A great benefit of the USDA Home Loan is you don’t need perfect credit. A borrower’s credit may have blemishes from collections or previous late payments. For others, it may be a complete lack of credit or no active credit accounts. Nonetheless, these issues can usually be overcome.

For those who have limited credit, alternative credit may be used. Alternative credit are accounts, such as; electricity, rental history, cable bill, phone bill, auto insurance, renter’s insurance, etc. These types of accounts may be used to supplement traditional credit accounts such as auto loans and credit cards.

Contact us to speak to a USDA Home Loan Specialist if you need help understanding your credit situation and what type of documentation you may need.