Archive for October 2022

To get approved for a USDA loan, there are eligibility requirements a borrower must meet. In addition to the typical mortgage approval requirements such as income and credit score verification, eligibility is also based on a combination of household size and geographic location.  USDA loan income limits are set at 115% of your area median…

USDA Loans are low interest rate and no down payment mortgages for eligible rural homebuyers. This program is ideal for low income borrowers who can’t get a traditional mortgage.  When it comes to a government-backed loan such as a USDA loan, you can expect strict requirements a borrower must meet. For example, you will need…