USDA Loans

USDA Loans

USDA Loans: Home Financing You Can Afford

Are you interested in purchasing a home in a rural area and have low to moderate income? A USDA loan is a unique home financing opportunity to consider. USDA loans are a type of government-backed mortgage with amazing benefits. These loans have minimal approval requirements when compared with conventional loans. Our certified loan officers have more than 20 years of experience working with clients in Boise, Pocatello, Blackfoot, Idaho Falls, Rigby, Rexburg, and nearby Idaho. We can offer competitive rates and a personalized touch that big banks simply cannot. If you’re interested in further exploring a USDA loan to finance the home of your dreams, contact Bell Financial Group today to get started.

The Basics of USDA Loans

USDA loans are a type of nonconventional loan, which is a mortgage that is insured, in part, through a division of the federal government and funded through private lenders – like Bell Financial Group. Nonconventional loans differ from conventional loans, which are privately insured. There are several types of nonconventional loans, each of which is designed for different types of people with different goals. USDA loans are backed by the U.S. Department of Agriculture, which provides several programs to help very low to moderate-income families find safe, affordable housing.

The main type of USDA loan we deal with is known as a Single-Family Home Loan Guarantee, because it “guarantees” private lenders that they will be reimbursed in the even that a borrower defaults. Because the USDA backs these nonconventional loans, it allows lenders like Bell Financial Group to finance clients who might otherwise be eligible for conventional home financing based on their own finances.

USDA loans are limited to up to have 0% required down payment and competitive, fixed interest rates. They can be used to buy, build, or repair a home or, in some cases, to refinance an existing mortgage in approved rural areas. If these great benefits sound good to you, consider the following qualifying requirements.

Qualifying for USDA Loans

To qualify for a USDA loan, you and your family must meet some requirements, as will the property you plan to purchase.

Because USDA loans are designed to help clients who otherwise not receive financing, applicants are subject to income limits. It’s important to talk to us directly about those limits depending on where you plan to purchase. For many of our local rural areas, 1-4-person families are capped at $78,200 total income, while eligible families with 5-8 people cannot make more than $103,200.

In addition to income limits, you should note that you must promise to personally occupy your new home, be a U.S. citizen, national or Qualified Alien, and demonstrate your ability to make monthly payments on your mortgage and other homeowners’ expenses.

Our loan officers can quickly determine if the property or home you plan to purchase or renovate is in a rural area covered by USDA loans. Your new home must also pass an inspection and undergo an appraisal before you can gain approval.

Let Us Be Your Home Financing Guide

The home financing experts at Bell Financial Group have more than 20 years of experience, providing the one-on-one care that only a local, dedicated team can. We have helped clients in all types of situations find home financing, even when would-be borrowers thought the dream of owning a home seemed out of reach. Our team doesn’t work for banks; we work for you. With in-house processing, direct access to underwriters and fast answers, we have the one-stop-shop financing power you deserve. When you’re ready to learn more about USDA loans and other mortgage solutions, contact Bell Financial Group. We serve clients in Boise, Pocatello, Blackfoot, Idaho Falls, Rigby, Rexburg, and nearby Idaho, and we’d love to hear from you.


AK Bell Inc. NMLS # 2066
dba Bell Financial Group

Licensed in
AZ MB# 1039479
ID MBL# 5631
Montana, Utah, and Wyoming

Contact Us

Bell Financial Group
1833 E 17th Street
Idaho Falls, ID 83404
(208) 932-4559