USDA
Credit Requirements

– Minimum two tradelines rated for at least 12 months

– Minimum middle credit score of 580

– No lates reported on credit report in the past 12 months

– Long Term Include payment if more than 10 monthly payments remain

– Obligations included with 10 or less payments if the monthly payment >=5% of monthly repayment income

– Revolving Include minimum payment per credit report. May use 5% if no payment shown

– Eligible tradelines: installment, revolving/credit cards, collections, charge-off, or deferred

– Tradelines may be secured, unsecured, open, closed, and/or paid in full

– Borrower has made all payments for past 12 months prior to application