A USDA loan offers flexible opportunities for property purchases, extending beyond just farms. You can use this loan to buy a condo, townhouse, or single-family home, provided the property is situated in a designated rural area and meets other eligibility criteria.
These loans are designed to promote homeownership in rural communities, making them an excellent option for a variety of housing types.
To learn more about the specific requirements and to see if your desired property qualifies, reach out to our knowledgeable loan officers. They can guide you through the process and help you take the next steps toward securing your new home.
Interest Rates Have Increased
Borrowers May Not Qualify
Due to DTI Calculation
Time To Consider
NO RATIO PROGRAM
No DTI calculation
No Income on Application
No Employment on Application
No Tax Returns
No W2s
No 1099
Only Required to Have
as low as 20% Down Payment
80% LTV = 720+ FICO - 12 Months Reserves
75% LTV = 680-719 FICO - 9 Months Reserves
65% LTV = 660-679 FICO - 9 Months Reserves
Funds for Down Payment
Closing Costs
Prepaid’s
Reserves
Primary Residence
Second Home
Purchase
Refinance
Minimum Loan $200,000
