USDA Renovation Loan

USDA Renovation Loan


The USDA Renovation Loan is a great solution for buyers purchasing a home in a rural area. Did you find a home you love, but it needs some love? With this loan you can bundle the cost of upgrades and repairs into your mortgage!

A USDA Renovation Loan allows you to combine your home purchase and renovations into a single loan, with up to 100% financing on the “As-Improved” value. You can make repairs that could correct problems in the home, or simply bring the home up-to-date, all with up to 100% financing.

What can you do?

This loan program is NOT just for fixer-uppers and foreclosures! It can be used to upgrade and update any home to meet your specific needs. This includes repair or installation of septic system and wells, additions and structural alterations, updating kitchens and bathroom, adding energy conservation features, and more!

Did you find a home you love, but it’s just too small? You can use this renovation loan to add square footage, including bedrooms and bathrooms!  Or maybe the house is perfect, except for ugly siding and an old roof? You can use a USDA renovation loan to replace roofing, siding, doors, and windows.

What can you do with a USDA renovation loan? The better question to ask is what CAN’T you do!

Who qualifies?

  • The minimum credit score required to qualify is a 640.
  • You must agree to occupy the home as your primary residence.
  • Your annual household income cannot exceed the program limits. The average annual limit for most areas of Ohio, Indiana, Kentucky, and Florida is approximately $86,850 (family of 1-4) and $114,650 (family of 5-8).
  • You must purchase a property in an eligible rural area.

Want to see if you qualify for a USDA Renovation Loan? Give us a call today at 877-892-8222, or click here to apply online.