Windsor, Colorado USDA Loans – Zero Down Mortgage Program


What is a USDA Loan?

A USDA loan is a zero down residential mortgage program intended for rural areas in the United States. The purpose of the program is to encourage home ownership in rural areas with lower populations.


Great news! Most properties located in Windsor, CO are eligible for USDA financing. There is a lot of new construction going on so we’re not able to pull up some of the new properties but it does look like the entire City of Windsor qualifies for USDA. Please contact us if you have questions or would like to get approved. There is no cost to apply and we do not charge application or credit report fees.


windsor CO USDA loans


What are the benefits of a USDA loan?

• 100% No Money Down Home Loans. No need for down payment assistance or other grant programs.

• Very Competitive Interest Rates. More competitive than conventional loans.

• Backed and Secured by the Federal Government.

• Low Monthly Mortgage Insurance Compared to FHA or other Conventional Loans.

• Purchase and Refinance. Buy a new home or refinance your current home.

• Fixed secured loans – 30 year or 15 year fixed rate loans.

• No Maximum Loan Amount!


How to Qualify for a USDA Loan?

• Income limits are based on County. Windsor is located in Larimer County so household income needs to stay below these limits. 

$97,900 Maximum Yearly Income for 1-4 person household

$129,250 Maximum Yearly Income for 5+ person household


• Credit Score must be 620+. No exceptions to this rule. We use the middle score of all borrowers applying for the mortgage. If you are unsure of what your credit score is, please reach out to us and we can access your credit report together.

• Must occupy the home as your primary residence. Cannot be used as investment purchase. 

• Minimum Loan Amount $50,000 / No maximum Loan Amount – This means you can purchase any home above $50,000 as long as your income allows it. 


USDA Eligible Properties

• Single Family Homes

• New construction

• Duplex

• HUD approved Condos

• Town homes

• HUD approved Manufactured  homes / Must be on a permanent foundation

• No land loans. Must have a property in place. 


Why choose us as your USDA lender? 

• We have very low mortgage rates. We offer some of the most competitive mortgage rates in the State. 

• Cover your closing costs. Why is this important? Even though USDA is 100% financing, we still need to deal with closing costs. Sometimes closing costs can be covered by the seller but in some cases the seller will refuse. We have the ability to give you a lender credit to help pay for some or all your closing costs. This is done by giving you a lender credit in return for a slightly higher interest rate. In reality, our rates are so low that even if you want us to cover the closing costs and take a higher interest rate, we will still be extremely competitive compared to other major banks or Credit Unions. 

• We’re a local Denver lender who is familiar with Colorado mortgage guidelines and regulations. We close purchase loans in less than 30 days.  


Eligibility links

Use the links below to see if you’re eligible for a USDA loan. You can also contact us and we can assist you with your questions and guide you through the process.


USDA Income Eligibility Calculator
USDA Property Eligibilty Map
Colorado USDA Website


USDA vs FHA vs Conventional(Which is better)


  1. FHA requires 3.5% down payment / USDA does not require a down payment.
  2. Although FHA and USDA rates are very similar, USDA has much lower monthly and upfront mortgage insurance. That means your monthly payment will be lower and you will pay a smaller upfront government fee. On a $200,000 home purchase, your USDA payment would be about $50 less. You would also save about $1500 in upfront mortgage insurance fees which will lower your closing costs.
  3. USDA loans do not have any maximum loan amounts. FHA loan amounts are limited based on individual counties.
  4. FHA loans do not have limitations on location but USDA is limited to USDA eligible areas only.
  5. USDA are more difficult to qualify for regarding income and credit. For example, we can do an FHA loan with a 580+ credit score but USDA requires 620+.
  6. USDA mortgage do have household income restrictions. FHA loans have no income limits.
  7. Conventional loans might offer better terms if buyer has a high credit score and large down payment. 


If you’re looking to purchase a home in Windsor, USDA may be a great option as long as your credit score is above 620 and your income is sufficient to qualify. Give us a call if you have any other questions or would like to get approved before you start looking at homes.


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