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Mortgage Broker Blacksburg, Marion & Abingdon VA | Virginia Home Loans

We are a locally owned and operated mortgage company licensed to provide services throughout the state of Virginia, but we mainly serve Southwest Virginia. Our offices are in Blacksburg, Marion and Abingdon.

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(540) 838-5868

USDA Loans

Today’s USDA Loan RatesApply Now

What is a USDA Home Loan

The USDA Rural Development home loan program is for first-time homebuyers and move-up buyers in Virginia. A USDA loan is a 100% home loan on a 30 year fixed rate with zero down payment required. USDA loans are for borrowers in USDA designated rural areas that are at or below the moderate income which is determined by the area the property is located. USDA is very broad on their definition of rural so many suburban areas in Virginia qualify for a USDA loan. To be eligible for a USDA loan, applicants must meet the basic eligibility requirements set forth by the USDA, which cover credit, income, property usage, and home location. Single-family homes, townhouses, and condos are all eligible for a USDA loan. USDA charges an upfront fee, which can be financed into the loan, and a monthly fee to guarantee the loan, this allows borrowers to get 100% loan on a 30 year fixed rate that is often lower than a conventional loan.

If you currently own a home you may still be eligible for a USDA loan. If your current home is going to be sold before closing on the new home then you may still be eligible for a USDA loan. We can help you determine if the home needs to be sold before you purchase your new home.

If your shopping for a USDA loan, we’d love to help; we offer USDA home loans in Virginia including Christiansburg, Radford, Marion, Abingdon, Wytheville, and the surrounding areas.

Benefits of a USDA Home Loan

100% Financed Mortgage, No Money Down

USDA Loans monthly mortgage insurance premiums are 41% lower than a comparable FHA Loan

USDA’s upfront fee is 57% lower than FHA

Flexible Credit Requirements

30 Year Fixed Rate Mortgage

No Maximum Loan Amount

With Seller Paid closing costs up to 6% of the sales, No Out-Of-Pocket Closing Costs

Easier credit qualifications

USDA property requirements

USDA’s goal is to provide safe and sanitary housing for low to moderate-income households. To meet this goal, USDA sets basic property requirements that protect homebuyers. The appraiser is assigned the responsibility to make sure the property meets these requirements.

The home must be used as the homebuyer’s primary residence

The site must have direct access to a street, road or driveway

The property must have adequate utilities and water and wastewater disposal

A USDA loan cannot be used to purchase an income-producing property.

Safety issues such as broken glass, exposed wires, 2 or more steps without handrails, and chipping paint must be corrected before closing.

Water and power must be functional

Example of a 100% Home Loan Payment

Based on a $150,000 Loan, 30 Year Fixed Rate of 4.5%

Principle and Interest $760

Home Owners Insurance $50

Real Estate Taxes $110

Mortgage Insurance $44

Total Monthly Payment $964

Do You Qualify for a USDA Loan in Virginia?

Some Key criteria you must meet in order to be eligible:

Must be below the income limit set by USDA, in most of Southwest Virginia the income limit is $82,700 for 1-4 household members and $109,150 for households of 5 or more.

The Property must be located in an eligible area, however, most homes in southwest Virginia are eligible for a USDA loan other than homes located in the cities of Bristol, Salem, Roanoke and the Town of Blacksburg.

The Property must meet USDA requirements.

620 or higher credit score.

Insufficient funds to pay a 20% down payment plus closing costs.

Must not own or you must sell any other homes, some exceptions apply.

With offices in Blacksburg, Marion, and Abingdon we provide home loans in Virginia including Christiansburg, Roanoke, Wytheville, Bristol, and the surrounding areas.

Apply Now for a USDA Loan

Apply Now

Have questions about a USDA loan?

Contact Us

Jason H.
4 months ago
Highly recommend. Excellent rates and reasonable fees, quick responses to questions, helped overcome a couple small complications, overall a very smooth process.
Joe S.
1 year ago
I cannot say enough positive things about Josh Rowland and his wife Jessica. My family and I went through one of the most stressful and chaotic events all in the middle of trying to purchase a home 700 miles away. They not only were professional at every step, but compassionate at every step as well. They fought for us with their diligence and resolve. I am forever grateful for their work, help, and friendship. 100% RECCOMEND. God bless their future endeavors!
Christi S.
3 years ago
Absolutely wonderful experience. Ryan Hall (and team) have gone above and beyond at every point. He's responded quickly, explained clearly, and even managed to get us pre-approved when a competing lender couldn't. Ryan is easy to talk to and a joy to work with. Definitely will recommend this office any chance I get.
Mo R.
4 years ago
You don't even feel the mortgage process up&down if you work with Ryan and his team, the best experience. Thanks so much Ryan for your support and help cause that made the home buying so smooth. Highly highly recommend them. 5 out 5 for sure.
Katherine P.
4 years ago
We worked with Brian Hall to get our mortgage and it was beyond my expectations! We originally had gotten a preapproval amount and interest rate quote from another lender; our realtor Brian Mchone had recommended First Residential Mortgage to us, but I didn't think we would get a lower interest offer. Ryan reached out to me with an interest offer a whole percent lower than we were quoted from the other company! That difference was enough that when we found our dream home, we were able to get our offer in and keep our monthly payment within our budget! A LOT of paperwork was required to be submitted, but it was well worth it! Ryan was available every step of the way if I had questions or clarifications. He and my realtor communicated flawlessly and the whole experience felt well handled. We were able to submit all of this online and it was very easy to use the online submissions. My husband is a veteran and we used the VA Home Loan, Ryan was well versed in working with the VA Home Loan service. All and all, I can not say enough good things about First Residential Mortgage and Ryan Hall made the stressful experience of buying a home a much easier one!
Chase B.
5 years ago
Ryan did a great job getting us the best rate he could. He made sure we understood everything every step of the way and was very quick to answer any questions we had, be that via email or calling.
Mark J.
5 years ago
Excellent customer service from start to finish. Ryan did a great job of explaining the whole process and keeping us up to date at every step of the way. Would not hesitate to recommend him to family and friends.
Tori Z.
5 years ago
My husband and I worked with Ryan on securing a mortgage as we bought our first home. Ryan was helpful and would answer our questions promptly and used videos and screen sharing to make sure everything was clear. We had shopped around at a few different mortgage and First Residential Mortgage offered the best rate to us. I would definitely recommend using First Residential Mortgage.
Brandon T.
5 years ago
Ryan and the folks at First Residential Mortgage made the process of refinancing our home seamless and quick. Took less than 30 days from the time someone recommended me to Ryan’s team to closing. The application process was easy, Ryan looked out for us all along the way and got us a great interest rate, and we were able to pay off a $30k car while maintaining almost the exact same monthly mortgage payment we had been making previously. Can’t say enough good things about them!
Cirillo- D.
5 years ago
Great to work with, wonderful staff and a very rate.
Maaz G.
5 years ago
Ryan Hall and his team are absolutely fantastic to work with. We were first time home buyers. Thanks guys!
Mike B.
5 years ago
Great experience. Easy to work with. Answered all my questions.
Tommy B.
5 years ago
Ryan was great to work with. We ran in to several issues along the way with the sellers and our income but he did everything in his power to make the process as smooth as possible and to make sure we were able to get the loan we wanted.
John B.
5 years ago
Ryan was very professional, yet very responsive to our questions as we moved forward through the process of signing documents. Ryan makes these video where he explains what is happening and what to expect that made it easy the home loan understand. Ryan's insight on how to approach the sellers with our offer and make it more attractive were invaluable. I highly recommend Ryan for all Veterans and others seeking a loan professional's help. You won't be disappointed. Thanks again Ryan.
Barrett I.
5 years ago
Ryan Hall is great to work with. He is very knowledgeable and was always available for any questions that we had throughout our refinance. I highly recommend his services.
Sloop S.
5 years ago
Robin L.
5 years ago
I had a great experience with Ryan and team at First Residential. The communication through the entire process was excellent. I will definitely be working with Ryan again in the future.
Andrew D.
5 years ago
The folks at First Residential are exactly what you're looking for. They are professional, patient, fast, and thorough on every front. It felt like I had good friends walking me through the process, who always had time to answer any questions I had, fight for good rates for me, and to be excited for my family. I HIGHLY recommend you use them. I know I will be for every mortgage need I ever have again.
Payne B.
5 years ago
I purchased a duplex investment property with the help of First Residential Mortgage. The process was quick and easy and if I had any questions the team in Blacksburg was quick to help. When I was searching for the best interest rate Ryan was by far the lowest even in a very competitive/busy market. I will be using First Residential Mortgage again on future investment properties as well as personal residence. I highly recommend giving them a call!
Stephan C.
5 years ago
We used this business to assist us in finding a mortgage. Ryan made sure to keep us informed in all aspects of this process. He was very professional and knowledgeable.
Kaylee R.
5 years ago
Mark C.
5 years ago
Ryan is a great wonderful person that seamlessly works with you to achieve your mortgage goals. He and his team are professional, through, and really make the experience very easy. They do a great job at First Residental Mortgage
Kaitlyn M.
5 years ago
Great experience. We are now first time home owners! They answered all of our questions and explained the whole process very thoroughly. Really cannot recommend Ryan and his team enough, it was really an enjoyable process working with them
El A.
5 years ago
Great people, they helped me every step of the process and kept me up to date on any changes. Would definitely recommend!
Dietrich L.
5 years ago
It was awesome working with Ryan and his team, super knowledgeable, walked me through the whole process, weighed the pros and cons of different options, easy all-digital process, answered questions insightfully, and gave me the best rate I could find. Thanks Ryan!
Jason H.
4 months ago
Highly recommend. Excellent rates and reasonable fees, quick responses to questions, helped overcome a couple small complications, overall a very smooth process.
Joe S.
1 year ago
I cannot say enough positive things about Josh Rowland and his wife Jessica. My family and I went through one of the most stressful and chaotic events all in the middle of trying to purchase a home 700 miles away. They not only were professional at every step, but compassionate at every step as well. They fought for us with their diligence and resolve. I am forever grateful for their work, help, and friendship. 100% RECCOMEND. God bless their future endeavors!
Christi S.
3 years ago
Absolutely wonderful experience. Ryan Hall (and team) have gone above and beyond at every point. He's responded quickly, explained clearly, and even managed to get us pre-approved when a competing lender couldn't. Ryan is easy to talk to and a joy to work with. Definitely will recommend this office any chance I get.
Mo R.
4 years ago
You don't even feel the mortgage process up&down if you work with Ryan and his team, the best experience. Thanks so much Ryan for your support and help cause that made the home buying so smooth. Highly highly recommend them. 5 out 5 for sure.
Katherine P.
4 years ago
We worked with Brian Hall to get our mortgage and it was beyond my expectations! We originally had gotten a preapproval amount and interest rate quote from another lender; our realtor Brian Mchone had recommended First Residential Mortgage to us, but I didn't think we would get a lower interest offer. Ryan reached out to me with an interest offer a whole percent lower than we were quoted from the other company! That difference was enough that when we found our dream home, we were able to get our offer in and keep our monthly payment within our budget! A LOT of paperwork was required to be submitted, but it was well worth it! Ryan was available every step of the way if I had questions or clarifications. He and my realtor communicated flawlessly and the whole experience felt well handled. We were able to submit all of this online and it was very easy to use the online submissions. My husband is a veteran and we used the VA Home Loan, Ryan was well versed in working with the VA Home Loan service. All and all, I can not say enough good things about First Residential Mortgage and Ryan Hall made the stressful experience of buying a home a much easier one!
Chase B.
5 years ago
Ryan did a great job getting us the best rate he could. He made sure we understood everything every step of the way and was very quick to answer any questions we had, be that via email or calling.
Mark J.
5 years ago
Excellent customer service from start to finish. Ryan did a great job of explaining the whole process and keeping us up to date at every step of the way. Would not hesitate to recommend him to family and friends.
Tori Z.
5 years ago
My husband and I worked with Ryan on securing a mortgage as we bought our first home. Ryan was helpful and would answer our questions promptly and used videos and screen sharing to make sure everything was clear. We had shopped around at a few different mortgage and First Residential Mortgage offered the best rate to us. I would definitely recommend using First Residential Mortgage.
Brandon T.
5 years ago
Ryan and the folks at First Residential Mortgage made the process of refinancing our home seamless and quick. Took less than 30 days from the time someone recommended me to Ryan’s team to closing. The application process was easy, Ryan looked out for us all along the way and got us a great interest rate, and we were able to pay off a $30k car while maintaining almost the exact same monthly mortgage payment we had been making previously. Can’t say enough good things about them!
Cirillo- D.
5 years ago
Great to work with, wonderful staff and a very rate.
Maaz G.
5 years ago
Ryan Hall and his team are absolutely fantastic to work with. We were first time home buyers. Thanks guys!
Mike B.
5 years ago
Great experience. Easy to work with. Answered all my questions.
Tommy B.
5 years ago
Ryan was great to work with. We ran in to several issues along the way with the sellers and our income but he did everything in his power to make the process as smooth as possible and to make sure we were able to get the loan we wanted.
John B.
5 years ago
Ryan was very professional, yet very responsive to our questions as we moved forward through the process of signing documents. Ryan makes these video where he explains what is happening and what to expect that made it easy the home loan understand. Ryan's insight on how to approach the sellers with our offer and make it more attractive were invaluable. I highly recommend Ryan for all Veterans and others seeking a loan professional's help. You won't be disappointed. Thanks again Ryan.
Barrett I.
5 years ago
Ryan Hall is great to work with. He is very knowledgeable and was always available for any questions that we had throughout our refinance. I highly recommend his services.
Sloop S.
5 years ago
Robin L.
5 years ago
I had a great experience with Ryan and team at First Residential. The communication through the entire process was excellent. I will definitely be working with Ryan again in the future.
Andrew D.
5 years ago
The folks at First Residential are exactly what you're looking for. They are professional, patient, fast, and thorough on every front. It felt like I had good friends walking me through the process, who always had time to answer any questions I had, fight for good rates for me, and to be excited for my family. I HIGHLY recommend you use them. I know I will be for every mortgage need I ever have again.
Payne B.
5 years ago
I purchased a duplex investment property with the help of First Residential Mortgage. The process was quick and easy and if I had any questions the team in Blacksburg was quick to help. When I was searching for the best interest rate Ryan was by far the lowest even in a very competitive/busy market. I will be using First Residential Mortgage again on future investment properties as well as personal residence. I highly recommend giving them a call!
Stephan C.
5 years ago
We used this business to assist us in finding a mortgage. Ryan made sure to keep us informed in all aspects of this process. He was very professional and knowledgeable.
Kaylee R.
5 years ago
Mark C.
5 years ago
Ryan is a great wonderful person that seamlessly works with you to achieve your mortgage goals. He and his team are professional, through, and really make the experience very easy. They do a great job at First Residental Mortgage
Kaitlyn M.
5 years ago
Great experience. We are now first time home owners! They answered all of our questions and explained the whole process very thoroughly. Really cannot recommend Ryan and his team enough, it was really an enjoyable process working with them
El A.
5 years ago
Great people, they helped me every step of the process and kept me up to date on any changes. Would definitely recommend!
Dietrich L.
5 years ago
It was awesome working with Ryan and his team, super knowledgeable, walked me through the whole process, weighed the pros and cons of different options, easy all-digital process, answered questions insightfully, and gave me the best rate I could find. Thanks Ryan!