USDA Loans are one of the last $0 down payment mortgages with 100 percent financing, resulting in low out-of-pocket costs.
USDA mortgage rates are often lower than comparable conventional 30-year fixed mortgage rates, resulting in a better deal as compared to FHA or conventional loans.
The USDA's definition of "rural" is largely liberal, meaning many in small towns, suburbs and exurbs of major U.S. cities meet the "rural" requirement.
