USDA loans are zero-down-payment mortgages for rural and suburban homebuyers. USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture.
Even though the USDA Guaranteed Loan has no limit on the amount you can borrow, it's highly unlikely any borrower could get a USDA Loan for more than $300,000-$400,000. Since the USDA loan is geared towards low-to-moderate income families, they have strict income limits.
Purchase
Refinance (RD Loans Only)
New Construction (Including manufactured built homes)
Low Monthly Payment
Low Down Payment
Income Limitations
Eligible Areas Only
Most Recent Paystubs (30 day period)
Most Recent 2 Months of Bank Statements
W-2’s (2 Years)
Tax Returns (2 Years)
Copy of your state issued ID/Driver’s License and Social Security Card