What is an USDA Loan?

What is an USDA Loan?


We can help you get there.


I know you may not have heard of a USDA loan, and yes, as strange as it sounds, the Department of Agriculture does provide low-interest, no down-payment loans to qualified buyers.  They have certain requirements that I explain more in detail below.


With every loan applicants need to have stable and steady dependent income and a credit history that shows the ability and willingness to repay the loan.

Applicants with a credit score of 640 or higher are eligible for the USDA’s guaranteed underwriting system.  Applicants with a credit score below 640 may still be eligible and will need manual underwriting to approve the loan.

Just like other mortgage applications, the following will be reviewed:

  • Credit score
  • Repayment patterns
  • Credit usage
  • Length of credit history

Applicants without established credit may still qualify but will need to provide credit worthiness from other sources.


Stable verifiable income is a must including that the income is likely to continue.

Generally, lenders look for 2 years of consistent employment and will want 2 years of continuing employment and 2 years of income tax returns and of course want to see the last 30 days of your pay stubs.

Everything provided is examined on a case by case basis and I will explain this all to you when we speak.



This program was designed to assist those in rural areas purchase a residential home.  The good news in all of this is that their definition of rural is generous and includes suburbs in larger areas.  As a USDA lender I can help you determine eligibility.



Property requirements include:

  • The home must be used as the primary residence.
  • The site must have direct access to a street, road or driveway.
  • The property much have adequate utilities, water and wastewater disposal.

If you believe you may qualify for a USDA loan, let’s talk.  This is an excellent program for those who do qualify and I am here to help you make that determination.  Give me a call at 813-361-6350 and I will be happy to answer any questions that you may have.


Thomas Jefferson Speaks Words of Wisdom.






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