USDA Home Loan Credit Requirements

The USDA Home Loan Program is unique in many ways, including credit requirements.

Although, there is no minimum credit score required it will be more difficult to qualify if your middle score is less than 620.

Non Traditional Credit
If you do not have a traditional credit score, you may still be eligible.

Prior Foreclosures
Typically, foreclosures must be completed 3 years prior, with exceptions depending on current credit scores.

Bankruptcies
Chapter 13 and 7 must be discharged for a minimum of 3 years.

Judgments
Judgments must have been paid off for 12 months prior to purchasing a home.  Exceptions are available depending on current credit scores.

Late Mortgage Payments
One 30 day mortgage late is permitted with an explanation.  Exceptions are available depending on current credit scores.

Verification of Rent
If your middle credit score is lower than 620, you may need to provide a verification of rent (VOR) for the prior 12 months.

If you have additional questions, use the contact form on the right side of the page.