USDA Guaranteed Home Loans are great loans for those with moderate income. USDA has the lowest Mortgage Insurance on any loan type low down loan. There is ZERO down payment required and low interest rates. Perfect credit is not needed, you can qualify with a credit score as low as a 620. You can be a first-time homebuyer or you may have bought before, that is okay either way. You do need at least 2 years of work history in the same line of work. If you decide to pay your loan off early there are never any prepayment penalties. If you don’t have money to pay closing cost you can negotiate with the seller to pay all closing costs, or you can use gift funds as well. If you don’t qualify for other home loans or don’t have money for a down payment, don’t be discouraged you could still qualify for a USDA home loan. Most of the smaller Oregon towns and the outskirts of major cities like Portland, Salem and Eugene qualify. Contact us anytime with questions or to find out if you qualify. 503-316-8000 or apply Just click GET APPROVED at the top of this page.