USDA LOANS
What is a USDA Loan?
USDA loans are backed by the U.S. Department of Agriculture as part of its USDA Rural Development Guaranteed Housing Loan program. USDA loans are available to low-to-moderate-income home buyers who are purchasing a home in a USDA-eligible area.
- No down payment, 100% financing
- Extremely low interest rates
- Low monthly mortgage insurance
Qualifying Requirements:
- Purchase a home in a USDA-eligible area USDA Property Eligibility
- Minimum score of at least 640
- Meet the income limits for the area, equal or less than 115% of median income in the area
- Occupy the dwelling as a primary residence
- Be a U.S. citizen, U.S. non-citizen national or qualified alien