USDA Eligibility Guide
“Find out if you’re eligible for a USDA home loan with iLoan!”
Trenton, FL USDA Loan Eligibility Guide
1. Property Eligibility:
-
- The home must be located in a USDA-eligible rural or suburban area around Trenton, FL. The USDA provides an online tool to help potential borrowers determine if a specific property is in an eligible area.
- The property must be used as the borrower’s primary residence.
- The home must meet all local codes and program regulations.
2. Applicant/Household Eligibility:
-
- U.S. citizenship or permanent residency is required.
- The borrower must be unable to obtain a loan from other resources on terms and conditions that can reasonably be expected to meet.
- The applicant must have a stable and dependable income, typically verified by two years of consistent employment. The income must also be sufficient to cover the mortgage payment, including taxes and insurance.
- The household’s adjusted income must be at or below the applicable low-to-moderate income limit for the area.
- A reasonable credit history. While a specific credit score is not mandated, a credit score of 640 or higher is typically required for streamlined processing. However, those with lower scores may still be eligible but may undergo a more stringent evaluation.
Questions Call (888)416-4805
Get Pre-Approved Now

Get cash from your home.
Apply to see how a cash out refinance can help you.

Homebuyer Seminars
Discover the keys to homeownership at our local Trenton, FL home buying seminars – your first step towards securing your dream home!

See our home loans.
Explore our diverse range of home loan programs tailored to fit your unique needs!
3. Income Limits:
- Income limits vary by county and household size. You’ll need to check with our Trenton, FL USDA service center or the USDA’s online tools to see specific limits.
4. Loan and Debt Ratios:
- Typically, a 29/41 ratio is followed. This means that 29% or less of your monthly income can go towards your mortgage (Principal, Interest, Taxes, and Insurance) and 41% or less of your monthly income can go towards your total debt (this includes the mortgage and other debt obligations). Exceptions can be made in certain circumstances.
5. Other Requirements:
- Borrowers must personally occupy the dwelling as their primary residence.
- The borrower must be legally able to take on the loan obligation.
- First-time homebuyers are required to take a homeowner counseling class in some situations.
6. Loan Terms:
- The loan term is typically 30 years.
- No down payment is usually required.
- The interest rate can be set by the lender but is subject to USDA review.
7. Guarantee Fee and Annual Fee:
-
- The USDA charges an upfront guarantee fee, which can be rolled into the loan amount.
- There’s also an annual fee, which is a percentage of the remaining principal amount, typically spread out in monthly installments.
It’s crucial to remember that while these are the general requirements for Trenton USDA mortgages, eligibility details can change. It’s always a good idea to consult with one of our Trenton, FL USDA home loan professionals. Get pre-approved with our easy and stress free Trenton, FL USDA home mortgage today.
Do you need a Pre-Approval?
Get a same day Trenton, Florida USDA pre-approval to shop for your dream home!
Mortgage Resource Center
Discovering Illinois: Top Regions for USDA Home Loans
Illinois, a state known for its diverse landscape that ranges from bustling cities to serene farmland, offers a myriad of opportunities for Read moreBuying a Home Before Spring is a Smart Move
Seize the Opportunity: Why Buying a Home Before Spring is a Smart Move As we transition from the Read moreLearn about the USDA Guarantee Fee and Annual Fee
The USDA Guarantee Fee and Annual Fee are critical components of the USDA loan program, designed to make home buying Read more
We also provide USDA home loans in the following cities
More About Trenton, Florida
Trenton is a city in Gilchrist County, Florida, United States. The population was 1,999 as of the 2010 census, and in 2018 it was estimated to be 2,125. It is the county seat of Gilchrist County.
Trenton is located near the southern border of Gilchrist County at 29°36′54″N 82°49′4″W / 29.61500°N 82.81778°W / 29.61500; -82.81778 (29.615081, –82.817732). U.S. Route 129 is the city’s Main Street; it leads north 28 miles (45 km) to Branford and south 11 miles (18 km) to Chiefland. Florida State Road 26 (Wade Street) leads east 13 miles (21 km) to Newberry and 30 miles (48 km) to Gainesville, while to the west it leads 8 miles (13 km) to Fanning Springs. Florida State Road 47 (Trenton Boulevard) intersects US 129 in the northern part of Trenton and leads northeast 42 miles (68 km) to Lake City.
According to the United States Census Bureau, the city of Trenton has a total area of 3.4 square miles (8.8 km2), all land.
Trenton is in a rural area and is the hometown of country music singer Easton Corbin. The Florida Department of Corrections’ nearby Lancaster Correctional Institution is 3 miles (5 km) from Trenton.
The first Paleo-Indians reached the central Florida area near the end of the last ice age, as they followed big game south. As the ice melted and sea levels rose, these Native Americans ended up staying and thrived on the peninsula for thousands of years. By the time the first Spanish conquistadors arrived, there were over 250,000 Native Americans living on the peninsula. The Timucua were a historic tribe across the north central area of Florida, where Trenton later developed.