Government
USDA Direct Mortgages
Dreaming of owning a home in a rural area? USDA Direct Mortgages, offered by CMRE, make homeownership accessible with no down payment and competitive interest rates. Starting at 6.25%, this program provides a path to affordable housing in eligible rural locations.
Program Benefits
No down payment required, making homeownership more accessible.
Competitive interest rates, starting at 6.25%, for qualified borrowers.
Available in eligible rural areas, opening up opportunities beyond city limits.
Government-backed security providing stability and peace of mind.
Flexible credit requirements compared to conventional loans.
Potential for lower monthly payments due to the program's structure.
Program Highlights
Max LTV
96.5%
Min Credit Score
580
Max DTI
50%
Loan Amount Range
$50K - $500K
Amortization Options
Eligible Properties
- Single Family
- Townhouse
- Manufactured Home (meeting specific USDA requirements)
Program Requirements
Income Documentation
- •Household income must be within the USDA-established limits for the specific area.
- •Stable and verifiable income is required.
- •Income must be sufficient to cover the mortgage payment, property taxes, and insurance.
Asset Verification
- •Limited asset requirements compared to conventional mortgages.
- •Sufficient funds for closing costs may be required.
- •Verification of asset sources may be necessary.
Insurance & Title
- •Homeowners insurance is required to protect the property.
- •Flood insurance may be required if the property is in a designated flood zone.
- •USDA guidelines for insurance coverage must be met.
Property Requirements
- •Minimum FICO score of 580 is typically required.
- •A history of responsible credit management is essential.
- •Past bankruptcies or foreclosures may require a waiting period.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
The maximum loan amount varies depending on the specific location, income, and other factors. CMRE can help you determine the maximum loan amount you're eligible for.
The USDA defines eligible rural areas. You can check the USDA website or contact CMRE to determine if a specific property is located in an eligible area.
One of the significant benefits of USDA Direct Mortgages is that they typically do not require a down payment.
Interest rates vary, but CMRE offers competitive rates for qualified borrowers, starting at 6.25%. Contact us for a personalized rate quote.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
