Qualification

• You must be able to qualify for credit with a conventional financing company.
  
  

Citizenship

• Borrowers must be citizens or permanent residents of the United States to qualify for USDA loans. This includes the 50 states, Puerto Rico, the U.S. Virgin Islands, Guam, the Commonwealth of Northern Marianas, the Marshall Islands, Paulau or American Samoa. Nonresidents must have proof that they have applied and been accepted for citizenship.
  
  

Score

• The USDA looks for credit scores between 680 and 620.
  
  

Bankruptcy/Foreclosure

• Borrowers with a score below 620 cannot have bankruptcy or foreclosure on their credit report within 36 months.
  
  

Collections

• Borrowers with a score below 620 cannot have had accounts sent to collections within 12 months or accounts currently in collections.
  
  

Rent

• A borrower with a credit score of 620 cannot have more than two late rent payments within the last year.