USDA Guidelines

  • Max Loan Amount: Determined by DTI

  • Bankruptcy:

    • Chapter 7- 3 Years
    • Chapter 13- 3 Years
  • Foreclosure & Short-sale: 36 Months before loan application
  • DTI: 29/41% Max, 29/45% with compensating factors/reserves
  • Down Payment: None
  • Max LTV: 101% Financing based on appraised value & to include the 1% RD Fee
  • CLTV: 101% Financing based on appraised value & to include the 1% RD Fee
  • Reserve Requirements: Per GUS Findings
  • Credit Score: 620 Purchase & Refinance
  • Subject property and borrower’s income must meet RD eligibility
LOAN MATRIX
brown wooden house with green grass field