USDA loans, also known as Rural Development loans, are mortgage loans backed by the U.S. Department of Agriculture. They are designed to help eligible homebuyers purchase a primary residence in qualifying rural and suburban areas. Both the property location and the borrower's household income must meet USDA eligibility requirements.
USDA loans are designed for eligible borrowers purchasing a primary residence in a USDA-qualified area. Eligibility is based on both the borrower and the property.
Borrowers generally must meet USDA requirements for household income, credit, and the ability to repay the loan. The home must also be located in an eligible area and used as the borrower's primary residence.
USDA income limits vary based on household size and location, and property eligibility is determined by the home's specific address. A home does not necessarily need to be in a remote or agricultural area to qualify—many communities outside major urban areas may be USDA-eligible.
At @Home Mortgage, we can help you determine whether both you and the property you're considering meet USDA Rural Development guidelines.
