How Do You Find Current USDA Mortgage Rates?

>p>Find the current interest rates on United States Department of Agriculture (USDA) mortgages by visiting The website gives interest rates for various programs, notes

The USDA offers several home loan programs, notes its website. To find the current interest rates on USDA loans, follow the steps below.

  1. Visit the website
  2. Go to the website and choose "Lenders and Banks" from the "Browse by Audience" drop-down menu under the heading "Search FSA" on the left-hand side of the page. This pulls up the 'Lenders & Banks" page; click on "Current Interest Rates" to find the interest rates for various USDA loan programs.

  3. Review the rates
  4. The information regarding rates is rendered in table format. The table shows the effective date of the interest rates and the current rates for Farm Operating-Direct, Farm Ownership Direct, Farm Ownership Direct Joint, Farm Ownership Down Payment, Emergency and Conservation loans. Of the different types, the Farm Ownership loan with a down payment option has the least amount of interest, as of 2015.

A USDA Farm Service Agency mortgage is guaranteed by the Commodity Credit Corporation, notes However, this government agency only protects the bank against principle loss for writing the actual mortgage, should the homeowner default on his home loan. Consumers who would otherwise be unable to meet a lender's normal underwriting requirements often qualify for USDA mortgages.