Lauren Hatmaker, LLC

NMLS #1433297

USDA Loans Expert Eugene Oregon

What is a USDA Loan?

Eugene Mortgage Brokers

The United States Department of Agriculture (USDA) plays a huge role in food safety, nutrition, agriculture, and plant inspections, but they go beyond this by helping families in rural areas become homeowners with loans. 

USDA Loans are designed to aid in building stronger rural communities for an improved quality of life.

USDA insures loans outside of larger towns and cities in Oregon so that homebuyers can purchase loans with lower than market rates. There are income restrictions so that the loan is available for working class buyers and families and there are certain parts of Oregon where the loans can be used.

For more information contact us and read more about eligibility at: USA.gov

Is a USDA Loan right for me?

Contact us for your personalized evaluation and eligibility check. You can read more about USDA loans here: USA.gov

Qualifying for USDA Loan

Eugene Mortgage Brokers will help you with all processes and procedures to see if you quality for a USDA Loan.  

For example, we’ll do a preliminary check to see if the home you’re interested in buying is eligible for this type of loan. If so, we’ll move forward with the next steps for qualifying for your USDA Loan. 

  • Residency: You must be a US resident, noncitizen national or permanent resident alien. 
  • Location: Location of home must be eligible in rural or edge of suburb areas. 
  • Income: Adjusted Gross Income cannot be more than 115% of the median income of the area. 
  • Credit Score: A score of 640 or better is required. 
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