USDA Loan
This option is guaranteed by the United States Department of Agriculture and perfect for rural homebuyers.

It provides affordable financing options for properties located in designated small towns, suburbs and exurbs.
H I G H L I G H T S O F A
USDA Loan
List of Services
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List Item 1
+ Low credit score requirements (FICO)
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List Item 3
+ Gift funds can be used for closing costs
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+ 100% financing plus a required guarantee fee = 102% of the appraised value of the home
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+ 30-year, fixed rate mortgage
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+ Low closing costs
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+ Low interest rates
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+ No down-payment required
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+ More flexible credit scores
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+ No Private Mortgage Insurance (PMI)
General Framework Requirements
Property must be in a USDA designated rural area
Property must be in a USDA designated rural area
Cannot exceed the maximum USDA loan limit (limits vary based on location)
Cannot exceed the maximum USDA loan limit (limits vary based on location)
Income eligibility requirements vary of the median income for the area, to view more information visit USDA income limits
Income eligibility requirements vary of the median income for the area, to view more information visit USDA income limits
Must have the financial capability to cover the mortgage payment, including property taxes, homeowners insurance and the annual guarantee fee payable on a monthly basis
Must have the financial capability to cover the mortgage payment, including property taxes, homeowners insurance and the annual guarantee fee payable on a monthly basis
Minimum credit score of 580 (FICO)
Minimum credit score of 580 (FICO)
