Home lending for beautiful places out in the country.
As a USDA approved lender, First Commercial Bank is ready to help you prepare a plan and make that special place your home. USDA/Rural development loans are for homes located in eligible rural areas determined by the U.S. Department of Agriculture. This program offers fully-amortizing, fixed-rate mortgage financing and is guaranteed by the U.S. government. USDA mortgages require no down payment and offer more flexible qualifying criteria, making them an ideal option for first-time homebuyers, someone with no formal credit history, or someone less-than-perfect credit looking to buy out in the country.
FEATURES YOU'LL LOVE:
- Purchase a new home with no down payment
- USDA rural housing loans are available as a fixed-rate mortgage for properties located in eligible rural areas
- No prepayment penalty
- Affordable USDA mortgage rates and loan terms
See how we can help with competitive USDA loan interest rates and an easy application process.
Taking the steps to homeownership.
When you apply for a mortgage backed by the USDA, you'll still want to determine how much you can afford on a monthly basis and shop for competitive USDA loan interest rates, just as any potential homeowner would. You’ll also want to visit the USDA’s website and speak with one of our loan officers to confirm your location and income eligibility to participate in the program. From there, our expert First Commercial Bank loan advisors will consider your personal and financial needs when designing the perfect USDA mortgage solution to finance your new home. See how we can help with competitive USDA loan interest rates and an easy application process.
For more information on home loans, visit our Mortgage Information Center.