We all know that there a ton of loan options available and trying to decide which one is the best for you can be tricky. One of the most overlooked loans are USDA Loans. A USDA Loan is a home loan insured by the United States Department of Agriculture. IT offers very low and competitive interest rates on home loans to borrowers with no down payment requirements. Also, USDA Loans offer affordable 30 year terms with 100% financing. That means no money down!

To be eligible for a USDA Loan, the home being purchased has to be located in an area deemed eligible by the USDA’s Rural Development department. We would be happy to help you figure out if you are eligible for a USDA Loan!

USDA Loan qualifications typically depend on household income caps, these are then segregated per county. Income caps also include the total household income and not just the person on the loan, but any person that will be residing in the residence. To put into perspective, the average income cap for total household income is about $78,200 a year for a household with one to four people. Once you have more than five people in the household, the income limit will go up dramatically. Typically, areas with higher median income will have higher limits – so be sure to give us a call to verify if your income meet the guidelines for the USDA Loan programs in your area.