USDA Loans
A loan from the United States Department of Agriculture (USDA) doesn’t require a down payment, and they don’t set a minimum credit score for borrowers either. However, they will still look at your credit history, even if it’s not traditional credit like paying utility bills, and buyers who get a loan need to show that they can pay it back.
As with other government-backed loans, USDA loans require an initial payment at the time of closing and there’s a mortgage insurance fee if the loan-to-value (LTV) ratio is more than 80%. This fee will be included in the repayments.
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