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USDA Loan Program

USDA loan program Charlotte Real EstateUSDA loan program – When people think of the USDA, the first thing that usually comes to mind is agriculture and food, not housing. However, the United States Department of Agriculture (USDA) plays a big role in the housing industry. It promotes the development of rural areas around the nation by providing a guaranteed loan program (USDA mortgage programs) to first time and repeat / move up home buyers who seek to purchase homes in qualifying USDA rural areas. The USDA loan program provides home ownership opportunities to low and moderate income rural Americans through several loan, grant, and loan guarantee programs. USDA also makes funding available to individuals to finance vital improvements necessary to make their homes decent, safe, and sanitary.

You don’t have to go far in and around Charlotte to find eligible USDA areas. Zip code 28214 and 28215 qualify for this program. Many other areas do qualify as shown on the USDA eligible areas map. The USDA loan program is available in Mecklenburg, Union, Gaston, Iredell, Cabarrus and Stanly counties.

100% financing for Charlotte home buyers using USDA loan program

USDA is the only program offering a true  zero money down option to purchase a home. A conventional loan can require up to 20% down, while a FHA loan only requires 3.5% down and USDA…well no money down. Using a USDA guaranteed loan, a home buyer can save thousands of dollars in upfront costs by financing the full purchase price of a home and still get a 30-year fixed rate loan. There is also no PMI (private mortgage insurance), but there is a USDA fee to use the program. For many first time home buyers who are strapped for cash, this program opens the door to home ownership wide open. Not all applicants qualify to this program, but most do.

USDA Homes

Homes that qualify for the USDA loan program are often called USDA properties or USDA homes. Homes that qualify for the USDA program can be existing, new or proposed constructions that are stick built, modular, townhouses, condominiums and manufactured homes (only if new). Existing homes must meet certain certain building code requirements established under HUD. If the selected home is on well water, the water quality must meet local and state code. There is no stated purchase price limit, but how much of a home can be bought with this program depends on the applicant debt to income ratio and how much the lender is willing the lend to the applicant.

USDA program requirements
USDA program eligible areas in and around Charlotte
USDA program income limits
USDA program benefits to home buyers
Frequently asked questions about the USDA program
USDA loan program

Down Payment Assistance Programs & Grants


Would you like to find out if you qualify for the purchase of a home? A down payment assistance? Are you interested in having Cornerstone Realty help you to sell your home? Call us today or fill out the form below and we will contact you as soon as possible.

Mortgage Center

We have included below a few tools to help you determine your mortgage payments, closing costs and an estimator of how much you could afford based on your income. To get pre-approved for the purchase of a home, give us a call today or fill out an online inquiry from our website and we will contact you with 24 hours of your submission.


Start today with your pre-approval process. It's easy - simply provide your information below and will contact you and email you the contact information of one of Charlotte's best lenders.

About Us

This Charlotte real estate website provides search tools, information and market news for home buyers and sellers. All the properties displayed on this website are generated automatically from the Carolina MLS and are updated daily.

The down payment assistance programs discussed in this website are based on a 30-year fixed loan. Interest rate is the current market rate.

If you have questions, please contact us today. Your inquiry will be answered by a Realtor® licensed to practice real estate.

Contact Information

Office: (704) 837-4672
Email: info@nc-homeownership.com
Address: 317 Matthews Mint Hill Road, Suite 201 Matthews, NC 28105

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