USDA Loans in Indiana

Indiana is home to beautiful stretches of Midwestern rural land. If you want to purchase a home in one of these areas, you will want to check if you are eligible for the zero down USDA mortgage program.

What is a USDA Mortgage?

The US Department of Agriculture has a program for facilitating the purchase of homes on rural land through guaranteed mortgages.

The program is income-based; whether you qualify will depend on how much you earn, as it is restricted to lower and middle income households.

Benefits of USDA Rural Loans in
Indiana

By backing your mortgage, the USDA makes these exciting benefits possible:

• You can move into a home in a rural part of IN or IL with zero down.
• Your interest rates will be affordable, even if your credit score is not perfect.
• The insurance requirement for a USDA home loan is affordable.

Qualification Requirements for IN
USDA Loans

It is easier than you might think to qualify for a USDA home loan. In fact, even in areas you might not consider to be “rural,” it is possible you can buy a home with this type of mortgage. The USDA has a pretty liberal definition of “rural.”

We can clarify whether the area where you want to buy a home counts within the formal USDA definition for “rural” during your consult.

As we mentioned before, this type of mortgage is income-based.

Income for your household must be no higher than 115% of your area’s median household income.

If you need help calculating whether your income is within the allowable bracket, we can walk you through this during your consultation as well.

Apply for a USDA Mortgage in
Indiana Now

Your rural dream home in Indiana awaits. And with a zero down USDA mortgage, you are just steps away from unlocking your front door. To begin, please give us a call today a (219) 756-5626 to schedule your consultation.