The US Department of Agriculture created this home loan to support rural development, and to assist lower income households in achieving homeownership.
“Providing affordable homeownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas.” –usda.gov
A common misconception is that USDA loans only apply to remote rural and farming areas. In fact, eligible areas are based on town and city population numbers, and you may be surprised to find that the home you are looking at is located within USDA designated boundaries.
Like all home loans, USDA loans have eligibility requirements and guidelines. Our experienced Loan Officers will help you determine geographic and income/credit eligibility, and guide you through the USDA home loan process.