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USDA Loans

A USDA Loan is a mortgage loan whose guidelines are set by the US Department of Agriculture. The loans are designed to make home buying more affordable for families in rural areas with moderate to low income, or areas where there is a lack of adequate housing supply and/or an inadequate number of borrows who can afford to live there.

To be eligible for a USDA Loan, your area must be designated as rural by the USDA’s Housing and Urban Development (HUD) branch or by your state government. You will also meet requirements if you’re planning to buy property in certain targeted areas that have been determined to have problems with access to affordable housing.

USDA loans doesn’t have a fixed credit score requirement, but generally a minimum credit score of 640 will get approval through the USDA’s automated loan underwriting system.

To find out more about this type of mortgage and whether you’re eligible for one, contact us today!

Kenneth Travis Loan Officer

Kenneth Travis

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