USDA Home Eligibility Map
To find out if the home you are looking at is eligible for a USDA loan, you can complete an address verification form or view the USDA home eligibility map.
If you are a home buyer looking to live near the plains rather than the pavement, the U.S. Department of Agriculture and Landmark National Bank have a mortgage loan just for you: a USDA loan. This type of home loan requires zero down payments for low- to moderate-income residents who want to live in designated rural areas across the state.
Issued by the USDA’s Rural Development Guaranteed Housing Loan Program, USDA loans provide mortgage assistance for those who have an affinity for country living. Both first-time home buyers and those who do not meet the requirements for conventional loans are eligible for USDA loans. Landmark National Bank is recognized by the USDA as the top mortgage lender in Kansas for Guaranteed Home loans.
Homes purchased with a USDA loan must be in designated rural areas, such as open country or any town, village, city, or place (including the immediate adjacent densely settled area) which is not part of or associated with a metropolitan statistical area (MSA). It’s important to note that the maximum population of a rural area for a USDA loan is 20,000.
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To find out if the home you are looking at is eligible for a USDA loan, you can complete an address verification form or view the USDA home eligibility map.
Because USDA home loans are oriented towards buyers with low- to moderate-incomes, there are set income limits based upon the Kansas county your home is in and your family size. For updated loan limits, feel free to review the USDA’s Direct Limit Map or input your information into the Single Family Housing Income Eligibility form today.
Aside from finding a property in an eligible area and income restrictions, the USDA also requires USDA loan borrowers to meet certain eligibility requirements, including:
USDA loans are typically given to applicants who are deemed to have the greatest needs. According to the USDA, applicants who need decent, safe, and sanitary housing, are unable to secure a home loan via traditional means, or have an adjusted income at or below the low-income limit for the area where they live are typically given priority by the USDA when applying for this loan. Dive into our Quick Rate Calculator for additional insight before speaking to our mortgage specialists.
Speak to one of our customer service representatives or contact us today.
If you’re a first-time home buyer in Kansas, Landmark National Bank is here to help you through the process. With a variety of programs that offer financial assistance to first-time home buyers—as well as competitive mortgage rates in Kansas—our team of mortgage specialists can help you close on your first home with ease. Reach out to one of our team members near you today to learn more about our first-time homebuyer programs like USDA loans in Kansas.