USDA Loan Products
USDA
Rural development loans are a great option for your borrowers looking for 100% financing. Recognized as a top government lender, UWM ensures a smooth, quick process for both your clients and referral partners. Count on UWM to hit contract dates on USDA purchases, with direct access to underwriting and industry leading turn times!
- 30-year fixed rate
- No down payment required
- No cash reserves needed
- Closing costs may be financed on some transactions
- Seller contributions allowed
- 620+ FICO and Elite pricing starting at 640+ FICO
- Available on single- and multi-wide, condos and PUDs
Helpful USDA Links:
- The USDA Rural Development homepage
- USDA Rural Development Eligibility site (determine property location and adjusted annual household compliance income limits for your state)
- USDA Service Center Locator (by state)
- Find available USDA properties
- USDA Service Center Agencies eForms
- U.S. Dept. of Housing and Urban Development Credit Alert System (CAIVRS) (verify that your borrower has acceptable results)
Information subject to change. Certain restrictions apply. Subject to borrower approval.
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