Banner Image

USDA Loans

Buying a home in a rural area is cheaper and more accessible with USDA loans.

USDA Loans offer up to 100% financing to those with
qualifying incomes in designated USDA areas. They are
USDA guaranteed, allowing for lower interest rates and lower
down payments as compared to a Conventional Mortgage.

What are the qualifications of a USDA Mortgage?

  • The home must be your primary residence
  • A monthly payment — including principal, interest, insurance and taxes — that’s 29% or less of your monthly income. Other monthly debt payments you make cannot exceed 41% of your income
  • Dependable income, typically for a minimum of 24 months
  • An acceptable credit history, with no accounts converted to collections within the last 12 months, among other criteria. If you can prove that your credit was affected by circumstances that were temporary or outside of your control, including a medical emergency, you may still qualify