Who it is for
- The home is in a USDA-eligible area. We look the address up. We do not guess from a ZIP code slogan.
- Your household income is within the limit for that area.
- You will live in the home, and you may have little cash for a down payment.
How it usually works
- We check the address and the income limit before we build the rest of the file.
- Eligible buyers often put no money down. A guarantee fee still applies, upfront and annually.
- Credit and property standards are the lender’s and USDA’s, not a blank check.
Read this before you get attached
- A house five minutes outside the map can be ineligible.
- Income limits include household members, not only the people on the loan.
- The guarantee fee changes the payment. Include it when you compare with FHA or conventional.
Questions worth asking
- Is this exact address eligible today?
- Whose income counts toward the limit?
- What are the upfront and annual guarantee fees on this quote?