Spend no money out of pocket with a USDA loan.

How to purchase a home with no money out of pocket.

 You heard us correctly, with a USDA loan you can purchase a home without spending a penny out of pocket.

How a USDA Loan works:

USDA loans are like any other government backed loan. USDA guarantees the loan in case of default by the borrower, allowing the lender to assume less risk. USDA sets the guidelines the lenders need to follow. Individual lenders might have different guidelines, like different credit score requirements. The USDA guidelines don't call for any specific credit score. But finding a lender willing to take on a credit score of 500 will be nearly impossible.

This is what is needed in order to qualify for USDA. 

  1. Ability to prove income.
  2. A middle credit score of at least 620.
  3. The home being purchased has to be in a USDA eligible area.
  4. The household income has to be within USDA guidelines.
These USDA guidelines can be found by clicking on the following link. There are different income requirements for different counties, so make sure you do your research.


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