Current USDA Mortgage Rates

See Today’s USDA Mortgage Rates!

If you are buying a home or refinancing a USDA Mortgage, rates are very important to be aware of. USDA mortgage rates change each day and sometimes multiple times each day – so get your real-time USDA rate information right here for a number of different lenders in your area. Adjust the settings below for loan amount and click multiple lenders to shop for their best rates and fees.

Research has proven that people who shop for multiple rate quotes get the better deals on their mortgage! Take the time to speak with multiple lenders who can help you get the best rates on a USDA loan today.

Quoting a Rate vs. Locking a Rate

When you first talk to a lender, the loan officer will often “quote” you a rate. This may or may not be the final rate that you end up with – it all depends on the rate that you “lock” with the lender. The most common time that lenders let you lock your rate in with them is after they have all of your paperwork in and can be sure that you are eligible for the loan program you have applied for. So just because a lender may quote you a super-low rate – that doesn’t mean that is the rate that you will lock in at. This is something that you will for sure want to ask your lender about when you first speak with them. Be sure to ask the loan officer “at what point can I lock my rate in so I know what rate I am getting?”

USDA Mortgage Rates: Shop Lenders For The Best Deal

The easiest way to get the best rate on a USDA mortgage is to shop multiple lenders. Each lender will set their own rates (USDA doesn’t set the rates, each individual lender does) so by shopping around you can give yourself the best chance to get the best rate. Also, most lenders will allow their loan officers to set the rate for the customer – so just by shopping the same lender it is possible that you could get two different rates – from the same lender!

Shopping for the best USDA mortgage rates is easy, only takes a few seconds and there is no obligation. Be sure to get your USDA loan quote in writing and get multiple quotes from multiple lenders where possible. Get the best USDA rate by being smart – and shopping around!