USDA

 To be eligible for a USDA loan, applicants must meet the basic eligibility requirements set forth by the USDA, which cover credit, income, property usage and home location.

Each factor plays a significant role in meeting the USDA’s mission of providing safe and sanitary housing for low to moderate-income families.

Minimum Qualifications for USDA Loans

At a minimum, USDA guidelines require:

U.S. citizenship or legal permanent resident (i.e. U.S. non-citizen national or qualified alien)
Ability to prove creditworthiness, typically with a credit score of at least 640
Stable and dependable income