Apply For A USDA Loan Today!

If you’re a home buyer looking for a rural home and you don’t qualify for any other financing, the USDA loan may be the best option.

At Mortgage Loan Center, we’re proud to offer the USDA loan option to help borrowers with less-than-perfect qualifying factors secure a home. The USDA loan offers 100% financing and has flexible underwriting guidelines, but it’s for a specific group of people.

Here’s how Mortgage Loan Center can help. Apply for a USDA loan today!

Let’s Determine if you’re Eligible for a USDA Loan

apply for a usda loanFirst, we will work with you to determine if you’re eligible for a USDA loan because they’re not for everyone.

The USDA looks at your total household income for eligibility purposes. We’ll walk you through the process, helping you understand whose income you must include to determine if you’re eligible. Typically, we must include all income from children over the age of 18 and any other relatives (adults) living with you.

But, the USDA offers allowances for dependents living with you including children, the elderly, and the disabled.

Besides income, you must also buy or refinance an eligible property. While rural makes most people think of farmland and living out in the middle of nowhere, the USDA has other ideas and they are favorable to borrowers. Our professionals can help you learn where you can buy a home that will make you eligible for a USDA loan. Apply for a USDA loan today!

We’ll Help you Determine if you Qualify

There’s a big difference between eligibility and qualifying for the USDA loan and our mortgage loan professionals will walk you through both.

When you apply for the USDA loan, we’ll need the credit, income, employment, and debt information for the borrowers on the loan, not your entire household. If you and your spouse are on the loan, we’ll need information from both of you. If it’s just you on the loan, we’ll only use your qualifying information.

Fortunately, the USDA loan program has easy qualifying requirements including:

  • 640 credit score
  • Maximum 41% debt ratio
  • No down payment required
  • Stable income and employment for 2 years
  • Proof you don’t qualify for any other financing

The key is that you aren’t eligible for any other financing, such as conventional or FHA financing. We’ll walk you through the steps and show you the options available to you – if you qualify for another loan, we can help you with that too. Apply for a USDA loan today!

Mortgage Loan Center is Here to Help

We are here to help you through the mortgage loan process. We believe everyone should be able to find the home they can afford with attractive financing. This is why we offer USDA financing to serve everyone in our area.

If you’re worried about qualifying for a loan, let’s talk about your eligibly for a USDA loan to see if it’s right for you!

Contact Us Today!

What are your goals? Everyone is unique, request your personalized rates and fees.