It’s ideal for those who may not qualify for traditional mortgages and prefer to live outside urban areas. The loan provides an opportunity for homeownership with more flexible requirements than conventional options.
Contact UsTo qualify for a USDA loan, you need U.S. citizenship, a stable income for at least 24 months, and a credit history without collections in the last 12 months. Your monthly payment should be no more than 29% of your income, and your debt ratio should stay below 41%, though higher ratios may be considered for those with a FICO score between 620-680. Additionally, the property must be located in a USDA-qualified area.
For more details, contact the team at Peak Financial or click below!