No down payment required — finance 100% of the purchase price.

Available for homes in designated rural and suburban areas, which include many towns near major cities.

Income limits apply, but are often higher than people expect.

Must be a primary residence — not available for second homes or investment properties.

Typically offers lower mortgage insurance costs than FHA loans.

Competitive interest rates, even compared to conventional loans.

Great option for first-time or repeat buyers looking to maximize affordability.