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Your USDA Loan Application

We’re Here to Guide You Through the USDA Loan Application Process

A USDA Loan — otherwise known as a Rural Development (RD) Loan — is an excellent option for those looking to settle in specific rural and suburban locations.

At DSLD Mortgage, our experienced Loan Officers will explain the advantages of this type of loan and guide you through the USDA Loan qualification process.

Request a Free Loan Consultation

Check if you qualify for a mortgage by requesting a callback from one of our Loan Officers.

Name(Required)
This field is for validation purposes and should be left unchanged.

Request a Free Loan Consultation

Check if you qualify for a mortgage by requesting a callback from one of our Loan Officers.

Name(Required)
This field is for validation purposes and should be left unchanged.

What are the Benefits of a USDA Loan?

At DSLD Mortgage, we understand the unique aspirations and concerns that come with rural homeownership.

We aim to empower and guide every family on their journey to a dream home. Let’s take a look at the advantages provided by this type of loan:

  • Low-interest rates: Get access to excellent rates.
  • Low down payments: Live your dream of homeownership with 0% down.
  • Flexible credit requirements: There’s some flexibility with credit scores.
  • No mortgage insurance: Say goodbye to PMI and hello to savings.

Request a Free Loan Consultation

Check if you qualify for a mortgage by requesting a callback from one of our Loan Officers.

Name(Required)
This field is for validation purposes and should be left unchanged.

Request a Free Loan Consultation

Check if you qualify for a mortgage by requesting a callback from one of our Loan Officers.

Name(Required)
This field is for validation purposes and should be left unchanged.

family playing frisbee outside

Streamlined USDA Loan Process

01

Explore Loan
Options

Speak to a Loan Officer to understand which type of loan best fits your needs. We can typically pre-qualify you in less than 24 hours.

01

Explore Loan
Options

Speak to a Loan Officer to understand which type of loan best fits your needs. We can typically pre-qualify you in less than 24 hours.

02

Apply
Online

Submit your USDA Loan application digitally through our app. Download the DSLD app now.

02

Apply
Online

Submit your USDA Loan application digitally through our app. Download the DSLD app now.

03

Loan
Approval

Our underwriting team will check your USDA Loan application and verify your documents. We can normally approve your loan within one week of receiving your paperwork.

03

Loan
Approval

Our underwriting team will check your USDA Loan application and verify your documents. We can normally approve your loan within one week of receiving your paperwork.

04

Loan
Finalization

Work with your dedicated Loan Officer to finalize the details and paperwork for your USDA Loan application. Before you know it, you’ll be moving into your new home!

04

Loan
Finalization

Work with your dedicated Loan Officer to finalize the details and paperwork for your USDA Loan application. Before you know it, you’ll be moving into your new home!

USDA Loan Frequently Asked Questions

A USDA Loan — or RD Loan — is a type of mortgage loan offered by the United States Department of Agriculture. It’s designed to help families in rural and some suburban areas purchase homes with no down payment, offering 100% financing to eligible buyers. 

USDA Loans aim to promote homeownership in less densely populated communities and are an excellent option for those meeting the program’s income and location criteria.

Qualification for a USDA Loan is based on several factors, including income, credit score, and property location. Generally, applicants must:

  • Meet income eligibility, which varies by region and household size. Income limits are designed to ensure the program serves those who genuinely need it.
  • Have a credit score of 640 or higher for automatic approval, though lower scores may be considered with additional underwriting.
  • Purchase a property in an area designated as eligible by the USDA — typically rural areas and some suburban neighborhoods.

To apply for a USDA Loan, applicants must meet specific requirements, including:

  • Income Eligibility: Your income must not exceed 115% of the median household income for the area, adjusted for family size.
  • Property Eligibility: The home must be located in an area designated as rural by the USDA. 
  • Primary Residence: The purchased property must be used as the buyer’s primary residence.
  • Citizenship: Applicants must be US citizens, US non-citizen nationals, or Qualified Aliens.
  • Credit Worthiness: A minimum credit score of 640 is recommended, but exceptions can be made for applicants with strong credit histories.

Income ceilings for the USDA loan program are determined by the location of the property and the size of your household. To qualify, you typically need to fall within the low-to-moderate income bracket when you make your USDA Loan application.

These limits can range from 80% to 115% of an area’s median household income, with variations based on factors like family size. The USDA loan is designed to cater to those who might find other loan options out of reach due to income constraints.

If you’re wondering whether you meet these criteria, request a callback and chat with us before you apply for a USDA Loan online. We’ll guide you through the specifics tailored to your situation.

Credit score requirements for USDA Loans can vary. While many lenders prefer a score of 640 or higher, the USDA Loan program is known for its flexibility. Even if your score is below this threshold, there are approval pathways, especially if other aspects of your financial profile are strong.

A robust credit score in the 720+ range can and will enhance your loan terms. If you’re uncertain about your credit standing or want to explore your options, talk to one of our Loan Officers for personalized guidance.

To qualify for a rural home development loan, a property must be situated in a USDA-designated rural area — typically open countryside and towns with populations under 35,000 residents.

The USDA Loan program aims to support homeownership in less densely populated areas, promoting community growth and development. Contact our team if you’ve set your sights on a property and are unsure if it meets these criteria. We’ll help verify if your dream home meets USDA Loan requirements.

The USDA Loan comes with a couple of primary fees: a 1% upfront guarantee fee due at closing and an annual 0.35% mortgage insurance fee, which is part of your monthly payment. 

However, weighing these fees against the significant benefits of USDA Loans, such as competitive interest rates and the possibility of no down payment, is essential. If you have any questions about which loan type is best for you, one of our Loan Officers will be happy to help you.

At DSLD Mortgage, we’re not just about loans. We’re about turning your aspirations into reality. With unbeatable rates, minimal upfront costs, and support for various financial backgrounds, your path to a dream home is clearer than ever.

Don’t let anything hold you back. Tap into the world of opportunities with a USDA Loan application—where flexibility meets affordability.

Request a Free Loan Consultation

Check if you qualify for a mortgage by requesting a callback from one of our Loan Officers.

Name(Required)
This field is for validation purposes and should be left unchanged.

Request a Free Loan Consultation

Check if you qualify for a mortgage by requesting a callback from one of our Loan Officers.

Name(Required)
This field is for validation purposes and should be left unchanged.

Begin Your Homeownership Journey!

Real Stories, Real Dreams

We’re proud to make dreams of homeownership a reality for many people.

To read more about people we’ve helped with a USDA Loan, read our testimonials below:

Explore the World of Home Financing

Dig into the intricacies of the mortgage landscape with our curated blogs. If you’d like to learn more about the process of getting a loan, our resources section is designed to help.

Thinking About Your Next Move?

We’re here to help. If you have questions about the home financing process, our team is here to guide you.

A brief conversation can pave the way to a tailored plan designed just for you.

Request a Free Loan Consultation

Check if you qualify for a mortgage by requesting a callback from one of our Loan Officers.

Name(Required)
This field is for validation purposes and should be left unchanged.

Request a Free Loan Consultation

Check if you qualify for a mortgage by requesting a callback from one of our Loan Officers.

Name(Required)
This field is for validation purposes and should be left unchanged.

family of 4 relaxing on a couch

Thinking About Your Next Move?

We’re here to help. If you have questions about the home financing process, our team is here to guide you.

A brief conversation can pave the way to a tailored plan designed just for you.

Request a Free Loan Consultation

Check if you qualify for a mortgage by requesting a callback from one of our Loan Officers.

Name(Required)
This field is for validation purposes and should be left unchanged.

Request a Free Loan Consultation

Check if you qualify for a mortgage by requesting a callback from one of our Loan Officers.

Name(Required)
This field is for validation purposes and should be left unchanged.

family of 4 relaxing on a couch