Earn $25 CASH per qualified ChartSnap Founder referralUnlimited referralsNo purchase required—Join the Affiliate Program →

Mortgage Glossary

USDA Loan

Mike Starr·Reviewed August 2026

A USDA loan is a mortgage guaranteed by the U.S. Department of Agriculture for homebuyers in eligible rural and suburban areas. USDA loans require no down payment and offer below-market interest rates. Borrowers must meet income eligibility requirements, typically not exceeding 115% of the area median income. The property must be in an eligible rural area.