There are a number of requirements that properties need to meet in order to qualify for a USDA Guaranteed Home Loan.
Here is a quick checklist for the house to be eligible for USDA Loans:
- The home needs to be readily accessible from the road, while posing no safety hazards to people using driveways or walkways.
- The foundation needs to be structurally sound, containing no cracks, or moisture intrusion, as well as adequately draining water away from the foundation.
- The walls of the home, both interior and exterior, must not show any structural fatigue, failure, rot, or bowing. It also must be free of mildew, and peeling, chipping and loose paint.
- All doors must be in good working condition, exhibiting no holes or functional defects. Exterior doors must also have functioning locks.
- All framing must be structurally sufficient. Windows must function and lock properly, be unbroken, and must be energy efficient.
- Interior floors must not be heavily damaged, worn, or soiled; they must be expected to last for at least five (5) more years.
- Garages must functional and have no obvious deficiencies; if attached to the home it must have a 1 hour fire wall in place, and maintained.
- Porches and decks must be structurally sound.
- The roof of the property must be free of leaks and expected to last for at least five (5) additional years.
- Gutters must be properly installed and have an appropriate drainpipe at the end of each.
- Cabinets and vanities within the home must be in fully functioning condition.
- Stairs cannot have any signs of structural issues, and are required to have a handrail if there are more than three risers, unless otherwise stated by State building code.
- Both electric and plumbing must be in adequate working order, and functioning. If heating and air conditioning is present, its components (exhaust fans, vents, etc.) must be in good working order.
- Sump pumps must comply with local regulations.
- The home must be free of all wood damaging pests and organisms.
The USDA guaranteed program includes, but is not limited to these requirements.