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Resources for USDA Rural Development Home Loans

The USDA Rural Development Single Family Housing Guaranteed Home Loan Program is a low interest, fixed-rate, no down payment home ownership loan for qualified applicants who want to purchase a home or refinance their current Rural Development Loan in an eligible USDA Rural Development area.

The loan is offered through a private financial institution and guaranteed by USDA Rural Development, and it does not require a down payment.

Eligibility for these loans are based on two things: household family income and where the property is located.

 

How do I verify the most up to date household family income limits for my county when using a USDA loan?

Income eligibility for a USDA Rural Development loan varies according to the average median income for each area.

Visit the USDA's interactive income eligibility website to determine if you are eligible, or see this PDF to check income limits in a county by county format.

 

Where are eligible USDA Rural Development Areas?

Most USDA Rural Development eligible houses are located in neighborhoods or on small parcels of land. The USDA publishes a detailed map to help you determine if a property is eligible for a USDA Rural Development loan.

Check to see if your property is eligible on the USDA website.

In the map below, ineligible areas in Oklahoma are highlighted in yellow. (Map updated September, 2021.)

USDA Rural Development map showing property eligibility in Oklahoma.

Am I Eligible?

The property to be purchased must meet specific guidelines to qualify for a RD mortgage:

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.

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Rural Development

news & info

  • Special Procedure Notice from USDA sets Higher Income Limits for Oklahoma USDA Borrowers 06/08/2022

    The USDA Rural Development income limits for all of Oklahoma have been increased to $103,500 for a 1-4 person household and $136,600 for 5+ household. This is an all-time high which will allow much higher purchase prices for those using the program to purchase a home with ... READ MORE

  • USDA Rural Development Fiscal Year 2022 SFH Guaranteed Funds Now Available! 10/14/2021

    Fiscal Year 2022 funding for the USDA Rural Development’s Single-Family Housing Guaranteed Loan Program is now available. Oklahoma borrowers can continue to take advantage of no down payment financing on homes located in USDA Rural Development areas. Click here to ... READ MORE
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