USDA Rural Housing Loans

Learn About USDA Housing Loans

Thanks to 100% financing, a USDA Rural Housing Loan is an especially attractive option for those who qualify. Established in 1949 by the U.S. Department of Agriculture, the USDA Rural Housing Loan Program assists residents in qualifying rural areas to achieve their dreams of home ownership while promoting development in underdeveloped areas.

Eligibility for a USDA mortgage depends upon the property location, meeting minimum credit requirements, and household income not exceeding USDA income limits for the location. Contact us today to learn more.

Acceptance Home Mortgage is an approved USDA lender and well-versed in rural housing in both Kentucky and Indiana. Locally owned in Evansville, IN, we are a proud part of the community and the number one sponsor for the Evansville Thunderbolts and Evansville Legends FC.

Facts About USDA Loans

• 100% financing
• Low monthly mortgage insurance
• Single unit properties
• Financing down to 600 credit score
• 29/41 DTI ratios (may exceed this if certain additional circumstances apply)
• Eligible areas only
• Rural doesn’t necessarily mean remote
• Many homes and properties are near the fastest-growing metro areas
• Closing costs can be financed up to appraised value
• Acreage can be financed with home
• Must meet income eligibility
• Maximum amount for 1-4 person households - $103,500
• Maximum amount for 5-8 person households - $136,600
• 30-year term