USDA Rural Guaranteed 100% Loan Program for Polk County

Mortgage and Lending with Guild Mortgage Co - Oak Harbor WA

I have had several people interested in obtaining a USDA home loan for property in Marion, Polk, Linn and Benton Counties.  I've put together a map of part of the county that should help in identifying areas that qualify for this program. 

As you might know - it's one of the last TRUE 100% home loans available - and it doesn't have PMI!  The rates are comparable to FHA, so it's a very affordable payment!  You do not have to have PRESTINE credit, but we generally want to see scores above 580, and 12 months of "clean credit."

USDA does require that the property be located in a less populated area.  It does not need to be a farm - but it can't be located downtown either.


The "darker" areas do NOT qualify.  However, as you can see - that is basically the the Salem area for Marion and Polk counties, Albany for Linn County and Corvallis for Benton County - urban growth boundary and anywhere else in these counties are eligible for this type of financing.  That includes Stayton, Dallas, Sweet Home, Philomath and Harrisburg as part of the counties that are included in this financing.

If you are interested in property in this area and would like to see if the address falls within the USDA "footprint" click here

So - THE TIME IS RIGHT!  We have many properties on the market, we have MONEY TO LEND, and the Federal Government is giving First Time Homebuyers a $7500 tax credit if they purchase prior to next summer!

For more information on USDA loans, and to see if your household income qualifies for this NO PMI loan, please click here


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Fred Chamberlin

Oak Harbor/Whidbeynulls, #1 Experienced FHA Mortgage Consultant
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