USDA vs. conventional loan: Which is right for you?

Though the conventional loan is the most common type of mortgage, it’s not the only choice for borrowers. A lesser-known option worth exploring is the USDA loan program run by the U.S. Department of Agriculture. If you qualify for this government-backed mortgage, you could buy a home without any down payment. Here’s what you need to know about USDA loans versus conventional ones before shopping for mortgages. In this article: USDA vs. conventional loans: An overview USDA loans are zero-down-payment home ...