USDA Loans

About USDA Home Loans

A USDA Home Loan is a mortgage loan offered to rural property owners by the United States Department of Agriculture (USDA). In order to be eligible, the home must be located in a rural area or “any area with a population of 35,000 or less”. Borrowers can use the USDA Property Eligibility Program to determine the eligibility of a certain property.

USDA loans have an income and asset cap, meaning that a borrower’s combined household income cannot exceed their threshold in order to qualify for the loan. However, new limits are set every year in the spring, capped around 15% above the average median income in the area.

Those that qualify can purchase, build, rehabilitate, improve or relocate a dwelling in an eligible rural area.

Who is this loan for?

In order to qualify for a USDA loan, household income must not exceed the USDA income limit and the home purchased must be located in an eligible rural area as defined by the USDA.

Benefits of USDA Loans

0% down payment options
Lower credit score requirements
Competitive interest rates
Flexible credit underwriting requirements

Ready to get started?

Get pre-qualified with CPF Mortgage to start your home buying process today.
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State of Florida, Colorado, Georgia and Tennessee.
NMLS #222883
Christopher Paul Financial, LLC dba CPF Mortgage is a Florida mortgage lender NMLS 222883, Florida state license MLD929, Colorado registered mortgage company NMLS 222883, licensed Tennessee mortgage lender NMLS 222883, and Georgia Residential Mortgage Licensee NMLS 222883. The main office is located at 10710 State Road 54, Ste. C101, Trinity, FL 34655. All loan approvals are credit driven, and all decisions are based on underwriting credit approvals. All rates, terms, and programs are subject to change without notice. Borrowers should consider their options carefully when choosing a loan program.
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