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Easy Financing for Rural Homes with USDA Loans

USDA (U.S. Department of Agriculture) loans can be a great option for purchasing or refinancing a home in a rural area and for borrowers who may not have the funds for a sizable down payment. As a government-backed mortgage, USDA loans offer more lenient qualification guidelines than conventional loans. There are no strict income limits or down payment requirements and they offer competitive interest rates. Qualifications are based on your ability to repay the mortgage, with more flexible income and credit requirements than conventional loans, making financing accessible for rural borrowers.
I'd like to purchase
I'd like to refinance

How to get a USDA Loan

Start by sharing basic financial information such as income, assets, debts, and credit history. Applicants can then discuss with a loan officer if a USDA loan fits their needs and qualifications.

As the application moves forward, we explain the loan terms, eligibility criteria, and documentation required.

We’re with you each step of the way to make the financing process smooth and efficient.

USDA Loan Requirements

  • Income history demonstrates that you can reasonably afford mortgage payments.
  • Credit score minimum of around 640.
  • The home must pass an appraisal verifying it’s decent, safe, and sanitary.
  • Property must be located in an eligible rural area according to the USDA eligibility map.
  • Information on the property’s taxes and insurance is needed to determine overall costs.

USDA Loan FAQs

How do you pre-qualify for a USDA loan?

To pre-qualify for a USDA home loan, you’ll need to demonstrate you can repay the mortgage, have a minimum credit score of around 640, select a home in an eligible rural area that passes inspection, and provide documentation.

What is the income limit for USDA loans?

USDA loans do not have strict income limits like other government mortgage programs. Rather than caps, applicants must demonstrate a reliable income history and the ability to reasonably repay the loan.

What credit score do you need for a USDA loan?

USDA loans have flexible credit score requirements, typically looking for a minimum score of around 640. Rather than a hard cut-off, your entire credit history is reviewed holistically to assess your overall creditworthiness.

What is the required debt-to-income ratio for USDA loans?

For a USDA loan, your total monthly debt payments, including the new mortgage, should be less than 29% of your gross monthly income. This debt-to-income ratio of 29% or lower demonstrates you have the capacity to manage the mortgage payments along with your other financial obligations.

USDA Loan Benefits

100% financing—no down payment

Low interest rates

Lenient credit requirements

Low monthly mortgage insurance

30+ year fixed rate terms

For first-time and repeat buyers

Loans to build a home

No maximum income limits

Rural location focus

GET STARTED
Are you ready to speak with someone right now? Call us at (855) 476-5870.
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