Ohio USDA Mortgage-Home Loan Program Information

Most people do not know that USDA (United States Department of Agriculture) has Home Purchase Programs.

Ohio USDA (United States Department of Agriculture) rural mortgage program is another government sponsored home buying program. Like Ohio FHA and Ohio VA, USDA DOES NOT originate the mortgage, you get an Ohio USDA mortgage through a lender like us!

Basic highlights of Ohio USDA mortgage program:

• Zero Money Down
• One Fixed Rate Loan
• No PMI Insurance required
• No cash reserves required (money in the bank not required)
• Single Family Homes only (can't purchase duplexes, apartments, ect.)
• No mobile homes
• No "fixxer-uppers" (standard homes in working order)
• Flexible credit requirements (similar to FHA)
• Over 620 credit score automaticaly credit qualifies.
• Low, fixed interest rates

Income Restrictions: Rather than having a loan limit, USDA has household income limits, which vary by county and household size. Click here to check your USDA income restrictions.

Location Restrictions: USDA home loans are not for the "big cities" and surrounding areas. Click here to check qualifying areas in Ohio.

If you qualify for an Ohio USDA mortgage, many times it can be a more attractive mortgage program than FHA!