Mortgage Program & Term | Rate | APR | Assumptions | |
---|---|---|---|---|
USDA 30 Year Fixed | 3.5 | 4.352 | 1.375 Points | Zero Down |
Conforming 30 Year Fixed | 3.625 | 3.772 | 1.25 Points | 20% Down Payment |
The USDA interst rate program caps the interest rates that banks may offer to their clients. This allows the USDA home loan to be more affordable than the standard mortgage product.
Other benefits of using a Rural Housing USDA interest rate program include the following:
Contact a USDA Loan Specialist Online or toll free at 800.461.4152 to learn more about how the USDA Fixed Rate Mortgage Programs can help you.