Finding out if a USDA home loan is right for you no longer has to be a challenge. At USA Mortgage, our mission is to make sure that you’re under the right direction throughout the home loan process. We’ll help make sure you understand each aspect of a USDA mortgage and ensure that you have all the information and tools necessary to purchase your new Springfield, MO home. Why wait any longer? Our process is simple, so you can effortlessly apply. Let’s get started.
Springfield, MO USDA Home Loans
What is a USDA Home Loan?
Made for rural development, USDA loans offer rural homebuyers in the Springfield area a mortgage option with no down payment required. The catch is that the property you’re looking at must meet USDA location and condition requirements. If it does meet said criteria, then you can purchase, build, or improve a primary residence with the help of a USDA loan.

Eligibility is not just restricted to first-time home buyers when it comes to USDA loans. But there are a few requirements. For one, U.S citizenship or permanent residency is a must. As well as, proof of a consistent income — usually for at least 24 months — an acceptable credit history, and a monthly payment that’s 29% or less of your monthly income. It’s recommended that your monthly payment does not exceed 41% of your income unless you have a credit score of 680 or higher. Credit scores of 640 or above typically meet the required minimum for most USDA-approved lenders. If you have a lower or no credit score then there will be a few more underwriting standards that may be necessary.
- 01.
- 02.
- 03.
What our clients have said
Your Next Home in Springfield Starts Here.
Apply today to learn more about our USDA Loans
Ready to Apply for a USDA loan in Springfield, MO? Our Mortgage Loan Originators at USA Mortgage are here to make possibility become a reality. We’ll make the conventional loan process easy and have you ready to move into your home before you know it. So why wait? Apply now and see what rates we’ll provide for you.