USDA Loan Mortgage Rate

6.590%Current national average · Updated 2026-05-05

What is a USDA Loan?

Rural development loan with zero down payment

Pros

  • No down payment required
  • Low mortgage insurance costs
  • Competitive fixed rates
  • 100% financing

Cons

  • Geographic restrictions (rural/suburban)
  • Income limits apply
  • Property must be in eligible area

Quick Facts

Current Rate

6.590%

Min. Down Payment

0%

Min. Credit Score

640

Best For

Rural and suburban buyers who meet income and geographic requirements

Top Lenders for USDA Loan

LenderUSDA Loan RateAPRAction
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