USDA Loans in Connecticut

USDA LOAN BENEFITS IN CONNECTICUT
USDA Home Loans offer flexible credit requirements along with NO MONEY DOWN. The interest rates are competitive and you can close your loan in roughly 45 days. The USDA Home loan is a great loan for those individuals with limited and average or below average credit profiles. A credit score of 620 is required to qualify for a USDA Loan, and a credit score of 640 drastically increases your chances. If you are close to either of these credit scores, contact one of our USDA Loan agents today to see how we can help you improve your credit score.

USDA LOAN ELIGIBILITY IN CONNECTICUT
There are many areas in Connecticut that are eligible for the USDA loan. You should never assume an area will not qualify as the lines dividing the areas set by the USDA Loan Program are not always as straightforward as city lines. A common misconception is that the home needs to be a farm or in a farm setting to qualify for a USDA Loan. However, areas with a population less than 35,000 people will qualify for a USDA Loan and many other areas will surprise you.

To qualify for a USDA Loan, USDA Loan Underwriters will want to make sure that you meet income guidelines. USDA Loan income guidelines are based off of your household size and the county of your residence. Below is a list of income limits by county in Connecticut.

County Name Family Size 1-4 Family Size 5-8
Fairfield $99,200 – 130,150 $130,950 – 171,800
Hartford $99,200 $130,950
Litchfield $99,200 $130,950
Middlesex $99,200 $130,950
New Haven $99,200 $130,950
New London $99,200 $130,950
Tolland $99,200 $130,950
Windham $99,200 $130,950
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