Product Page - The USDA Loan


USDA Loans

The United States Department of Agriculture developed this mortgage option to improve the economy and quality of life in rural America by encouraging the purchasing of rural land. USDA loans are issued through the USDA Rural Development Guaranteed Housing Loan Program, and you might be surprised how feasible it is to qualify for one beyond what most would consider “farmland”.

Qualifying for a USDA Loan

For starters, you will need proof of US citizenship or permanent residency. Your intended property purchase must serve as a primary residence within a qualified rural area.

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Credit score

You should carry good credit (typically a score of 620 or greater) to be eligible for the USDA’s automated underwriting system. It is still possible to qualify for manual underwriting with a lower credit score, although you may be held to more stringent guidelines.

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Income Requirements

Your adjusted household income is equal to or less than 115% of the area median income.

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Loan Limitations

You can apply for a USDA Loan for up to a $453,100 purchase price.

Why would a USDA Loan be the best choice for you?

Contrary to their name, USDA Rural Development home loans are not exclusively for agricultural areas, or even for places far out in the country. A USDA loan is the only loan type on the market that allows you to finance your closing costs up to the appraised value.

For income-qualified borrowers, USDA’s provide competitive Fixed Interest Rates at Affordable 30-Year Terms A USDA loan is one of the only loan programs offered to the general public that allows you to finance 100% of your home’s value. That means no down payment of any kind!

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The AnnieMac Promise

Here at AnnieMac Home Mortgage, we take the time to walk you through the mortgage process and ensure that you are financially ready for a mortgage commitment. If a USDA loan is needed and is something you are interested in, we will be there for you every step of the way.


AnnieMac Home Mortgage (American Neighborhood Mortgage Acceptance Co. LLC) is not affiliated with the U.S. Department of Veteran’s Affairs, the U.S. Department of Housing and Urban Development, the U.S. Department of Agriculture or any other Federal Government Agency.