• USDA Home Loan

    • If you are looking for a home in a more rural area, a USDA home loan in Oregon might be your best option. USDA home loans are loans for homebuyers looking to live in smaller, rural communities. The USDA home loan has a zero downpayment requirement.

      How Does a USDA Home Loan in Oregon Work?

      There are three main types of USDA homes loans. These types are:

      • Loan guarantees: much like the FHA loan, this loan is a guarantee to the lender which helps your interest rate to stay low.
      • Direct loans: this loan is for low and very low-income earners wishing to buy a home.
      • Home improvement loan or grant: This USDA loan option can be an award to qualifying homeowners.

      How to Qualify for a USDA Home Loan

      There are many qualifications a homeowner must have in order to receive a USDA home loan. Because of that, it’s always best to contact us or your lender to ensure you qualify. Here are just a few of the requirements:

      • You must be a U.S. citizen
      • A consistent income for the past 24 months
      • No accounts in collections for the past 12 months

      To learn more and to be pre-qualified, contact our Eugen, Oregon office today. We’re excited to work with you!