Usda loans

Escape the crowds

USDA loans are backed by the US Government and are intended to help people purchase homes in rural areas and oftentimes do not require a down payment. 97% of the land in the United States is eligible for a USDA loan. You might be surprised what the government considers a rural area, your suburb might be included.

down payment

You might not need a down payment with a USDA loan. You can finance the entire purchase into the loan.

mortgage insurance

These loans are guaranteed against default by the US Department of Agriculture and therefore require mortgage insurance.

credit score

Lenders typically require a minimum credit score of 640. Additionally your income cannot exceed 115% of the median income in your area.

Click the link above to see if your potential home is covered by USDA eligibility.

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Elliott Bowman

(206) 949-5563

NMLS # 1982189

CO License # 100517635

© 2022 Elliott Bowman LLC All Rights Reserved. Elliott Bowman NMLS# 1982189 CO License # 100517635  NMLS Consumer Access /  Legal Disclaimer – This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Other limitations may apply. This site is not authorized by the Colorado Division of Real Estate.