- Home
- Loan programs
- USDA loan
USDA loans for homes beyond the city grid
Zero-down financing for moderate-income buyers in eligible areas, including many towns in Cache Valley, Tooele and Sanpete counties.
- Minimum down
- 0%
- Guarantee fee
- 1% upfront
- Annual fee
- 0.35%
- Term
- 30 year fixed
How a usda loan works
The USDA Rural Development Guaranteed Loan helps moderate-income households buy in eligible rural and suburban communities. Eligible areas are wider than most people expect. Parts of Tooele, Eagle Mountain outskirts, Heber Valley and much of southern Utah qualify.
USDA loans have a 1% upfront guarantee fee and a 0.35% annual fee, both lower than FHA. Household income must fall under the county limit, which counts everyone living in the home.
What is included with Summit Ridge
Every usda loan comes with one flat $995 lender fee, shown before you apply, plus everything below.
- Address eligibility check before you tour
- Household income limit calculation
- Closing costs financed up to appraised value
- Guidance on well, septic and private road rules
- USDA and conventional side-by-side comparison
- Local appraiser familiar with rural comps
The process, step by step
One loan officer and one processor from your first question to closing day.
- 1
Check the address
We confirm the property and your household income both qualify.
- 2
Pre-approval
Automated underwriting through USDA's system, typically in one business day.
- 3
Lender underwriting
Our underwriter clears your file, then USDA issues its conditional commitment.
- 4
Close
Plan for 30 to 40 days because USDA adds a final review step.
Why borrowers choose it
Nothing down
100% financing on eligible homes, with sellers allowed to pay closing costs.
Low ongoing fee
The 0.35% annual fee is among the lowest of any low-down-payment loan.
Room to breathe
Buy acreage, a view and a quieter street without a large cash down payment.
Fixed payment
A 30 year fixed rate means predictable principal and interest for the whole loan.
Requirements and pricing factors
Your rate and approval depend on these factors. We explain exactly which ones move your price.
See sample rates- Location
- Property in a USDA eligible area
- Household income
- At or below 115% of area median income
- Credit score
- 640 for automated approval
- Occupancy
- Primary residence only
- Property
- Single-family, modest acreage, no income-producing farms
USDA loan questions
More answers in our full FAQ and learning center.
No. It is for homes in eligible communities. Working farms and income-producing land are not allowed.
Send us the address or the listing link. We check the USDA map and income limits the same day.
Yes, on eligible lots, using a construction-to-permanent option with approved builders.
Ready to price your usda loan?
Pre-qualify in about 6 minutes with a soft credit check. No impact to your score and no obligation.
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