USDA / Rural Development
Loan Information Center100% Financing:
Household income limits apply to USDA/RD loans.
Family size: 1-4
Adjusted Income: $78200
Family size: 5-8
Adjusted Income: $103200
Requirements:
- Must be your primary residence
- 620 Middle Credit Score required for all borrowers. WAC.
- No manufactured homes
- Seller can typically pay up to 6% of buyer’s closing costs and pre-paid items
- Property must be RD approved eligible area
- You don’t have to be a first time homebuyer
- All repairs required by the appraiser must be completed prior to closing of loan.
- Other restrictions may apply please contact loan officer.
Rural Development Website:
United States Development of Agriculture: Rural Development
Contact us for details!
Volunteer Home Mortgage
1033 W. Broadway Ave
Maryville, TN 37801