USDA Rural Development Loans

A USDA (U.S. Department of Agriculture) Loan may be a great option for you if:

  • You’re a first-time or repeat homebuyer; and
  • You want a 0% down payment; and
  • You’re interested in buying or building a home in an eligible “rural area,” which includes many suburban areas fairly close to cities; and
  • You’re a low- to moderate-income buyer.

USDA Loan benefits and features:

  • Borrower’s income: Can’t exceed the USDA Rural Development limits for the area.
  • Down payment: Minimum is 0%. The one-time USDA guarantee fee can be included in the loan financing. Mortgage insurance is required.
  • Credit score minimum is usually 640.
  • Eligible properties include single-family homes, new construction, modular homes, planned unit developments (PUDs), and eligible condominiums.
  • Gifts and grants permitted from family or government assistance agencies.
  • Other requirements and conditions apply.

Call Us at 360.524.2587 for more information!

NMLS WA/OR: 118399
Academy Mortgage: OR2421/WA3113
Equal Housing Lender | Corp NMLS #3113