USDA Mortgage

Family enjoying their rural home after closing usda loan with 1st national bankYour Path to Homeownership

At 1st National Bank, we understand the importance of homeownership in building strong, vibrant communities. That’s why we’re proud to offer USDA mortgage loans, a government-backed home loan program that helps make homeownership possible in rural and suburban areas across the nation.


Why Choose a USDA Mortgage Loan?

  • Zero down payment: USDA loans require no down payment, making it easier for you to purchase a home without the financial burden of saving for a large upfront payment.
  • Competitive interest rates: USDA mortgage loans typically have lower interest rates compared to conventional loans, saving you money over the life of the loan.
  • Flexible credit requirements: Our USDA mortgage loan program is designed to help those with less-than-perfect credit achieve homeownership. Even if you have a lower credit score, you may still qualify.
  • Loan terms: Choose between 15- and 30-year fixed-rate loan terms to find the perfect fit for your budget and financial goals.

Eligibility Requirements for USDA Mortgage Loans

To qualify for a USDA mortgage loan, you must meet certain eligibility requirements. These include:

  • Property must be located in a USDA-designated rural or suburban area
  • Borrowers must have a stable and dependable income
  • Credit score of at least 640 is preferred, but lower scores may be considered with additional underwriting
  • Total household income must not exceed 115% of the area median income

How to Apply for a USDA Mortgage Loan at 1st National Bank

To apply for a USDA mortgage loan at 1st National Bank, follow these simple steps:

  1. Gather your financial documents, including your W-2 forms, pay stubs, and tax returns for the past two years.
  2. Complete our online loan application or schedule an appointment with one of our experienced loan officers to discuss your options and get pre-approved.
  3. Select the property you want to purchase and work with your real estate agent to negotiate the terms of the sale.