Young,Married,Couple,With,Children,On,A,Country,WalkA USDA home loan is a zero-down payment mortgage for eligible rural and suburban homebuyers. These loans are issued through a private lender, such as a community bank, and guaranteed by the USDA Rural Development Guaranteed Housing Loan Program. This program is to help lenders work with low and moderate-income families living in eligible rural areas become homeowners.


  • Single-family homes
  • Meet income and property eligibility
  • Must agree to occupy the dwelling as their primary residence
  • Minimum credit score for borrower must be 640+
  • Front end ratio is 29/back end 41
  • Must finance an upfront mortgage insurance premium (UFMIP) of 1.00% of total loan amount and pay monthly mortgage insurance (MMI) at a maximum of .35% of loan amount annually
  • Not been suspended or debarred from federal program participation
  • Demonstrate willingness to meet credit obligations

Requirements set by the U.S. Department of Agriculture include:

  • USDA specifies that funds backed by loan guarantees must be used for:
    • New or existing residential property to be used as a permanent residence. Closing costs and reasonable/customary expenses associated with the purchase may be included in the transaction.
    • Site with new or existing dwelling
    • Refinancing of eligible loans
    • Must be an eligible property. To find out if property qualifies for this loan visit:


All loans subject to credit approval


Getting started is easy. We offer very competitive rates, have great service, and always close on time.


NMLS #401420

F&M Bank Mortgage is a division of F&M Bank

Equal Housing Lender

FDIC - Black_FMBMortgage

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F&M Bank Mortgage
1401 Health Center Parkway
Yukon, OK 73099