When you are interested in living in a rural environment or on a farm, applying for a USDA Loan may be your best option. The “United States Department of Agriculture” offers Farm Ownership Loans with up to 100% financing. The USDA is a valuable resource to help both ranchers and farmers purchase or enlarge their family farms. They also help to improve and expand current operations, increase agricultural productivity, and assist with land tenure to save farmland for future generations. The current maximum loan amount is $600,000 and around $300,000 for Beginning Farmer Down Payment), all FSA Direct Farm Ownership Loans are financed and serviced by the Agency through local Farm Loan Officers and Farm Loan Managers. The funding comes from Congressional appropriations as part of the USDA budget.

USDA Loans may also be used to purchase homes in rural areas, in case you are someone who love a farm-like environment but would rather pass on the hard work. The USDA is a very beneficial financing option for either choice of lifestyle.