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Zero Down Payment: USDA Home Loan Offers 100% Financing

January 17, 2019

Saving up enough for a down payment is one of the biggest obstacles for people who want to buy a new home. You might be surprised to know that you don’t need 20% down. You might even be eligible for zero down payment. The USDA home loan offers 100% financing, and many of Riverside Homebuilders’ homes and communities qualify for this mortgage program!

The U.S. Department of Agriculture established the Single-Family Housing Guaranteed Loan Program (also known as a “Section 502” loan) to affordably purchase a quality home in a rural area. That doesn’t mean you have to move way out in the country. The USDA has established realistic qualifications for defining a rural area. In fact, “semi-rural” is also eligible. The USDA reviews cities and towns and looks for population density, usually 20,000 residents or less, but slightly larger areas are also included. If you want more space around you, take a look at this program.

  • Zero down payment is required.
  • Interest rates are usually below the current market average.
  • Mortgage insurance is lower than other programs that require less than 20% down payment, including FHA and VA loans.
  • Closing costs might be able to be rolled into the loan.
  • Credit requirements are more flexible than conventional loans.
  • New construction homes are eligible for USDA loans.

Our communities just outside the Dallas-Fort Worth metro area give homebuyers the advantage of living the country life while having good proximity to the urban action. Decatur, Granbury, Azle, Springtown, Gainesville, Godley, and Weatherford all qualify for the USDA rural home loan. Good schools, local amenities, community spirit, and access to major roads contribute to the quality lifestyle in these small cities and towns. 

Most of our communities also offer spacious one-acre homesites!

Take a look at these Riverside Homebuilders’ communities of new construction homes that qualify for the USDA loan program:

Kimbrough Place, Azle: Less than a mile from Eagle Mountain Lake

Hillcrest Meadows, Decatur: Nestled in the rolling hills but close to the heart of Decatur

Vintage Square, Gainesville: Live in a small but active college town

Canyon Ridge, Godley: Minutes from beautiful Benbrook Lake

Rustic Meadows, Godley: Peaceful community and an easy drive to Fort Worth

Indian Harbor, Granbury: Waterfront living on Granbury Lake, with lots of community amenities

Springwood Ranch, Springtown: Large homesites in a scenic location 

Rocky Ridge, Weatherford: Country living near Eagle Mountain Lake and downtown Azle 

Purchase one of these single-family homes with the USDA (no money down) loan and you not only save money with this program, but you also avoid the expenses involved with buying a “fixer-upper”. These new construction homes include all new appliances and systems, like the air conditioning and water heater. The structure is also backed by our builder’s warranty, so you can live worry-free.

Get in touch with Rachel at Riverside Homebuilders to learn more about our communities, single-family home designs, and move-in ready homes. With interest rates and home prices going up, there’s no reason to wait.


Riverside Homebuilders
3045 Lackland Road Fort Worth, TX 76116
Sales: Call or Text (817) 601 - 6230

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