Millions of suburban homes qualify for a $0-down payment mortgage

The USDA Section 502 Guaranteed Loan Program offers qualified buyers up to 100% financing for homes in eligible rural areas, which can include small towns, exurbs, and some suburban communities. Eligibility depends on location, income limits (generally under 115% of area median), and lender approval. While no down payment is required, fees and closing costs apply, and buyers must consider total homeownership expenses. Checking property eligibility online is a recommended first step.