Sometimes working hard and having a steady income are just not enough to qualify for a traditional mortgage loan. The United States Department of Agriculture (USDA Rural Housing) loan is available at ECU to help lower income households obtain home loans at reasonable mortgage rates.


  • Finance up to 100% of the purchase price
  • Seller may contribute closing costs
  • Gifts allowed for closing costs
  • No prepayment penalty

Find a Loan Officer

Household income cannot exceed income limitations and property must be in geographic location to qualify for USDA financing.

Learn More:

  • Apply for a Mortgage

    Completing our online application is as easy as 1-2-3. Get started today!

  • ECU Title & Escrow

    ECU Title & Escrow is a full-service real estate settlement company that helps members complete the home buying or selling experience at an ECU branch.

  • Find a REALTOR

    Realtors are knowledgeable in many phases of the home buying and home selling process and can be a valuable resource to you.

  • Get Expert Advice

    Wishing you had free housing counseling advice? Speak with an expert today!

Have Mortgage Questions?

Calculate Your Answers

So many financial decisions are involved when purchasing or refinancing a home. Should you buy or rent? Will refinancing save you money? How much would your monthly payments be? Our calculators are designed to answer these questions and more.

Mortgage Calculators

Compare Mortgages

Which loan is right for you? See the chart below for unique features of each. If you need help, please contact us or give us a call at 800.999.2328.

Loan TermMaximum Loan To ValueTermMortgage InsurancePrepayment Penalty
Fixed & Adjustable Rate Mortgages97.00%15/20/30 yearYesNo
Federal Housing Administration (FHA)96.50%15/30 yearYesNo
Veterans Administration (VA)100.00%15/30 yearYesNo
USDA100.00%30 yearYesNo
First Time Home Buyers Program105.00%30 yearNoNo
ECU 100 Mortgage100.00%15/20/30 yearNoNo
ECU Purchase Plus105.00%15/30 yearNoNo


  • What is a USDA Home Loan?A United States Department of Agriculture (USDA) loan provides low- and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas.
  • Who can apply for a USDA Home Loan?

    To apply for a USDA loan, you must:

    • Agree to personally occupy the dwelling as your primary residence
    • Be a U.S. Citizen, U.S. non-citizen national or Qualified Alien
    • Have the legal capacity to incur the loan obligation
    • Have not been suspended or debarred from participation in federal programs
    • Demonstrate the willingness to meet credit obligations in a timely manner
    • Purchase a property that meets all program criteria

    All applicants must meet income eligibility. For information on eligibility within your area, please visit https://www.rd.usda.gov.

  • I see the USDA Loans are guaranteed, what does this mean?This means that the federal government insures a portion of each loan in the event the borrower defaults on their home loan. This backing, or guarantee, gives lenders more confidence in homebuyers and the ability to extend favorable rates and terms. All USDA Loans are guaranteed by the USDA government organization, not the FDA.
  • Are only first-time homebuyers eligible?No. There are no restrictions that prevent homeowners from using the USDA Loan program.
  • What is the maximum amount that I can borrow?The USDA loan program does not limit the amount that a homeowner can borrower; however, most lenders conform to the loan limits set forth by Fannie Mae and Freddie Mac and will extend financing for up to $417,000.