USDA loans are also 0% down home loans that promote homeownership in eligible rural and suburban areas, making it easier for low- to moderate-income individuals and families to own a home.
Here are a few program requirements:
- The property must be located in an area the USDA designates as rural.
- Household income must not exceed 115% of the area’s median income.
- A minimum credit score of 620 is typically required
- The property must be a primary residence in good livable condition that adheres to USDA health and safety standards