Ohio 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 Ohio. making it easier for low-to-moderate-income individuals and families to own a home. Ohio USDA loans come with several benefits, including no down payment, lower mortgage insurance, and competitive interest rates.

Eligibility Criteria Ohio 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 Ohio.
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 Ohio USDA standards.
Condition of Property: The home must be in good livable condition, adhering to USDA health and safety standards.

Start your USDA Home Loan

Call Today (888)767-0554

Application Process

Prequalification: Start by getting prequalified with our Ohio USDA lending team. This gives you an idea of what you might be eligible to borrow.
Find a Ohio 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.

Ohio 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 Ohio USDA professionals.

Get on the Path to Home Ownership. We got your Back!

My wife and I had the pleasure of being assigned to Ryan Sr. Loan Officer. He was polite, patient, professional and most importantly prepared throughout whole process. Ryan crunched numbers with impressive accuracy, explained documents line by line when we had questions and let us know what to expect so there wouldn’t be any surprises. Ryan is very knowledgeable and had no problem answering questions and sharing very important details which made us feel good about picking Smart Mortgage. Thank you Ryan for all your help and advice.

Frank & Anna

We applied with other lenders but had been turned down, but Smart mortgage worked with us so we can have our dream home! Our lender Jon, walked us through the process and was very helpful in answering questions promptly. He made the process easy for us. Jon always kept in daily communication with us, so there were no surprises! He made himself available anytime…..even when he was on vacation! The online submission of documents was very easy. Overall we think Smart Mortgage is an excellent company willing to work with people with blemished credit and give them the opportunity to live their dream of home ownership.

Wesley C

We worked with Brian who picked up our loan after our original broker quit working with us. I’ve never seen a more determined, hard working, and dedicated broker in action! Brian was amazing! We could write a book about our experience, bottom line… I wouldn’t work with anyone else or refer to anyone else. He gets it done!

Desi M

I highly recommend working with Jon for a home loan product. He handled our jumbo loan with the highest integrity and detail. In particular, he helped navigate the legal details associated with our land trust. Our experience was exceptional and will work with Jon in the future.

Erik H

I highly recommend choosing Brian as your Mortgage guy to make sure you get the house you want. He will make sure everything is done and not only in a timely manner but it gets done correctly. Your closing will go so smooth and there are no surprises with Him! He will be with you from beginning till the End! You will not be disappointed with his service!

Annie P

Anthony exceeded our expectations in all aspects,going above and beyond he kept us in the loop throughout the whole process and in finding us ways to keep our final expenses as low as possible I feel we got the best deal we could have. We are very happy with our choice.

Debbie S

Anthony was great to work with and was very thorough with explaining the whole process. He was a huge help with any questions we had. Will definitely recommend to friends and family.

Sergio V

Worked with Jon on a refi and it was terrific. My situation was a little bit complicated based on a few moving parts, however, the process went very smooth and all my options were clearly explained as we went along. I’m very pleased with the outcome.

John C

Very impressed. Jon walked me thru a difficult refi of 2 properties simultaneously. Always a quick response to any of my concerns. Would definitely recommend working with them.

Sue S

The very first time I spoke with Patty on the phone, I knew I would work with her to find my mortgage. Patty has a calm and confident approach to her work that illustrates her knowledge of the industry, The counsel she provided helped position me in a favorable position to buy my dream home. I would definitely recommend Patty to family and friends, and look to work with her again in the future.

Chris C

Buy a Home with No Money Down

Get Pre-Qualified Now

USDA Benefits Ohio, IL

No Down Payment
Reduced Mortgage Insurance
Competitive Interest Rates
Flexible Credit Guidelines
100% Financing:
Not Limited to First-Time Homebuyers
Fixed-Rate Mortgages
30 Year Loan Term Options
Geographical Flexibility
Potential for Financing Extra Improvements

Learn More About Ohio, IL

Ohio (/oʊˈhaɪ.oʊ/ ⓘ oh-HY-oh)[13] is a state in the Midwestern region of the United States. Ohio borders Lake Erie to the north, Pennsylvania to the east, West Virginia to the southeast, Kentucky to the southwest, Indiana to the west, and Michigan to the northwest. Of the 50 U.S. states, it is the 34th-largest by area. With a population of nearly 11.8 million, Ohio is the seventh-most populous and tenth-most densely populated state. Its capital and most populous city is Columbus, with other large population centers including Cleveland, Cincinnati, Dayton, Akron, and Toledo. Ohio is nicknamed the “Buckeye State” after its Ohio buckeye trees, and Ohioans are also known as “Buckeyes”.[10] Its flag is the only non-rectangular flag of all U.S. states.

Get the Latest USDA Mortgage News!

The Best Cities in Louisiana for First Time Home Buyers
by usdaloan - August 18, 2023
Louisiana, the vibrant heart of the South, offers a unique blend of cultures, landscapes, and historical influences. For those considering buying [...]
Great cities in Maine for First Time Home Buyers
by usdaloan - August 18, 2023
What cities in Maine are great for first time home buyers? Maine offers a mix of beautiful coastal areas, [...]
Great cities in Maryland for First Time Home Buyers
by usdaloan - August 15, 2023
What cities in Maryland are great for first time home buyers? Maryland offers a rich tapestry of [...]
Great cities in Massachusetts for First Time Home Buyers
by usdaloan - August 15, 2023
What cities in Massachusetts are great for first time home buyers? Choosing the best cities in Massachusetts [...]
Great cities in Michigan for First Time Home Buyers
by usdaloan - August 13, 2023
What cities in Michigan are great for first time home buyers? Choosing the best cities in Michigan for [...]
Great cities in Minnesota for First Time Home Buyers
by usdaloan - August 10, 2023
What cities in Minnesota are great for first time home buyers? Minnesota, known as the "Land of 10,000 Lakes," [...]
Great cities in Mississippi for First Time Home Buyers
by usdaloan - August 9, 2023
What cities in Mississippi are great for first time home buyers? Selecting the best cities for first-time home [...]
Great cities in Missouri for First Time Home Buyers
by usdaloan - August 5, 2023
What cities in Missouri are great for first time home buyers? When looking for a good city for a first-time [...]
Great cities in Montana for First Time Home Buyers
by usdaloan - August 3, 2023
What cities in Montana are great for first time home buyers? Montana offers several cities that can be great [...]
Great cities in Nebraska for First Time Home Buyers
by usdaloan - August 1, 2023
What cities in Nebraska are great for first time home buyers? BRIAN BIRK | 3-MINUTE READ Nebraska offers several cities that [...]