Harrisville, MI USDA Loan Eligibility
Introduction to USDA Home Loans
The United States Department of Agriculture (USDA) home loan program offers unique opportunities for homeownership in rural and suburban areas. These loans are designed to promote prosperity in and around Harrisville, MI. making it easier for low-to-moderate-income individuals and families to own a home. Harrisville, MI USDA loans come with several benefits, including no down payment, lower mortgage insurance, and competitive interest rates.
Eligibility Criteria Harrisville, MI USDA Home Loans
1. Location Eligibility
- Rural and Suburban Areas: The property must be located in an area that is designated as rural by the USDA. This often includes suburban and rural areas like Harrisville, MI.
- USDA Property Information: Use our USDA help line 888-767-0554 to check if a specific address or area is eligible.
2. Income Eligibility
- Income Limits: Your household income must not exceed 115% of the median income of the area.
- Adjusted Income: Consideration of certain deductions might lower your adjusted income, potentially qualifying you for the program.
3. Credit Requirements
- Credit Score: A credit score of 620 or higher is typically required, offering streamlined loan processing.
- Credit History: Applicants with lower scores may still be eligible but must meet stricter underwriting standards.
4. Citizenship and Residency
- Legal Status: Applicants must be U.S. citizens, non-citizen nationals, or qualified aliens.
- Primary Residence: The home financed must be your primary residence.
5. Property Eligibility
- Type of Property: Eligible properties include single-family homes, condos, and manufactured homes that meet specific Harrisville, MI USDA standards.
- Condition of Property: The home must be in good livable condition, adhering to USDA health and safety standards.
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Application Process
- Prequalification: Start by getting prequalified with our Harrisville, MI USDA lending team. This gives you an idea of what you might be eligible to borrow.
- Find a Harrisville, MI USDA-Eligible Home: We will help you look up eligible areas.
- Complete the Application: Provide all necessary documentation, including income verification, credit information, and details about the desired property. We will walk you through the process.
- Loan Processing and Underwriting: We will process your application and underwrite the loan.
- Approval and Closing: Once approved, you’ll proceed to closing and can then move into your new home.
Harrisville, Michigan USDA home loans are an excellent option for those looking to buy a home in rural or suburban areas. They offer several benefits over traditional mortgages, including no down payment and more lenient credit requirements. Understanding and meeting the eligibility criteria is crucial for a successful application. Prospective buyers are encouraged to start the process early and work closely with one of our Harrisville, MI USDA professionals.

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USDA Benefits Harrisville, IL
Learn More About Harrisville, IL
Harrisville is a city in the U.S. state of Michigan and the county seat of Alcona County.[5] The population was 437 at the 2020 census, making Harrisville the sixth-smallest city by population in the state of Michigan.[6] The city is surrounded by Harrisville Township but is administratively autonomous. Located on Lake Huron, it is an official Michigan Department of Natural Resources Harbor of Refuge.[7]
The place was first known as Davison’s Mill after Crosier Davison, who in partnership with Simeon Holden, had purchased land and water power rights here in 1854. Benjamin Harris and his sons, Levi and Henry, of West Bloomfield, New York bought out the partners. A post office established on September 16, 1857, was named Harrisville, with Levi as the first postmaster.[8]
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