How do you find homes eligible for a USDA loan?

How do you find homes eligible for a USDA Loan?

This is a critical part to the foundation of USDA eligibility, because first you must be able to find a home that is in a USDA eligible area.

In today’s video, I will walk you through the process of how to search for homes that are in a USDA eligible area.

Not all lenders specialize in USDA loans, so if you have been previously denied, feel free to take advantage of our free 2nd opinion service (SOS). This is a great way to get a complimentary expert 2nd opinion and see if we can keep your financing on track.

How do you find a home that is eligible for a USDA loan?

OK, so now let’s walk through the steps of how to search for a USDA eligible property:

First off, go to the USDA eligibility homepage to start you search on how to find a home that is eligible for a USDA loan. (I have included a link below for your convenience)

Then, on the left hand side, click on the Single Family housing Guaranteed tab.

After that click the Property Eligibility option.

Next, you will accept, which is under the property eligibility disclaimer to the right and now, you can either type in a specific address or be more broad in your search by including a city, state, and zip code, or just use the map to search an area

Wow, just see how close a property could be for either an eligible or ineligible area!

Once the search is completed, you will then be able to confirm if a property is currently eligible for a USDA Loan.

USDA ELIGIBILITY HOME PAGE

Now, I realize that many areas may already be completely eligible, but for those who are working in markets which contain ineligible portions, it is critical to know how find a home that is eligible for a USDA loan .

We understand that the USDA qualifying process can be confusing, but don’t let the details overwhelm you, because that is where we step in to help.

As a USDA approved lender, Metroplex Mortgage Services has expertise with this unique program, and are able to walk both homebuyers and Realtors through the process step by step.

Whether you are trying to find a home that is eligible for a USDA loan in Florida, Texas, Tennessee, or Alabama, just simply call or email to discuss your scenario, start a new pre-qualification, or if you want to take advantage of our free 2nd opinion service for a transaction that is already in progress.

Remember, finding a home that is eligible for a USDA loan is a critical part to the USDA loan qualifying process and we are here to help!