USDA Loans
USDA Guaranteed Loans offer eligible homebuyers a path to homeownership with no down payment in qualifying rural and some suburban areas. Backed by the U.S. Department of Agriculture, they are designed for low-to-moderate-income buyers purchasing in eligible areas. Eligibility depends on the specific property address, not just the city.
What Are USDA Loans?
USDA Guaranteed Loans offer eligible homebuyers a path to homeownership with no down payment in qualifying rural and some suburban areas. Backed by the U.S. Department of Agriculture, they are designed for low-to-moderate-income buyers purchasing in eligible areas. Eligibility depends on the specific property address, not just the city.
Peter Irungu (Mortgage Loan Originator, NMLS #2751063) helps homebuyers across Pierce & King County understand whether USDA is the right fit and guides you through every step — from pre-qualification to closing.
Key Benefits
Zero Down
Finance 100% of an eligible home's purchase price.
Low Costs
No PMI; a low annual guarantee fee may apply.
Fixed Rate
Stable, below-market fixed rates for the full term.
Rural Friendly
Built for qualifying rural and suburban communities.
Who Qualifies?
Eligibility requirements vary by program and lender. Here's a general overview:
- Home must be in a USDA-eligible area (check the specific address)
- Property must be your primary residence
- Household income within USDA limits for the area
- Stable and dependable income
- Credit history showing willingness and ability to repay
How It Works
Apply
Share your goals in a quick, no-obligation pre-qualification.
Get Approved
Peter shops multiple lenders to find competitive rate options for you.
Close
Sign final documents and get your keys.
Rates & Terms
Rates shown are sample scenarios for illustrative purposes only. Actual rate and APR will vary based on credit profile, loan amount, property type, and market conditions. Contact Peter Irungu for a personalized quote.
Pricing varies by program & profile
USDA Loans rates and terms depend on the lender, loan amount, property, and your qualifications. Peter will review your situation and find competitive options from our network of lenders.
Get Your Personalized Quote
Sample rates are just a starting point. Your actual rate depends on your unique profile. Peter will review your situation and find competitive options from our network of lenders.
Start My Pre-QualificationNEXA Lending, LLC is a private mortgage lender/broker and is not affiliated with, endorsed by, or acting on behalf of HUD, FHA, VA, USDA, or any government agency.
Frequently Asked Questions
Can I get a USDA loan with no down payment in Washington?
Eligible borrowers may qualify for a USDA Guaranteed Loan with no down payment, provided the home is in a USDA-eligible area and the household income meets program limits. Eligibility depends on the specific property address — not every property in a city qualifies. NEXA Lending is a private mortgage company, not affiliated with USDA or any government agency.
Which areas of Pierce County qualify for USDA financing?
USDA eligibility is determined by the specific property address, not by city or county. Some rural and suburban areas of Pierce County and other Washington counties may qualify. You should verify any specific address through the official USDA Property Eligibility map before assuming a home qualifies. NEXA Lending is not affiliated with USDA.
What is the difference between a USDA Guaranteed Loan and a USDA Direct Loan?
USDA Guaranteed Loans are originated through approved private lenders like NEXA, while USDA Direct Loans are issued directly by USDA to very-low-income borrowers. This page covers the USDA Guaranteed Loan Program. NEXA Lending is a private mortgage company, not affiliated with USDA.
Does a USDA loan require mortgage insurance?
USDA Guaranteed Loans do not charge traditional PMI, but they include a one-time upfront guarantee fee and a low annual guarantee fee that is included in your monthly payment. NEXA Lending is a private mortgage company, not affiliated with USDA.
USDA vs. FHA — which is better in Washington?
USDA loans offer no down payment in eligible rural areas, while FHA loans offer 3.5% down with more flexible credit and are available in more areas, including cities. The best option depends on the property location, your income, and your credit profile. NEXA Lending is not affiliated with USDA or FHA.
Talk to Peter About USDA
Have questions about usda loans? Share a few details and Peter will reach out within one business day.
Ready to Explore Your USDA Options?
Start with a no-obligation conversation. No credit pull required to get started.