USDA Income And Property Eligibility
These are just two key factors to keep in mind when applying for a USDA loan. Doing research and comparing different lenders' requirements can also be helpful in making sure you get the loan that best fits your needs and budgeting abilities.
Furthermore, you must prove that you have a steady source of income and are capable of making your mortgage payments.
Rocket Mortgage does not offer USDA loans. However, we can help you find the right option for your needs. Start your approval process to get the financing you need for your new home.
USDA loans can make buying a house more affordable for people who live in rural areas. While you will still need to pay closing costs if your application is approved, you will likely receive a lower interest and not be required to make any down payments. To check if your income and the address of the house you are interested in can be verified on the USDA eligibility site, but it is best to consult an expert about your mortgage options.