Welcome to Snohomish County’s USDA Home Loan Research Center. I have put together some valuable information and tools to help you gather all of the information that you need pertaining to the Washington State USDA Rural Development Home Loan Program. In the event that the home that you are looking for is NOT located in a Rural Development approved region, there are other ZERO down alternatives that you may consider. As you begin your research process, if you may have any questions, me and my team are available to answer those questions and get you the information that you need.
Sometimes good credit and a down payment are not enough to qualify for a home loan at a commercial lending institution, such as a bank, savings and loan or with a mortgage broker. That is why the U.S. Department of Housing and Urban Development has provided a loan program that allows more rural families and individuals to be eligible to become homeowners with the help of a USDA guaranteed home loan. The USDA loan program allows:
The USDA-RD loan program DOES have 2 main qualifying features:
(1) Eligibility is region or location specific CLICK HERE to check if an address is USDA Eligible.
(2) Eligibility is income specific. Qualifying income is based on household members and a max income cap. CLICK HERE to see if you qualify under the max income cap.
Is My Property USDA Rural Development Eligible?
Click here to enter a property address or watch the short video below for instructions
If the home you are wanting to purchase for Zero Down is NOT eligible for USDA financing, consider looking into the House Key State Bond First Time Homebuyer Program with Dan Keller. A 5-hour homebuyer education course is required to receive the State Bond that is allowed to be used for your down payment up to $10,000. The class is sponsored by the Washington State Finance Commission and is taught by House Key Approved Lender Dan Keller. For more information on USDA qualifying criteria, please review this handout that I made that details the USDA program. USDA Handout For Home Buyers.