USDA loans are government-backed mortgages aimed at helping low- to moderate-income individuals purchase homes in designated rural and suburban areas. These loans offer several benefits, including no down payment requirement, competitive interest rates, and relaxed credit standards. To qualify, borrowers must meet certain income limits and the property must be located in an eligible rural area as defined by the U.S. Department of Agriculture. USDA loans are particularly beneficial for those seeking affordable homeownership opportunities outside urban centers.