USDA Loans
Ennkar is pleased to announce we have USDA financing. This program is for low to moderate income families and allows 100% financing with no down payment. We are underwriting these loans at Ennkar speeds.
What is a USDA Loan?
USDA stands for United States Department of Agriculture. In the past, USDA Loans were considered “farm loans”, mostly used to purchase properties in agricultural areas. That is not the case with today’s USDA Loans. In fact, properties in almost every area of the country outside major metropolitan areas can be purchased with a zero-down USDA Loan today.

USDA Guaranteed Rural Housing Loans
USDA Guaranteed Loans are the most common type of USDA loan and allow 100% financing for home purchases. USDA Guaranteed Loan applicants may have an income of up to 115% of the median household income for the area. Area income limits for this program can be viewed here. All USDA Guaranteed Loans carry 30 year terms and are set at a fixed rate.
What are the Advantages of USDA Mortgage Versus Conventional Loans?
- USDA mortgage loans offer many benefits and protections that you won’t find in other loans including:
- USDA Mortgages have more flexible credit qualifying terms
- USDA Rural Loans require low monthly mortgage insurance (MI)
- USDA Mortgages require no down payment
- A distinct advantage of a USDA rural loan, as compared to a conforming loan, is great interest rates and low mortgage insurance (MI). The daily USDA mortgage rates are usually comparable to a conforming 30-Year Fixed loan