USDA loans are unique because the program has eligibility requirements, in addition to normal mortgage qualifying standards. Most loans like Conventional, FHA, etc just require the borrower to qualify by meeting the standards in place for credit score, job history, debt ratios, etc. However, USDA Rural Housing has a few additional requirements regarding the actual location of the property and household income limits.

In the video below we explain the USDA approved property location map and how to look up a property address to check eligibility. We also discuss the USDA income calculator and how to determine if your household income is below the limit for the 502 Guaranteed Program.

USDA loans offer many great benefits, especially for borrowers with limited savings. The program still offers 100% financing with a secure 30 yr fix interest rates and government backing. This is especially helpful for first-time buyers who don’t have the 3%, 5% or 10% down payment often required by Conventional and FHA loans.

We are happy to assist homebuyers in many states including Florida, Georgia & Tennessee. Have questions or need assistance? Please connect with us 7 days a week by calling the number above, or just fill out the Info Request Form on this page.