USDA Rural Home Loans – Credit Score Requirements

  • Sharebar

There is no written minimum credit score requirement to qualify for a USDA Rural Home Loan.  However, many investors who fund the USDA Rural Home Loans have a minimum requirement of 620 middle credit score.  This simply means that the USDA Rural Home Loan allows for a little variance in the credit score to qualify.

Apply for a USDA Loan Online Now: Loan Application

The USDA Rural Home Loan will require that any borrower with less than a 620 middle credit score undergo a stringent credit screening.  USDA Rural Home Loans will look at the most recent 12 months of rental history and with a lower credit score the USDA Rural Home Loan will definitely require you to write some detail credit letters of explanation.

The good news is that a credit score of 620 or higher may allow you to get away with some pretty significant credit dings.

Apply for a USDA Rural Home Loan in Arizona.

Similar Posts:

Tagged As: , , , , ,

2 Responses to “USDA Rural Home Loans – Credit Score Requirements”

  • Eleanor Thorne on November 21, 2008

    This is great information! We just helped someone who had been out of a Chapter 13 for 12 months purchase using this program!

  • Maddie on February 13, 2012

    I have a question… I’m working with my lender & combined me & my husband have a credit score of 624 & are just below the income guidelines for the USDA Loan. Yet the lender is telling me because of the credit score we don’t qualify, when I brought up that on the USDA website it says you can have minimum of 620 & actually if it’s less then they would simply need to do a deeper analysis of my Credit. She responded with something about how the USDA Underwritting system I believe thats GUD??? Wasn’t for some reason accepting it. I am a lil suspicious now. Why wouldn’t we qualify if we are above the FICO score?

Leave a Reply

Your email address will not be published. Required fields are marked *