Buy With $0 Down—With a USDA Loan
Affordable home financing backed by the U.S. Department of Agriculture.
Designed for buyers in eligible rural and suburban areas with low to moderate income.
What Is a USDA Loan?
A USDA loan is a government-backed mortgage that offers 100% financing, low interest rates, and reduced mortgage insurance. It’s available to buyers purchasing a primary residence in designated USDA-eligible locations.
How It Works
Getting the right insurance coverage has never been easier. Follow our simple process to get protected today.
Who Qualifies?
To qualify for a USDA loan, you typically need a credit score of 620 or higher, a steady income that falls within USDA eligibility guidelines, and the intention to use the property as your primary residence. Additionally, the home must be located in a designated USDA-eligible rural or suburban area.
Why Buyers Choose USDA Loans:
🚜 $0 down required
📍 Great for rural or suburban buyers
💰 Low monthly payments and mortgage insurance
🎯 Flexible credit and income guidelines
🏠 Backed by the U.S. government
USDA Loan FAQs
Q: Do I have to be a first-time homebuyer?
No. USDA loans are available to any qualifying buyer.
Q: Can I use this in a suburb?
Yes. Many suburban areas near cities are USDA-eligible.
Q: Is mortgage insurance required?
Yes, but it’s typically lower than FHA or conventional PMI.
About Us
At The Federal Savings Bank, we make home financing easy. Whether you're buying, refinancing, or just exploring options, we’re here to help. Located at 1150 South Ave, Suite 304B, Staten Island NY 10314, we offer competitive rates, great service, and a smooth and fast loan process from start to finish.
Company NMLS: 411500
Equal Housing Opportunity
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Disclosures and License Information
Texas Mortgage Disclosure: Consumers wishing to file a complaint against a mortgage banker or licensed residential mortgage loan originator should contact the Texas Department of Savings and Mortgage Lending (SML). Visit [www.sml.texas.gov](https://www.sml.texas.gov) for instructions and to obtain a complaint form. Mailing Address: 2601 North Lamar, Suite 201, Austin, TX 78705 • Toll-Free: 1-877-276-5550 (Required per 7 TAC §80.200(b))