CBM Mortgage offers USDA Loans which allow for 100% Financing to qualified borrowers.
Are you dreaming of a peaceful home in a rural area, far away from the hustle and bustle of the city? The USDA Rural Development Loan, also known as a USDA loan, can make that dream a reality. At CBM Mortgage, we’re here to guide you through the USDA loan program, a government-backed mortgage initiative designed to help individuals or families purchase homes in rural areas. Let’s explore how USDA loans can open the door to rural homeownership for you.
Key Requirements for USDA Loans
- Location Eligibility: The primary requirement for a USDA loan is that the property you plan to purchase must be located in a designated rural area. The USDA provides an online tool that allows you to easily check if a specific address is eligible, ensuring you make an informed choice.
- Income Limits: USDA loans are tailored for low- to moderate-income households. Income limits are based on the area and the size of your household, and they can vary depending on location and other factors. This feature makes USDA loans an excellent option for those looking to own a home without excessive financial burdens.

- Citizenship or Eligible Non-Citizen Status: Borrowers must be U.S. citizens or legal permanent residents, ensuring that the benefits of USDA loans are directed towards those who are committed to the local community.
- Credit Score: While there’s no specific minimum credit score requirement, most investors prefer borrowers with a credit score of at least 640. Lenders may consider other factors, such as your credit history, to evaluate your creditworthiness. At CBM Mortgage, we’re committed to working with you to find the best solution, even if you don’t have a perfect credit score.
- Debt-to-Income Ratio: Investors typically seek a debt-to-income (DTI) ratio of no more than 41%. This ratio is calculated by dividing your total monthly debt payments by your gross monthly income, ensuring that your mortgage remains affordable in the long term.
- Employment and Stable Income: Having a stable source of income, usually for at least two years, is essential. Be prepared to provide required documents such as pay stubs, tax returns, and employment verification, proving your financial stability and commitment to homeownership.
- Property Eligibility: In addition to location eligibility, the property must meet specific criteria. It should be a single-family, owner-occupied dwelling and meet specific safety and quality standards, ensuring that your future home is a safe and comfortable haven.
- Loan Guarantee Fee: USDA loans typically require a one-time upfront guarantee fee, which can be rolled into the loan amount. There’s also an annual fee that is paid with your mortgage payments. These fees contribute to funding the program and keeping it accessible to prospective homeowners.
- No Down Payment: One of the most appealing features of USDA loans is that they require no down payment. This means you can achieve homeownership without the need for a substantial upfront payment, reducing the initial financial burden.
- Mortgage Insurance: USDA loans require mortgage insurance, including both upfront and annual premiums. This insurance is in place to protect the lender in case of default, while also providing you with the opportunity to secure favorable loan terms.
Consult with CBM Mortgage
USDA loan programs and their requirements can evolve over time, which is why it’s essential to consult with your CBM Mortgage Home Loan Advisor. Our experienced team is here to guide you through the USDA loan application process, provide expert advice, and ensure you meet all the necessary criteria for a successful application.

Unlock the doors to rural homeownership with CBM Mortgage and USDA loans.
Contact your CBM Mortgage Home Loan Advisor today to begin your journey towards the home of your dreams.
Additional terms and conditions apply. All approvals subject to underwriting guidelines. Not all applicants will qualify.
This is an advertisement and not a commitment to lend. THIS PRODUCT OR SERVICE HAS NOT BEEN APPROVED OR ENDORSED BY ANY GOVERNMENTAL AGENCY, AND THIS OFFER IS NOT BEING MADE BY AN AGENCY OF THE GOVERNMENT.