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Your Latest Home Buying Guide
USDA Loans
The US Department of Agriculture provides loan programs to
persons who have a low to moderate income. The department
does this by guaranteeing loans issued by lenders. These guaran-
tees from the USDA allow a home buyer to get a home with 100%
financing.
USDA LOANS
Features Requirements
Down payment Zero
Credit Score No minimum but 640 is typically used
Insurance Up front fee of 1% and annual fee of 0.35%
Debt-to-income ratio Standard 41% but up to 44%
Income Vary by city, county and family size
Single-family homes
Planned Unit Developments (PUDs)
Eligible properties Condominiums/townhouses
2, 3, and 4-unit properties
Must be located in USDA designated area
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