Government
USDA Guaranteed Mortgages
Dreaming of owning a home in a rural area? CMRE's USDA Guaranteed Mortgage program can make that dream a reality. With no down payment required for eligible borrowers and competitive rates starting at 6.25%, this program opens doors to affordable homeownership in designated rural areas.
Program Benefits
No down payment required for eligible borrowers, reducing upfront costs.
Competitive interest rates, starting at 6.25%, making homeownership more affordable.
Government guarantee reduces lender risk, often resulting in easier qualification.
Finance up to 100% of the appraised value, minimizing out-of-pocket expenses.
Available for both new home purchases and refinancing existing USDA loans.
Potential for lower monthly mortgage insurance premiums compared to other loan programs.
Program Highlights
Max LTV
96.5%
Min Credit Score
580
Max DTI
55%
Loan Amount Range
$50K - $1.5M
Amortization Options
Eligible Properties
- Single Family
- Townhouse
Program Requirements
Income Documentation
- •Stable and verifiable income is required to demonstrate repayment ability.
- •Income must fall within USDA-established limits for the designated rural area.
- •Household income considered, including all adult occupants.
- •Proof of income, such as pay stubs and tax returns, is required.
Asset Verification
- •Limited asset requirements compared to conventional loans.
- •Sufficient funds to cover closing costs and any required reserves.
- •Verification of asset sources through bank statements.
- •Gift funds may be allowed with proper documentation.
Insurance & Title
- •Mortgage insurance is required to protect the lender in case of default.
- •Upfront guarantee fee (typically financed into the loan amount).
- •Annual guarantee fee, paid monthly as part of your mortgage payment.
- •Hazard insurance (homeowner's insurance) is required.
Property Requirements
- •Minimum FICO score of 580.
- •A history of responsible credit management is crucial.
- •Review of credit report for past delinquencies or bankruptcies.
- •May require a stronger credit profile for higher loan amounts.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
CMRE requires a minimum FICO score of 580 for a USDA Guaranteed Mortgage.
One of the key benefits of the USDA loan program is that it typically does not require a down payment for eligible borrowers.
Income limits vary depending on the location and household size. Contact CMRE to determine the specific income limits for your area.
The USDA provides an online tool to check property eligibility. You can also contact CMRE, and we can assist you in verifying the eligibility of a property.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
