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USDA Guaranteed Home Loans

What is a USDA Guaranteed Home Loan?

For borrowers looking to buy in rural areas.

Meant for low to moderate income families; $91,900 (up to $121,300) total household income. Dependent and Family size and Childcare Adjustments.


Benefits:

  • 0% Down Payment

  • Low Mortgage Insurance

  • High Seller Paid CC

  • Downsides:

  • Must have Great-Excellent Credit or Reserves

  • Property must be in eligible area

  • Minimum Credit Score

    580

    USDA Direct Home Loans

    What is a USDA Direct Home Loan?

    For borrowers looking to buy in rural areas.

    Meant for low to moderate income families; $91,900 (up to $121,300) total household income. Dependent and Family size and Childcare Adjustments.


    Benefits:

  • 0% Down Payment

  • Low Mortgage Insurance

  • High Seller Paid CC

  • Monthly subsidy for payment assistance

  • Downsides:

  • Must have Great-Excellent Credit or Reserves

  • Property must be in eligible area

  • Recertify every 2 years

  • Minimum Credit Score

    640