A USDA loan is a mortgage whose guidelines are set by the U.S. Department of Agriculture.
What is a USDA loan?
USDA loans are designed to make home buying more affordable for families with low to moderate income in rural areas, or in areas where there is a lack of adequate housing supply or not enough borrowers who can afford to live there.
Am I eligible for a USDA loan?
To be eligible, the home must be in an area designated as rural by the USDA, or in certain targeted areas that have problems with access to affordable housing. Contact us to find out whether you are eligible.
What credit score do I need for a USDA loan?
USDA loans don't have a fixed credit score requirement, but generally a minimum credit score of 640 will get approval through the USDA's automated loan underwriting system.
Talk to a Longview mortgage broker
Every borrower's situation is different. Call Kenneth Travis's team at 903-331-0892 to talk through usda loans and the rest of your options, or apply online.