Key figures.
- Score from
- 620
- Purchase, primary residence
- LTV up to
- 100%
- Purchase, primary residence
- Loans to
- By income eligibility
Limits by transaction.
Score · LTV · Loan in each cell, with the tier each needs beneath.
| Transaction | Primary residence |
|---|---|
| Purchase | 620+ score100% LTVloans to By income eligibility |
| Rate/term | 620+ score100% LTVloans to Existing balance plus interest, fee and closing costs |
| Streamline (credit qualifying) | 620+ score100% LTVloans to Existing balance plus guarantee fee |
What to know.
- Purchase LTV
- Up to 100%Eligible location and household income required; some new-construction loans are limited to 90%.
- Minimum FICO
- 620Below 640 requires additional analysis and documentation.
- Minimum loan
- $75KLoan eligibility depends on income and program requirements.
- Occupancy
- Primary residenceProperty must be in a USDA-eligible location.
- Income review
- Household & qualifying incomeCheck area eligibility and repayment ability separately.
- Terms
- 30-year fixedNo ARMs or temporary buydowns under this guide.
- Ways to qualify
- Full docNot offered: bank statements, P&L only, WVOE only, asset utilization, DSCR, ITIN and foreign national.
Documents.
Other programs.
Compare with
- GovernmentUSDA Streamline AssistRefinancing for existing USDA Guaranteed borrowers
- Score
- 620+
- LTV
- Not applicable
- Loan
- Existing balance plus eligible costs
- GovernmentFHAPrimary-home financing with flexible down-payment options
- Score
- 500+
- LTV
- 97.75%
- Loan
- County limit
- ConventionalHome PossibleFreddie Mac’s affordable-lending option
- Score
- Per AUS
- LTV
- 97%
- Loan
- $1,625,350
Questions brokers ask.
Is property eligibility the only test?
No. Household income, borrower eligibility and the ability to qualify for conventional financing are also part of the program review.
Can an existing USDA borrower refinance?
There are USDA refinance paths, including a separate Streamline Assist matrix. Select the applicable refinance program and review its benefit and seasoning requirements.
Your next borrower. Our next conversation.
Bring us your next USDA loan.
Send the scenario, ask JMAC a question, or get set up with your lending team.