Single Family Housing Guaranteed Loan ProgramUSDA Rural ... 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the Applicant/Borrower Name at the top of the form. This identifies who is applying for the loan.
  3. Next, fill in the Project Name and Location (Town, Country, State). This information helps specify where the housing project will take place.
  4. Review the Identity of Interest Statement carefully. Ensure you understand each condition listed that may indicate a financial interest between parties.
  5. In the certification section, print your name clearly and confirm that no identity of interest exists by signing and dating where indicated.
  6. Finally, ensure all information is accurate before submitting. You can easily save or export your completed form directly from our platform.

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Buyers in large cities and more densely populated suburbs arent eligible for these loans, but many living in surrounding towns and cities may be. An area with a population of 35,000 or less can be considered rural in the USDAs eyes.
USDA Single Family Housing Guaranteed Loans may allow community banks to expand their cus- tomer base among borrowers in rural communities with incomes below 115 percent of AMI (as defined by USDA). USDA offers up to a 90 percent guarantee. Single Family Housing Guaranteed Loans offer competitive pricing and terms.
Guaranteed Loans are originated, underwritten, and closed by a USDA approved private sector or commercial lender. The Rural Housing Service (RHS) guarantees the loan at 100 percent of the loss for the first 35 percent of the original loan and 85 percent of the loss on the remain- ing 65 percent.
Is getting a USDA loan a good idea? A USDA loan can be a good idea if youre looking to buy a home in a rural or suburban area. They are designed for buyers with moderate to low incomes who might not qualify for conventional loans.
USDA Loan Credit Score Requirements The USDA loan has no minimum credit score requirement; however, most lenders look for a FICO credit score of at least 620. For those with lower credit scores, a USDA loan may still be possible with manual underwriting, depending on other individual financial circumstances.

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Automatic GUS approval requires you to have a credit score of 640 or higher with no outstanding federal judgments or significant delinquencies. Even if you dont have a 640 credit score, its still possible to apply and be approved for a USDA loan.
Loan limits USDA guaranteed mortgages do not have a maximum defined loan limit. As of March 2024, most of the rural areas USDA guaranteed loans cover have a standard limit of $398,600. Higher-cost counties have higher limits between $431,400 and $919,800.

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