USDA LOAN BENEFITS IN IDAHO
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.
If the home you purchase has a well, and not city water USDA has stipulated that the local health authority or a state-certified laboratory must perform a water quality analysis and that the results must “meet” or “exceed” the EPA minimum thresholds for lead, nitrates, nitrites, and coliform. The written results must state that the four tests were conducted, list the results, and show that they exceed the established thresholds. Properties that require a water treatment system for the well water to meet the minimum potability standards are not considered eligible.
USDA LOAN ELIGIBILITY IN ALASKA
USDA Loans are available to many of Idaho’s residents. While a city like Boise would not qualify for a USDA Loan, many of Boise’s suburbs would qualify. In fact, 95% of Idaho would be eligible for a mortgage through the USDA Loan Program. To see if your home qualifies, please apply and one of our certified USDA Loan agents will take care of the rest.
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 Idaho.
Income Limits for USDA Loans in Idaho
| County Name | Family Size 1 -4 | Family Size 5 – 8 |
|---|---|---|
| Ada | $78,200 | $103,200 |
| Adams | $78,200 | $103,200 |
| Bannock | $78,200 | $103,200 |
| Bear Lake | $78,200 | $103,200 |
| Benewah | $78,200 | $103,200 |
| Bingham | $78,200 | $103,200 |
| Blaine | $92,700 | $122,350 |
| Boise | $78,200 | $103,200 |
| Bonner | $78,200 | $103,200 |
| Bonneville | $78,200 | $103,200 |
| Boundary | $78,200 | $103,200 |
| Butte | $78,200 | $103,200 |
| Camas | $78,200 | $103,200 |
| Canyon | $78,200 | $103,200 |
| Caribou | $78,200 | $103,200 |
| Cassia | $78,200 | $103,200 |
| Clark | $78,200 | $103,200 |
| Clearwater | $78,200 | $103,200 |
| Custer | $78,200 | $103,200 |
| Elmore | $78,200 | $103,200 |
| Franklin | $80,200 | $105,850 |
| Fremont | $78,200 | $103,200 |
| Gem | $78,200 | $103,200 |
| Gooding | $78,200 | $103,200 |
| Idaho | $78,200 | $103,200 |
| Jefferson | $7578,200650 | $99103,200850 |
| Jerome | $78,200 | $103,200 |
| Kootenai | $78,200 | $103,200 |
| Latah | $78,200 | $103,200 |
| Lemhi | $78,200 | $103,200 |
| Lewis | $78,200 | $103,200 |
| Lincoln | $78,200 | $103,200 |
| Madison | $78,200 | $103,200 |
| Minidoka | $78,200 | $103,200 |
| Nez Perce | $78,200 | $103,200 |
| Oneida | $78,200 | $103,200 |
| Owyhee | $78,200 | $103,200 |
| Payette | $78,200 | $103,200 |
| Power | $78,200 | $103,200 |
| Shoshone | $78,200 | $103,200 |
| Teton | $78,200 | $103,200 |
| Twin Falls | $78,200 | $103,200 |
| Valley | $78,200 | $103,200 |
| Washington | $78,200 | $103,200 |
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