Camden County homebuyers who qualify for USDA home loans are discovering the benefits over FHA home loans or conventional mortgages. No Down Payment - Genuinely a 100% home loan 2% loan guarantee fee (rolled into mortgage) replaces costly PMI insurance. Can qualify without high credit score No Minimum Credit History Required No limits to seller concessions - seller is allowed to pay closing costs USDA Rural Home Loans offer rates competitive with FHA and conventional mortgages. There are income caps for the program, however. A family of 1-4 cannot exceed $73,600 annual income; and a family of (0 comments)