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    awful Credit Score:

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USDA Home Loans Start Here

No Money Down + 30 Year Fixed Rate + Flexible Credit Terms

Do I Qualify?

We make qualifying for a USDA home loan simple.

Do I Qualify?

The following is a brief summary of the USDA underwriting guidelines which are commonly practiced in Washington State. Lenders will need to determine that your credit is decent and that you can afford a monthly mortgage payment before issuing loan approval. To get pre-approved for USDA home loan contact the USDA Mortgage Group today.

Income Eligibility:

  • The USDA Home Loan Program was created for moderate to low income families.
  • Maximum Income Limits are determine by the area in which the house in located.
  • The USDA calculates household income, meaning that underwriters will add up the total income of each member residing in the subject property, not just the income of the borrower and co-borrower. If your household income is above the maximum income limit you will not be eligible for a USDA mortgage.
  • Borrowers must have steady and verifiable income to qualify
  • Self-Employed borrowers are also eligible.

Credit Eligibility:

  • Upon request, we will conduct a detailed review of your credit history to determine if you qualify.
  • The minimum required credit score is 620.
  • The USDA Program has flexible credit requirements. Don’t be discouraged from applying even if you have a few negative items on your credit report.
  • USDA home loans also allow for Bankruptcies and Foreclosures if they occured more than 3 years ago.

Property Eligibility:

  • The subject property must reside within the USDA’s rural lending area.
  • Must be the borrower’s primary residence.
  • Other restrictions may apply. (pools, land size, secondary structures)

Benefits of using a USDA Home Loan:

  • No Down Payment Required.
  • No Mortgage Insurance Payment Required.
  • Flexible Credit Guidelines.
  • 620 Minimum Credit Score.
  • 30 Year Fixed Rates.
  • No Maximum Purchase Limit.
  • Designed specifically for homeowners in rural areas of Washington State.
  • No penalty for paying off the loan early.
  • No maximum loan limit.

How do I get started?

  1. Contact the USDA Mortgage Group to determine if a USDA loan is the best fit for your situation.
  2. Take an Application Online or Over the Phone.

We are experts at closing USDA Mortgages in Washington State

If you would like to work with a trusted USDA professional based in Washington State, give us a call today. We provide an attractive mix of low interest rates, local expertise, and one-on-one customer service. Our motivation comes from building client relationships for life.

USDAMortgageGroup.com – Call Us Today! - (206) 707-9658