Part of the department’s single-family housing program, the USDA loan program seeks to facilitate the acquisition of homes in rural or suburban areas by streamlining mortgage processes for borrowers. With lower down payment and income requirements compared to conventional loans and other government-guaranteed loans, USDA loans also come with stringent income and location criteria.

USDA loans encompass various categories, some of which are exclusively available to borrowers with the lowest incomes. These loans can be obtained either directly from the USDA or through private lenders with department guarantees. Additionally, the USDA’s Rural Development program provides grants to individuals engaged in housing construction projects.