USDA Loan

What Is a USDA Loan?

USDA Loan Requirements

USDA Loan Eligibility

The property must be defined by the USDA as rural
Credit scores as low as 640 may qualify
Must occupy the home as primary residence
Must utilize USDA-approved lender, such as RWM Home Loans
Must fall within income limits, which vary by county*
Single-family homes, condos, and certain manufactured homes are allowed

*To learn more about your county’s income limits,
please visit: United States Department of Agriculture

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Benefits of a USDA Loan

100% Financing
-No Down
Payment

Competitive Interest
Rates

Flexible
Credit
Guidelines

Options for
Home Repairs
and Upgrades

USDA Loan FAQ

What’s the minimum USDA loan down payment?

USDA loans offer 100% financing, so no down payment is required. However, borrowers are responsible for closing costs, which can sometimes be rolled into the loan.

How do I know if a property is in a USDA-eligible area?

You can check property eligibility using the USDA Eligibility Map. Most rural and some suburban areas qualify.

Are USDA loans only for first-time homebuyers?

No, USDA loans are available to both first-time and repeat homebuyers, as long as they meet the eligibility criteria and the home will be their primary residence.

Can I use a USDA loan to build or renovate a home?

Yes, USDA loans can be used for building, purchasing, renovating, or repairing a home, as long as it meets USDA standards. Reach out to your loan officer to learn more.

How do I apply for a USDA loan?

You can apply with us as we are an approved USDA lender. The process includes verifying your income, checking your credit, and confirming that the property is in an eligible area. Get started below!

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