Phone: 703-352-0721

USDA Mortgage Loans

USDA Mortgage Loans
USDA mortgage loans offer home purchases for no money down , see if you are eligible.

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 some the lowest rates of any loan, and you will always have a fixed interest rate.

Am I Eligible for a USDA Loan?

USDA Loan Eligibility will be determined by three factors:

Credit Worthiness: When an underwriter reviews your credit on a USDA Loan the major thing they will be looking for is a history of paying your bills in a timely fashion. If you have had blemishes in the past they may be overlooked as long as you have reestablished your credit over the past 12 months. Generally, any open judgments or collections will need to be paid off before you close on your new home.

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.

Where you Live: In order to qualify for a USDA Loan your home must be located in a designated USDA rural area. You can check the USDA Eligibility of your County. It might surprise you just how many areas of the United States do qualify for these no money down home loans. The goal of the USDA loan program is to help our nation's smaller, rural communities thrive by making land and property more affordable.


When you are ready, contact a Loan Officer to help determine the best loan for you!

First Heritage Mortgage, LLC is Licensed by the Virginia State Corporation Commission under license #MC-893, and is registered in the National Mortgage Licensing System under the following:

First Heritage Mortgage, LLC
3201 Jermantown Road, Suite 800, Fairfax, VA 22030
Phone: 703-352-0721 | Toll Free: 866-833-5626 | Fax: 703-293-9024