USDA

USDA Program Highlights

FirstBank Correspondent division fully supports the USDA Rural Housing mission to provide housing to low and moderate-income families in rural America. Our USDA program has no overlays. We have a team of industry veterans dedicated to the mission of the USDA rural housing program.

USDA Program Highlights

  • Purchase and Refinance (Streamline and Non-Streamlined) Programs are available
  • Down payment is not required; 100% financing is available
  • 102% financing of the appraisal value (closing costs and guarantee fee can be rolled in)!
  • FICO scores down to 600
  • Non-traditional credit, as allowed per USDA guidelines, is acceptable
  • No cash reserves are required
  • USDA Property location and income limits apply
  • Training webinars available to our clients!