to help our nation's rural communities thrive by making property more affordable. Click here to see USDA Property Eligibility.
  2. Income: You will need to be able to document your income on a USDA Loan. USDA will generally want to see a two year history of employment or consistent income. Exceptions on the two year requirement can be made for applicants such as students. On a USDA Loan, assets are not required for approval but can help overcome any possible blemishes on credit. There are income limits (maximums) with USDA Loans based on household size and location.
  3. Credit Worthiness: When an underwriter reviews your credit on a USDA Loan a significant piece of what they will be looking for is a history of paying your bills in a timely fashion. Contact your Mortgage Consultant today to review your personal situation and learn if a USDA loan is right for you.

Why choose Us?

Each of our Mortgage Consultants are state licensed. Talking to a licensed Mortgage Consultant is an important step to getting the right mortgage loan. Everyone has different loan needs and your Mortgage Consultant will know which questions to ask in order to best match you with the right loan and monthly payment. 1st Priority Mortgage, Inc. Delivers The Home Loan Experience.TM Our unique process identifies the best mortgage solution tailored to your individual needs.  How do we know our system works?  As a company we consistently track and measure our results.  We use what works and continually monitor for improvement.

Personalized Help. Your Mortgage Consultant will also explain all the Delivering The Home Loan ExperienceTM steps– from getting started, to locking in your interest rate, to closing your loan, and our goal of creating a Raving FanTM of you!  Because we are a direct lender, if you have any questions during the loan process, you get quick answers straight from the source.

We'll close your loans fast! On average, when you use our Priority Path Process, your loan closes nearly two weeks sooner.

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NMLS #29600. Contact 1st Priority Mortgage, Inc. for mortgage products and eligibility. 1st Priority Mortgage, Inc. is a Licensed Mortgage Banker, New York State Department of Financial Services-License number LMBC 107183. The Connecticut Dept. of Banking Consumer Credit Division-License number ML-29600. The Florida Office of Financial Regulation-Division of Consumer Finance-License number MLD2477. The New Jersey Dept. of Banking & Insurance. The Pennsylvania Department of Banking and Securities as a Mortgage Lender-License number 104688. All lending products are subject to credit and property approval. Terms, conditions, and certain restrictions may apply on all programs. Interest rate and program terms are subject to change without notice. This is not a commitment to lend. Contact a 1st Priority Mortgage Consultant for full details. 6000 Sheridan Drive, Williamsville, NY 14221 (888) 500-9733.
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