USDA LOAN BENEFITS IN OREGON
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 OREGON
To qualify for a USDA Loan, the home you wish to purchase in an area approved by the USDA Loan program. Typically, these cities will have a population of less than 35,000 people. The areas are not as clearly defined by city lines but are established by the USDA Loan program guidelines. If you meet the income and credit guidelines, apply now for a USDA Loan and let one of our certified USDA Loan agents do the rest of the work to determine if the home you wish to purchase will qualify.
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 Oregon.
Income Limits for Oregon
| County Name | Family Size 1-4 | Family Size 5-8 |
|---|---|---|
| Baker | $78,200 | $103,200 |
| Benton | $94,100 | $124,200 |
| Clackamas | $85,900 | $113,400 |
| Clatsop | $78,200 | $103,200 |
| Columbia | $85,900 | $113,400 |
| Coos | $78,200 | $103,200 |
| Crook | $78,200 | $103,200 |
| Curry | $78,200 | $103,200 |
| Deschutes | $78,200 | $103,200 |
| Douglas | $78,200 | $103,200 |
| Gilliam | $78,200 | $103,200 |
| Grant | $78,200 | $103,200 |
| Harney | $78,200 | $103,200 |
| Hood River | $78,200 | $103,200 |
| Jackson | $78,200 | $103,200 |
| Jefferson | $78,200 | $103,200 |
| Josephine | $78,200 | $103,200 |
| Klamath | $78,200 | $103,200 |
| Lake | $78,200 | $103,200 |
| Lane | $78,200 | $103,200 |
| Lincoln | $78,200 | $103,200 |
| Linn | $78,200 | $103,200 |
| Malheur | $78,200 | $103,200 |
| Marion | $78,200 | $103,200 |
| Morrow | $78,200 | $103,200 |
| Multnomah | $85,900 | $113,400 |
| Polk | $78,200 | $103,200 |
| Sherman | $78,200 | $103,200 |
| Tillamook | $78,200 | $103,200 |
| Umatilla | $78,200 | $103,200 |
| Union | $78,200 | $103,200 |
| Wallowa | $78,200 | $103,200 |
| Wasco | $78,200 | $103,200 |
| Washington | $85,900 | $113,400 |
| Wheeler | $78,200 | $103,200 |
| Yamhill | $85,900 | $113,400 |
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