USDA Loan Products
Financing for properties located in USDA-eligible rural areas.
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
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