: Must be a modest, safe, and sanitary primary residence. Some lenders may restrict homes with in-ground swimming pools or those larger than 2,000 square feet. Complementary Programs for Teachers
The USDA offers two primary paths depending on your income level. Both allow you to buy, build, or renovate a primary residence in eligible rural areas. usda home buying loan programs for teachers
: The property must be in a USDA-eligible rural area , generally defined as a town with a population under 35,000. : Must be a modest, safe, and sanitary primary residence
: There is technically no minimum credit score set by the USDA, though private lenders for guaranteed loans often require a score of 640 or higher . Both allow you to buy, build, or renovate
: Offers a 50% discount on the list price of homes in designated revitalization areas for teachers who commit to living there for three years.
: Terms are typically 33 years , extending to 38 years for those with very low incomes to ensure affordability. Eligibility and Requirements