With the help of the USDA Home Loan program, buying a new home in Minnesota just got a tad bit easier. Backed by the U.S government, these no money down, fixed interest rate loans offer 100% financing on qualifying Minnesota homes. And, with the help of the lending experts at Consumer Real Estate Finance Co., you may finally be able to make your dream of homeownership become a reality.

• No Maximum Loan Amount on Minnesota Property
• Flexible Credit Guidelines for Qualifying Minnesota Residents
• Low Fixed Interest Rates
• Both New and Existing Properties May Qualify

Minnesota Areas that Qualify for Rural Development Loans

One of the biggest hurdles facing the USDA Loan Program (Also referred to as the Rural Development Loan Program) is the perception that these federally backed loans are associated with agriculture. In truth, the Rural Development Loan Program was designed to help build many of the nation’s smaller communities, which means that many Minnesota communities located near larger metropolitan areas are eligible. To qualify, your Minnesota property must be outside of the city limits and located within a community of less than 20,000 people.

If you have more questions about USDA Loan Eligibility, Consumer Real Estate Finance Co. is here to answer all your questions. Our certified loan agents will walk you through the application process and offer advice on USDA Loan eligibility. For more information, please fill out the application on this page, or call one of our certified USDA loan agents at 1-866-854-4242.

Minnesota’s USDA Loan Income Limits by County

Eligibility restrictions for Minnesota USDA Loans also include the county and zip code the property resides in, as well as, your past credit history and number of dependents.

In addition, because they are designed for families with moderate to lower incomes, the income of homebuyers looking into a Minnesota Rural Development Home Loan cannot exceed their county’s set limit:

Minnesota USDA Loan Adjusted Maximum Income Limits by County
Updated 05/01/2009

 

As a resident of the great state of Minnesota, you do not have to navigate the sometimes confusing USDA Loan application process alone. The certified agents at Consumer Real Estate Finance Co. are here to help. Contact us today for assistance!