The applicant must have a good credit history with a minimum 620 score. 

PITI (Principal, Interest, Taxes and Insurance) cannot exceed 29% of qualifying income without compensating factors.

Total Debt Ratio cannot exceed 41% without compensating factors.

You cannot currently own a home, excluding manufactured homes.

Home must be your primary residence.

You must be under the income limit for the county you are purchasing in.  This includes the income of ALL people who will be occupying the home even if they are not on the new mortgage.  Click the link below to see if you are under the Rural Development income limit.