USDA (United States Department of Agricutlture)
This loan product is for first time home buyers that meet both the income
and geographic restrictions of the program.
To check income and location:
General Criteria in addtion to the above (for primary homes only)
Minimum credit score is 580 with debt ratios not exceeding 29/41
Scores above 640 may be 33/45 with exceptions for extenuating compensation factors for scores over 680.
Cannot have owned a home in the last 3 years
May have seller contribution for closing costs
2% upfront guarantee fee
0.5% monthly fee
Program subject to buyer and property qualification. Program may change without notice.