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Additional Information About USDA Home Loans

USDA Approval Requirements

To be approved for a USDA loan the borrower or borrowers must meet credit requirements. Your USDA loan application can receive an underwriting approval down to a 620 credit score, although it is much easier to get approved over a 640. Applicants must demonstrate repayment ability for the loan along with a job history of at least two years. If you have just graduated from school the two year employment history can be waived. If you require more in depth explanation please go to our USDA loans Guideline page.

If you are in the market to purchase a home you should apply for or research a USDA loan to determine if you are eligible. One of our USDA loan specialist will be more than happy to see if you qualify.

Read more about USDA Guidelines


USDA Loans Are Guaranteed

USDA Loans is your pathway to a USDA lending company. We provide USDA home loans in rural and suburban areas in the United States and its territories. We have the USDA loans guidelines and USDA loan income eligibility information for you to confidently apply for rural development loans on our website.

To apply for a USDA Loan simply fill out a quick loan application or call us to apply over the phone at (518) 324-5544 is not a government agency. You can view our privacy policy here Privacy Policy. 


Learn More about USDA Loans

USDA Rural Development Loans

With many loan options available, USDA Loans rank as THE BEST for getting into your dream home. USDA Loans have many features that make them superior to home loans through a bank. Also known as Rural Development Loans, USDA Loans are insured and guaranteed through the USDA Rural Development Guaranteed Housing Loan Program. In the year 2015 alone, the USDA funded over 171,000 loans through the USDA Loan program to help applicants buy a home of their own.

What makes a USDA Loan the best option available? Here is a list of reasons that should be considered about a USDA Loan before applying:

USDA Loans Are100% Financing

With a USDA Loan, your down payment will always be $0. While other home loans will require a down payment reaching tens of thousands of dollars, you can be assured that with a USDA Loan you are getting a NO MONEY DOWN loan.

USDA Loans Have Lower interest Rates

The USDA Loan Program is designed to provide consumers with a low interest rate. Interest rates with a USDA Loan are fixed, which means your monthly payment will not change due to a fluctuating interest rate throughout the length of the loan.

USDA Loans Can Close Quickly

While there are many factors that determine the amount of time to complete your loan, a USDA Loan can close in 30 days. Getting you into your home sooner is just another reason why a USDA Loan is a better option for consumers.

USDA Credit Score Requirements

To be approved for a USDA Loan, the applicant needs a minimum credit score of 620. However, a credit score of 640 will greatly improve an applicant’s chance of qualifying for a USDA Loan.


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Bank of England Mortgage has tried to provide accurate and timely information; however, the content of this site may not be accurate, complete or current and may include technical inaccuracies or typographical errors. From time to time changes may be made to the content of this site without notice. Bank of England Mortgage may change the products, services, and any other information described on this site at any time. The information published on this site is provided as a convenience to visitors and is for informational purposes only. You should verify all information before relying on it and decisions based on information contained in our site are your sole responsibility. If you are an individual with disabilities who needs accommodation, or you are having difficulty using our website to apply for a loan, please contact us at (888) 807-2353. This contact information is for accommodation requests only. Bank of England Mortgage is a division of Bank of England. NMLS 418481. Bank of England Mortgage is not affiliated with any government agency. Member FDIC.
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USDA Loans | Qualification Requirements | No Money Down
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USDA Loans | Qualification Requirements | No Money Down
Check eligibility for a USDA loan. Applicants must meet the basic USDA requirements which cover credit, income, and property location. Income must be lower than the median income for the region...
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BOE Mortgage
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