USDA Loan
For Rural and Suburban Homebuyers
- Government-backed mortgage loans that are designed to help eligible rural and suburban homebuyers achieve homeownership.
- These loans are offered by the United States Department of Agriculture (USDA) and are intended to promote economic development and improve the quality of life in rural areas by providing affordable housing opportunities.
- The availability of USDA loans may vary by location, so it’s essential to check the eligibility of both the property and the borrower with an approved USDA lender.
Requirements
- Mid-to-High Credit Score
- Income must meet eligibility requirements
- Location eligibility
- Mortgage Insurance
- Prospective Property must meet certain criteria and must be intended for primary residency purposes