![]() If the area has 20,001 to 35,000 residents, it must have once been considered rural but lost its status in the 1990, 2000, or 2010 Census.There also must be a serious lack of mortgage credit for low- and moderate-income families. If the area has 10,001 to 20,000 residents, it cannot be located in an MSA.It must have no more than 10,000 residents.Rural areas must fall into one of the three following categories: To set these rural areas, the USDA factors in a community’s population, its proximity to a major metropolitan statistical area (MSA), and overall access to mortgage credit in the area. What is Considered a “Rural” Area According to the USDA?Ī home must be located in a “rural” part of the country to be eligible for USDA financing. If the property shows up in a shaded area of the USDA eligibility map, it is not currently eligible. Simply type the property address into the tool, press enter, and you’ll see if the home is eligible for USDA financing. The easiest way to determine USDA property eligibility is to look up the address in the map above. An area with a population of 35,000 or less can be considered “rural” in the USDA’s eyes. *īuyers in large cities and more densely populated suburbs aren’t eligible for these loans, but many living in surrounding towns and cities may be. Those areas claim about 109 million Americans - or around a third of the country’s entire population. land is located within USDA-eligible boundaries. In fact, you might be surprised at just how much of the country is actually eligible for these loans.Īccording to the Housing Assistance Council, a whopping 97% of U.S. Though USDA loans are often referred to as rural housing loans, you don’t have to live in the country or purchase farmland to use them. USDA Loan Property Eligibility Requirements
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