If you are looking for a mortgage loan that does not require any down payment, you might be interested in the USDA loan. This is a program offered by the United States Department of Agriculture to help rural property owners buy a home. 

 Some of the benefits of the USDA loan are:

  • You don't need to make any down payment (Some eligibility criteria may apply.)
  • The seller can cover up to 6% of the closing costs
  • You can use gift funds from a family member or a partner to pay for 100% of the closing costs
  • You can qualify easily with a credit score of 620 or higher


At Mortgages by Richard, we make getting a home loan simple, smart and enjoyable.


Minimum FICO Score.

  • 620 standard guides 
  • 640 with manual underwrite


Down Payment.

  • No down payment required



  • Primary residence


Other Highlights.

  • Upfront funding fee financed
  • Annual fee required
  • Up to 6% seller contribution
Drop us a line.