USDA Rural Home Loan Requirements

If you’re an individual looking to purchase land in a rural area, a USDA rural home loan is an option you should consider to help you with this process. The United States Department of Agriculture wants to help rural communities survive and thrive by offering programs through their Rural Development Office to provide assistance to families and individuals in purchasing homes in rural areas.
In order to qualify for a USDA rural home loan, the property must be located in an area with a population less than 20,000 and cannot be in a town situated close to a large metropolitan area. These rural home loans are granted based on income and while the income requirements vary by geographic area, they are based on 115% of the median income as defined by the office of Housing and Urban Development (HUD).
Whether you want to live as far north as Minnesota, as far south as Texas, or on either coast in states like California or North Carolina, as long as the property you’re considering meets the guidelines mentioned above and is located in the United States, the Farm Loan center can guide you in finding a loan to help you buy it. 
If you have questions about whether or not you qualify for the USDA rural home loan, the Farm Loan Center will help you navigate the process. In addition to the USDA rural home loan, the Farm Loan Center can also help you navigate the process for these other loan types:
  • VA Rural Home Loan
  • Rural Home Loan
  • Hobby Farm Loan
  • VA Farm Loan
  • FHA Loan
  • Bare Land and Rural Site Loan
While the number of homeless veterans has declined by nearly half in the last decade, with nearly 920,000 homeless veterans and their families finding homes or having been prevented from becoming homeless, the issue of homeless veterans persists. Because of this, the Farm Loan Center continues to make the challenge of reducing the number of homeless veterans a priority.
The Farm Loan Center is here to help you navigate the process for applying for loans such as the USDA rural home loan, we are experts in rural loans with a special interest in helping veterans. We at the Farm Loan Center want to help you find the loan for the home that’s right for you and your family. Contact us at (800) 644-9039 to begin planning with our team or apply now online.