As well as the product-specific requirements outlined above, there a couple of other factors affecting eligibility
- Location: To be eligible for a a USDA loan, a buyer or home owner must certanly be looking to purchase (or already real time) in an area that is usda-eligible typically rural communities and far-flung exurban areas in the sides of larger towns and cities. You likely don’t qualify if you live within easy commuting distance of major hub cities such as San Francisco, Chicago, or Boston.