100% financing:
That’s right! This program offers 100% financing for qualifying members.
First time buyer friendly:
USDA Rural Loans can be used by first-time buyers and repeat home buyers alike.
No homeowner counseling required:
Unlike some other mortgage programs, the USDA program doesn’t require a homeowner counseling course to qualify.
Ability to prove creditworthiness, typically with a credit score of at least 640
Stable and dependable income
A willingness to repay the mortgage – generally 12 months of no late payments or collections
Adjusted household income is equal to or less than 115% of the area median income
Property serves as the primary residence
Property is located in a qualified rural area