USDA Home Loans


USDA Rural Development Guaranteed Loan

  • Fixed-rate loan to purchase or refinance of a 1-Unit, owner-occupied home.
  • The property must be a stick-built single-family residence consisting of one living unit, and all borrowers must occupy the property.
  • The loan term is offered at 30 years. There is a one-time guarantee fee of 1.00% for purchase and refinance, which is paid to USDA.
  • There is an annual fee of .35% of the unpaid principal balance that will be paid over the life of the loan.
  • The maximum loan-to-value is 101% for purchase and 100% for refinancing, based on the appraised value. This can include repairs, closing costs and the USDA Guarantee fee for financing as part of the loan package.
  • No prepayment penalty.
  • Program is designed for moderate-income borrowers. Applicants should work closely with their loan officer when applying for financing under this program to ensure eligibility of both applicants and proposed purchase property.

NOTE: All terms and conditions are subject to change without notice.


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Zip code is required to assess if it is a jumbo loan. We serve all of Washington.