Rural Housing / USDA made some recent adjustments to the allowable household income limits. The new income increase will stay in effect through 2018 and open up the program eligibility to even more home buyers. For buyers that … [Read more...] about New 2018 USDA Rural Housing Income Changes
USDA Home Loan
USDA Rural Housing loans have two primary requirements buyers should know about. One is the amount of income a household may earn in order to qualify. The USDA loan income requirements are based upon the number of wage earners in … [Read more...] about How Does USDA Determine Eligible Areas?
The USDA home loan is one of the three current government-backed home loans. The other two are the VA loan and FHA program. They’re all considered government-backed because each provides some level of backing should an individual … [Read more...] about USDA Home Loan Process
It might sound a bit funny that the United States Department of Agriculture oversees a home loan program but it does, but why? The USDA loan does have a long history and has been referred to by other names over the years but today … [Read more...] about USDA Rural Housing Loan Background
Most USDA loans today require for a minimum credit score of 620 for approval. While that number isn’t a universal guideline most lenders and banks require this minimum. Some may even require slightly higher score of a 640. That … [Read more...] about USDA Loans and Credit Scores