Zero Down USDA Rural Home Loan

A USDA home loan from the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, is a mortgage loan offered to rural property owners by the United States Department of Agriculture. This is a popular program for people looking to buy a primary residence in areas such as Puyallup, Graham,  Orting, Eatonville, Enumclaw, Buckley, Bonney Lake, Yelm and Olympia areas.   To see if the home you want to buy is located in the USDA “zone” please contact Bruce McLaughlin Today.

Guaranteed Loan

Applicants for home loans may have an income of up to 115% of the median income for the area. Families must be without adequate housing, but be able to afford the mortgage payments, including taxes and insurance. In addition, applicants must have reasonable credit histories. Additionally, the property must be located within the USDA RD Home Loan “footprint.” The USDA Home Loan maps are currently scheduled to be changed on January 15, 2014. USDA Loans offer 100% financing to qualified buyers, and allow for all closing costs to be either paid for by the seller or financed into the loan.

USDA Home Loans have Maximum Household Income Limits which vary by the County you purchase a home in. . The Maximum Household Income Limits are based upon everyone in the home who is a wage earner, even if their income is not going to be used to qualify for the USDA Loan. For instance, Social Security Income from an elderly relative living in the home, would be considered when determining the maximum household income – even if that relative was not going to apply to be on the mortgage loan. There are deductions however, that USDA Underwriters allow, and oftentimes, those calculations will pull a family under the Maximum Household Income Limit.

For more information contact Bruce McLaughlin today and find out where you can buy your new home and get pre-approved

Contact Bruce McLaughlin

Eagle Home Mortgage Puyallup WA


NMLS 70081


All page content by Bruce McLaughlin Eagle Home Mortgage 1029 East Main Puyallup WA 98372 NMLS 70081 253-651-5755 Contact me directly for any questions