Richard's Real Estate Thoughts - Chattanooga TN Mortgage Lender

USDA Rural Development Loans: Chattanooga and Hamilton County

USDA Rural Development loans provide eligible borrowers with a 100% loan to value (no down payment) mortgage to finance their home purchase. USDA can be one of the most attractive financing options. Two basic eligibility requirements must be met, in addition to basic mortgage credit and income requirements.

First the borrower’s household income must be below maximum limits. For 2016, in Hamilton County and surrounding counties in TN and GA, the income limit for a household of 4 persons or fewer is $75,650. For Hamilton and surrounding TN and GA counties, the income limit increases to $99,850 for a household of 5 or more persons.

Second the property must be in an eligible area. Chattanooga proper is not eligible because the USDA Rural Development program targets moderate housing in areas classified as rural. Several areas in Hamilton County though are eligible. The basic boundaries in Hamilton are along Thrasher Pike, Hunter Road, and Ooltewah-Ringgold Rd. The eligible areas include much of Soddy Daisy, Ooltewah, and Apison.

If you have questions about USDA Rural Development 100% financing, please contact me.


Thank you for visiting. This is the professional blog for

Richard Smith
NMLS# 184479 TN# 104002 GA# 28928 

Conventional, FHA, FHA 203k, HUD $100 down purchases, VA,

Rural Development ( USDA), and Jumbo Loans


Lending in Chattanooga, Tennessee and Georgia for over 20 years.

Sierra Pacific Mortgage

Cell phone: 423-280-0345 Email: Richard.Smith@SPM1.com

Visit my website to inquiry about a home loan.

Read my most recent articles in Scotsman Guide.

This blog represents the opinions of Richard Smith. The posts and comments written on the blog do not represent the opinions or positions of Sierra Pacific Mortgage. 

Comment balloon 0 commentsRichard Smith • September 27 2016 09:09AM
USDA Rural Development Loans: Chattanooga and Hamilton County
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