USDA Home Loan Requirements
USDA home loan requirements refer to the specific criteria that borrowers must meet in order to qualify for a mortgage loan guaranteed by the United States Department of Agriculture (USDA). These loans are designed to help low-to-moderate income families purchase homes in rural areas, and they offer a number of benefits, including low interest rates, no down payment requirements, and flexible credit guidelines.
USDA home loans have been around for decades, and they have helped millions of families achieve their dream of homeownership. In recent years, the USDA has made a number of changes to its loan requirements, making them more accessible to a wider range of borrowers. These changes include increasing the income limits for eligibility, expanding the definition of a rural area, and reducing the minimum credit score requirement.
