USDA Loans

Fairway Independent Mortgage Corporation in Monroe, New Jersey can help you learn the requirements for USDA loans and determine your eligibility.  USDA loans are loans issued by the government, and often issued to those in rural areas, small communities and some areas just outside major metropolitin areas.


Call Pinky Shah's team at 732-845-1991 to check your eligibility for a USDA loan.


What is a USDA Loan?

USDA home loans, also known as rural development loans, are loans issued by the US goverment. To help families who may not quality for convential loans or have the same lending options as those in larger cities, the US government issues these loans through approved private lenders.

With a USDA loan, the family can borrow up to 100% of the home's appraisal, meaning no down payment is needed. The loan is set for a 30-year fixed rate home loan, and requires no mortgage insurance.

A USDA loan is a great option for families in smaller communities trying to find a way to buy a house.


To see if you pre-qualify for a USDA loan, contact Pinky Shah today at 732-845-1991.


Who is eligible for a USDA Loan?

According to USDA, to be elibible for a USDA loan, you must:

  • be a US Citizen, a US Non Citizen National or have a qualified Alien status
  • be at least 18
  • not own another house in the local area
  • occupy the home as your primary residence
  • be unable to get conventional loan that requires a 20% down payment


Income Guidelines for USDA Home Loans

There are income guidelines for USDA loans that vary by the area in which you're applying for the loan. To learn the guidelines for your desired area, please contact us at 732-845-1991 or email Pinky Shah!


    How do I apply for a USDA Loan?

    Fairway Independent Mortgage Corporation in Monroe, New Jersey is an approved lender and can help you secure a USDA loan. USDA loans are offered by lenders such as LeaderOne Financial who meet federal guidelines on lending.


    To determine if you pre-qualify for a USDA Loan, please complete our form online or call Pinky Shah at 732-845-1991.


    241 Forsgate Drive, Suite 204
    Monroe, New Jersey 08831


    Branch Licenses
    NJ License #254596 | Pinky Shah - NMLS # 254596 | Branch NMLS #2289
    Fairway Independent Mortgage Corporation Licenses

    NMLS #2289

    NEW JERSEY - Licensed Mortgage Banker - New Jersey Department of Banking and Insurance.

    Corporate Headquarters: Corporate address: 4801 S. Biltmore Lane, Madison, WI 53718, NMLS ID #2289 This advertisement does not constitute a loan approval or a loan commitment. Loan approval and/or loan commitment is subject to final underwriting review and approval.