Loan Types
What is a USDA loan and is my Minnesota area eligible?
Context
USDA loans can be a strong 0%-down option, but eligibility is tied to the property location and household income.
The short answer
USDA loans offer 0% down for eligible buyers in designated rural and many suburban-edge areas, subject to household income limits. Much of greater Minnesota qualifies by map.
Things to keep in mind
There is an upfront and annual guarantee fee instead of traditional PMI, and both the property and the household must qualify.
Next step
DMF checks property eligibility and income limits, then shops USDA-approved wholesale lenders for you — contact us to check your address.
Have a question about your own situation?
DMF serves Minnesota homebuyers and homeowners by shopping your purchase or refinance file across multiple wholesale lenders — not a single bank's product menu.
Davis Monroe Financial, LLC is a mortgage broker, not a lender. We do not make credit decisions or fund loans. Rate locks are issued by the lender; we submit and manage lock requests on your behalf. All loans are subject to credit approval. Rates and terms are subject to change without notice.