USDA Housing Program

Click Here for USDA Eligible Homes for Sale in Anderson County

For those wishing to purchase a home in a more rural area the USDA loan program is available. A USDA loan is a loan from the US Department of Agriculture used to stimulate the real estate market in more rural communities, and is offered through the USDA’s Department of Rural Development. USDA loans generally range from 125,000 to 300,000 with actual loan amounts depending on the area’s median income. The Department of Rural Development offers two types of home loans to potential borrowers: a Guaranteed Housing Loan and the Direct Housing loan with both designed to benefit median to lower income households by providing out-of-pocket costs saving benefits.

Benefits of a USDA loan...

Because the US Department of Agriculture insures 100% of each loan given to eligible borrowers, approved-USDA lenders are able to offer borrowers more competitive benefits they would not have been able to find with other conventional home loan programs. USDA home loan benefits include:

* Zero down payment
* No mortgage insurance
* flexible credit guidelines

Do I Qualify?

USDA loans are designed for rural areas where median incomes are usually lower than other more expensive real estate markets. Because USDA loans aid lower income households, eligibility requirements are generally more lenient. To be eligible for a USDA home loan, potential borrowers should at least meet the following minimum:

* have a dependable income
* be a U.S citizen
* have a household income that is not higher than the median household income for the area

Although the USDA home loan program is designed for middle to lower income household and have more flexible eligibility requirements, approved lenders will usually require a mid-range credit score of at least 620 to secure financing. Potential borrowers with a less than perfect credit history are still encouraged to apply.



Keller Williams Western Upstate
4105 Liberty Highway
Anderson, SC 29621

Each office is independently owned and operated.


Beverly Harper Realtor



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