Loan programs
USDA loan
In short
A USDA loan is a government-backed mortgage for eligible rural and suburban areas, aimed at moderate-income buyers, often with no down payment.
A USDA loan, backed by the U.S. Department of Agriculture's rural development program, helps moderate-income buyers purchase in eligible rural and many suburban areas, frequently with no down payment.
Eligibility has two parts: the property must be in a USDA-eligible area, and household income must fall within the program's local limits. Both are defined by the USDA and can be checked against its maps and tables.
In Florida, more areas qualify than many buyers expect, so a USDA loan is worth checking against the property's location before ruling it out.
Related
Current as of August 2026.