USDA Loans

What Is a USDA Loan?

A USDA loan is a government-backed mortgage offered through the U.S. Department of Agriculture’s Rural Development program. This rural housing loan is made to make homeownership more accessible in eligible rural and suburban areas, USDA loans offer 100% financing, meaning no down payment is required for qualified buyers.

These loans are ideal for low-to-moderate income borrowers who want to buy a home in a USDA approved area. Because the USDA guarantees the loan, lenders like Paducah Bank can offer competitive interest rates and more flexible credit terms than many traditional loans.

At Paducah Bank, we help you determine eligibility, navigate the application process, and ensure your loan fits your financial goals. If you're considering buying a home in a rural part of Kentucky, a USDA loan could be a great option for you! 

 

Friendly neighbors. No traffic. No down payment.

The advantages of living in Kentucky's rural communities are clear as day to anyone who has ever had the pleasure. The advantages of USDA Loans are just as evident. They feature low interest rates, 100% financing and other advantages that keep more money in the pockets of farm families and anyone else who enjoys simple living and plenty of elbow room.

• Fixed-rate loans with predictable monthly payments
• Choice of 15-year and 30-year loans available
• You may be able to finance closing costs, legal fees, and other prepaid fees
• Flexible credit guidelines
• Refinancing opportunities available
• Work directly with Paducah Bank lending professionals and not federal agencies
• Our friendly loan representatives will assess your family income and the house you are looking to buy and let you know if you qualify for a USDA Loan