Start Your USDA Loan Now




Do You Qualify For a USDA Home Loan?

To Qualify for a USDA home loan underwriters will look at three things

• Ability to repay the loan
• Payment history
• Location and type of home

Ability to Repay the Loan

When qualifying for a USDA loan you must determine how much home you can afford. How much you can afford will depend on what your current credit obligations are and your current rate of pay. Determining how much you can borrow is done by calculating your debt to income ratio. To learn more about debt to income ratios and other guidelines visit our USDA Guidelines section.

Payment History

To qualify for a USDA Home Loan your previous payment history will be considered. An underwriter will need to verify that you have established a history of paying your bills in a timely manner. While your payment history does not need to be perfect, you do need to show a pattern of on time bill payment.

Traditionally, your credit report is reviewed to determine your payment history. However, if you do not have any bills that show on your credit report there are cases where ‘nontraditional’ credit accounts may be used to determine your payment history. For more information on this, and other items visit our USDA Guidelines page.

Location of the Home

USDA Home Loans are intended for families interested in purchasing single family, stick built homes. Investment properties, homes that are considered income producing properties, and mobile homes are not eligible for USDA financing. A USDA loan is a perfect loan for a home that is considered ‘move in ready’ and not in need of major repairs.

The other factor to determine eligibility would be the location of the home. USDA Home Loans are available to people who live in rural and suburban communities. Generally speaking, Rural Development defines a rural area as a city, or community of residence USDA has set household income limits that need to be checked to determine eligibility. To view a detailed list of each state with county limits visit our USDA Home Loan information by state page.



Privacy policy | Preventing Identity Theft | Credit Counseling Disclosure | United States Patriot Act Disclosure

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.
We are not the U.S. Department of Agriculture. If you wish to contact them you can do so by visiting there site at


091720150912491_color_black (1)