USDA Loans in Virginia: what to know
- We arrange usda loans for Virginia homes nationwide, submit your scenario and we will confirm the licensed loan officer for your state.
Who it is for
- Buyers in eligible rural and suburban areas
- Moderate-income households
- Buyers with little cash for a down payment
Typical USDA Loans requirements in Virginia
| Down payment | $0 |
|---|---|
| Upfront guarantee fee | 1% of the loan amount (can be financed) |
| Annual fee | 0.35% of the balance, paid monthly |
| Income limit | Generally up to 115% of area median income |
| Property location | Must be in a USDA-eligible area |
| Minimum credit | Typically 640 for automated approval |
| Occupancy | Primary residence only |
Figures are typical market ranges as of October 2026. Actual terms depend on the lender, your credit, the property and the program, and are confirmed on your Loan Estimate or term sheet.
How it works
- Check the property address on the USDA eligibility map.
- Confirm household income is within the county limit.
- Get pre-approved and find a home.
- USDA appraisal and lender underwriting, then USDA issues its guarantee.
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Pros and cons
Advantages
- No down payment
- Lower mortgage insurance cost than FHA
- Closing costs can sometimes be financed
Trade-offs
- Location and income limits
- Primary residence only
- Extra USDA review can add time
Documents you’ll need
- Income documents for every adult in the household
- Bank statements
- Photo ID
USDA Loans FAQ
Can I get an USDA Loan in Virginia?
Yes. We arrange usda loans for Virginia properties nationwide, submit your scenario and we will confirm the licensed loan officer for your state.
Is a USDA loan only for farms?
No. Many suburban and small-town neighborhoods qualify. The property just has to be in a USDA-eligible area.
What is the USDA income limit?
It varies by county and household size, generally up to 115% of the area median income.
How do I check if a property is USDA eligible?
Use the USDA eligibility map online and enter the address. Many suburban neighborhoods on the edge of metro areas qualify.
What are the USDA loan fees?
A 1% upfront guarantee fee (can be financed) plus an annual fee of 0.35% of the balance, paid monthly. On a $250,000 loan that is about $73 per month.
What credit score do I need for USDA?
640 is the common threshold for automated approval. Below that, manual underwriting is possible but harder.
Can I use a USDA loan more than once?
Yes, as long as you still meet the location and income rules and the home is your primary residence.
How long does a USDA loan take to close?
Typically 45 to 60 days. After the lender approves, USDA itself reviews the file, which adds 1 to 2 weeks.
Do I need a down payment for USDA?
No. $0 down is the headline feature. You still need cash for closing costs, though some can be financed or covered by seller concessions.
USDA vs FHA: which is better?
USDA wins if you qualify: no down payment and cheaper monthly insurance. FHA works anywhere with no income cap.
Official sources
How USDA Loans compare
| USDA Loans | FHA Loans | VA Loans | First-Time Homebuyer Loans | |
|---|---|---|---|---|
| Best for | Buyers in eligible rural and suburban areas | First-time buyers | Veterans and active-duty service members | Renters ready to buy |
| Down payment | $0 | , | $0 with full entitlement | 0% VA, 3% conventional, 3.5% FHA |
| Credit | Typically 640 for automated approval | 580 for 3.5% down; 500–579 with 10% down | VA sets no minimum; lenders commonly look for 580–620 | , |
| Income docs | , | , | , | , |
Typical ranges, your Loan Estimate or term sheet confirms actual terms.
Coming soon: a 2-minute walkthrough from our loan team.
Related programs
FHA Loans
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
VA Loans
A VA loan is a mortgage guaranteed by the Department of Veterans Affairs that lets eligible veterans, active-duty service members and certain surviving spouses buy with no down payment and no monthly mortgage insurance.
First-Time Homebuyer Loans
First-time homebuyer loans are mortgage options with low down payments, typically 3% conventional, 3.5% FHA or $0 VA, often paired with state or local down payment assistance.