USDA LOAN BENEFITS IN MONTANA
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 MONTANA
USDA Loans have flexible underwriting guidelines. In order to qualify for a USDA Loan the home you want to buy must be located in a USDA eligible area. As a general rule, an area is deemed eligible for a USDA Loan if the community has less than 35,000 people. Many cities in Montana will qualify for a USDA Loan.
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 Montana.
Income Limits for USDA Loans in Montana
| County Name | Family Size 1 -4 | Family Size 5 – 8 |
|---|---|---|
| Beaverhead | $78,200 | $103,200 |
| Big Horn | $78,200 | $103,200 |
| Blaine | $78,200 | $103,200 |
| Broadwater | $78,200 | $103,200 |
| Carbon | $78,200 | $103,200 |
| Carter | $78,200 | $103,200 |
| Cascade | $78,200 | $103,200 |
| Chouteau | $78,200 | $103,200 |
| Custer | $78,200 | $103,200 |
| Daniels | $78,200 | $103,200 |
| Dawson | $78,200 | $103,200 |
| Deer Lodge | $78,200 | $103,200 |
| Fallon | $80,050 | $105,650 |
| Fergus | $78,200 | $103,200 |
| Flathead | $78,200 | $103,200 |
| Gallatin | $82,800 | $109,300 |
| Garfield | $78,200 | $103,200 |
| Glacier | $78,200 | $103,200 |
| Golden Valley | $78,200 | $103,200 |
| Granite | $78,200 | $99,850 |
| Hill | $78,200 | $103,200 |
| Jefferson | $91,200 | $120,400 |
| Judith Basin | $78,200 | $103,200 |
| Lake | $78,200 | $103,200 |
| Lewis and Clark | $84,650 | $111,750 |
| Liberty | $78,200 | $103,200 |
| Lincoln | $78,200 | $103,200 |
| Madison | $78,200 | $103,200 |
| McCone | $78,200 | $103,200 |
| Meagher | $78,200 | $103,200 |
| Mineral | $78,200 | $103,200 |
| Missoula | $78,200 | $103,200 |
| Musselshell | $78,200 | $103,200 |
| Park | $78,200 | $103,200 |
| Petroleum | $78,200 | $103,200 |
| Phillips | $78,200 | $103,200 |
| Pondera | $78,200 | $103,200 |
| Powder River | $78,200 | $99,850 |
| Powell | $78,200 | $103,200 |
| Prairie | $78,200 | $103,200 |
| Ravalli | $78,200 | $103,200 |
| Richland | $83,500 | $110,200 |
| Roosevelt | $78,200 | $103,200 |
| Rosebud | $78,200 | $103,200 |
| Sanders | $78,200 | $103,200 |
| Sheridan | $81,300 | $107,300 |
| Silver Bow | $78,200 | $103,200 |
| Stillwater | $85,550 | $112,950 |
| Sweet Grass | $78,200 | $103,200 |
| Teton | $78,200 | $103,200 |
| Toole | $78,200 | $103,200 |
| Treasure | $78,200 | $103,200 |
| Valley | $78,200 | $103,200 |
| Wheatland | $78,200 | $103,200 |
| Wibaux | $78,200 | $103,200 |
| Yellowstone | $78,200 | $103,200 |
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