Financial Management Insurance 877-955-3722
Log In
    FDIC-Insured - Backed by full faith and credit of the U.S. Government

    What is a United States Department of Argiculture (USDA) Loan?

    A USDA fixed-rate home loan is a mortgage option backed by the U.S. Department of Agriculture, designed to help low- to moderate-income individuals or families purchase homes in eligible rural areas. The interest rate remains constant throughout the life of the loan, providing predictable monthly payments.

    Rural House

     

    Key criteria to consider when applying for a USDA Loan

    Apply Now OR Contact a Lender

    loan icon

    Loan Amount

    No max loan amount.

    Downpayment icon

    Down Payment

    With 100% financing, you pay 0% down. This means your loan will cover the full value of the home with a 0% down payment.

    Credit Score Icon. Light Teal

    Credit Score
    Must have a minimum credit score of 600.

    Fee Icon

    Upfront Guarantee Fee

    A guarantee fee is a one-time cost that helps cover the government backing of the loan. This fee (1.00% of the loan amount) is added to the loan balance and allows the lender to offer you a mortgage with no down payment and lower interest rates.

    Fee Icon

    Annual Fee

    The annual fee is a small percentage of your loan balance that you pay each year. This fee maintains the loan program and allows lenders to offer you favorable terms like no down payment. It's added to your monthly mortgage payment, so you don't have to pay it all at once. The fee is 0.35% of the loan amount per year, equaling $29 per month per $100,000 borrowed

    locational icon

    Locational & Income

    To qualify for a USDA loan, you must meet location and income requirements. To learn more about the specific requirements, click here.

    Assess Your Monthly Payment

    More Mortgage Resources

    Loans

    Everything You Need to Know About Home Loans in Missouri | FSCB

    Learn More

    Financial Planning

    The Lowdown on Loans

    Learn More

    Saving

    How Much Does Home Ownership Really Cost?

    Learn More

    Loan approval is subject to credit approval and program guidelines. Interest rate and program terms are subject to change without notice.

    *Annual Percentage Rate (APR) represents the true yearly cost of your loan, including any fees or costs in addition to the actual interest you pay to the lender.

    The rates shown above are the current rates for the purchase of a single-family primary residence. These rates are not guaranteed and are subject to change. This is not a credit decision or a commitment to lend. Your guaranteed rate will depend on various factors including loan product, loan size, credit profile, property value, geographic location, occupancy and other factors.

    Application can be made by calling 877-955-3722, by applying online, or by meeting with a mortgage loan officer.

    30 & 15 Year Fixed-Rate Loans - Conforming rates are for loan amounts not exceeding $510,400. Annual Percentage Rate (APR) calculation is based on estimates included in the table above with borrower-paid finance charges of 0.862% of the base loan amount, plus origination fees if applicable. If the down payment is less than 20%, mortgage insurance may be required, which could increase the monthly payment and the APR.

    USDA Rural Development - This program has restrictions on property location and household income. Click here to determine if your property is eligible.

    FHA Loans - A Federal Housing Administration (FHA) loan is a government-backed home mortgage loan with more flexible lending requirements than conventional loans. Because of this, FHA mortgage interest rates may be somewhat higher. The buyer will also have to pay monthly mortgage insurance premiums, along with their monthly loan payments. FHA loans come in 15- and 30-year options.

    VA Loans -VA loans are home mortgages backed by the Department of Veterans Affairs (VA). With a VA loan, eligible service members and veterans can buy a home with little or no down payment, or refinance an existing home to get cash out or a lower monthly payment. First State Community Bank offers 15- and 30-year options.

    As an approved lender for the VA Home Loan Guarantee Program, First State Community Bank can offer service members, veterans, and eligible surviving spouses favorable terms on all types of home mortgage products. And if you don't meet the qualifications for a VA loan, FHA loans offer similar advantages, including lower down payment requirements. Contact a mortgage loan officer today for more information about VA home loans and current VA mortgage rates.

    Download apps

    • apple app
    • google play app
               
    EqualHousing.White.3.5x2inFDIC-Insured - Backed by full faith and credit of the U.S. Government

    • logo for First State Insurance Agency
    •  
    • logo for First State Financial Management

    © 2025 FSCB - All rights reserved Bank NMLS 412605 Web SecurityPrivacy Policy        Digital Banking Privacy Policy 

    First State Insurance Agency and First State Financial Management products are: not a deposit, not FDIC insured, not insured by any government agency, not bank guaranteed and may decrease in value.