USDA Loan Eligibility

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 (512) 698-0133.
• 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 Debbie Tran at (512) 698-0133