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.
Get in touch
Call, Text, Email or check us out on social media
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.