USDA Loan Eligibility


The USDA loan is part of a federal program that supports rural development. If you’re buying a home in a rural area, make sure to check with me to determine if you’re eligible for a USDA loan. The USDA loan requires ZERO down payments – which is almost unheard of these days.

Other benefits to the USDA loan includes a 30-year fixed interest rate – meaning the rate will not adjust over its lifespan. Also, no mortgage insurance is required on a USDA loan.

If you’re eligible for a USDA loan, this is a great route to financing. Below are some eligibility requirements:

  • Rural area
    You must purchase property within an eligible area. To determine if you’re eligible, check out the interactive map on the
    USDA’s website or call my office at (954) 641-8103 .
  • Income requirements
    There is an income limit that is set for your county – you must not exceed that in order to be eligible. Some of the factors that go into determining include:
    • Your county
    • The total number of people in the household
    • The number of residents under age 18 (or disabled or full time students)
    • Your age
    • The number of disabled persons in the home
    • Your monthly expenses versus your income
  • Credit history
    This works differently than a credit score – your credit history will be reviewed to determine if you appear to be someone able to repay the debt and not default on the loan.

Get started by calling us at (954) 641-8103 .

Aaron Hassinger 
Loan Officer - NMLS #1005423 

200 S. Andrews Ave., Suite 500
Ft. Lauderdale, FL 33301

Phone – (954) 641-8103  
Efax – (954) 621-3919
Email: aaron.hassinger@fairwaymc.com



Fairway Independent Mortgage Corporation. NMLS #2289. Copyright ©2018 Fairway Independent Mortgage Corporation. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations should apply. All rights reserved.