USDA Loan Property Requirements. USDA loans are only available for certain types of properties, and in certain locations. The first step in finding a home for sale that is eligible for USDA financing, is to understand the location requirements. USDA loans are only available outside of cities and larger towns.
Minimum Qualifications for USDA Loans. At a minimum, USDA guidelines require: U.S. citizenship or permanent residency; Ability to prove creditworthiness, typically with a credit score of at least 640; Stable and dependable income; A willingness to repay the mortgage – generally 12.
Easy Approval Mortgage Loans Get An Fha Loan For example, in Sonoma County, California, you can get an FHA loan of up to $648,600 for a single-family home in 2018 while in Napa the limit is the national limit of $679,650. 2.