USDA Loan Eligibility


The USDA loan is part of a federal program that supports rural development. If you’re buying a home in a rural area, make sure to check with me to determine if you’re eligible for a USDA loan. The USDA loan requires ZERO down payments – which is almost unheard of these days.

Other benefits to the USDA loan includes a 30-year fixed interest rate – meaning the rate will not adjust over its lifespan. Also, no mortgage insurance is required on a USDA loan.

If you’re eligible for a USDA loan, this is a great route to financing. Below are some eligibility requirements:

  • Rural area
    You must purchase property within an eligible area. To determine if you’re eligible, check out the interactive map on the
    USDA’s website or call my office at 9208581203.
  • Income requirements
    There is an income limit that is set for your county – you must not exceed that in order to be eligible. Some of the factors that go into determining include:
    • Your county
    • The total number of people in the household
    • The number of residents under age 18 (or disabled or full time students)
    • Your age
    • The number of disabled persons in the home
    • Your monthly expenses versus your income
  • Credit history
    This works differently than a credit score – your credit history will be reviewed to determine if you appear to be someone able to repay the debt and not default on the loan.

Get started by calling us at 9208581203.

AMEC | American Mortgage & Equity Consultants, Inc. • 3 North East Wisconsin Locations
Green Bay • Appleton • FondDuLac
Residential Home Loans • FHA | 203K | VA | HARP | USDA | WHEDA | Purchase | Refinance | Credit Restoration
Conventional, FHA, 203K, VA, 100% USDA Rural Home Loans with Offices Serving communities through out Wisconsin. We provide purchase and refinance home loan services with great rates and terms to Green Bay, DePere, Appleton, Neenah. Menasha, Oshkosh, FondDuLac,  Sheboygan, Manitowoc, Milwaukee, Madison.

American Mortgage & Equity Consultants, Inc. Contact: 920.267.7891. All rights reserved.© 2016. American Mortgage & Equity Consultants, Inc. is an Equal Housing Lender. NMLS #150953. 
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Appleton, WI NMLS ID 1158878 | De Pere, WI NMLS ID 379092 | Eau Claire, WI NMLS ID 870247 | Fond du Lac, WI NMLS ID 379084 | Green Bay, WI NMLS ID 1296548 | La Crosse, WI NMLS ID 570267 | Luck, WI NMLS ID 870269 | Madison, WI NMLS ID 844360 | Onalaska, WI NMLS ID 844359 | Siren, WI NMLS ID 870270 | Stevens Point, WI NMLS ID 1064096 | Wauwatosa, WI NMLS ID 838616