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USDA Loan Products

Financing for properties located in USDA-eligible rural areas.

USDA

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  • 102% maximum loan to value including financed guarantee fee

  • Closing costs may be financed up to 100% of the appraised value

  • Lower guarantee fees than FHA MIP

  • No cash reserves required

  • FICOs from 620



 


USDA Assist

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  • No DTI qualification or ratio restriction

  • Non-credit qualifying – only mortgage rating is verified.

  • No appraisal needed

  • Mortgage only credit report accepted

  • Closing costs may be financed

  • Only requires a $50 reduction in mortgage payment for net tangible benefit