Buy The Home. Fix It In The Same Loan.
USDA financing that covers the purchase of an existing home and the work it needs to be right.
Purchase and repair an existing home together
One USDA loan covering the home and the rehabilitation work.
- For the purchase of an existing dwelling that needs rehabilitation or repair.
- The property must sit inside an eligible USDA area.
- The home must be your primary residence.
- Offered on a 30-year fixed term.
- Newly constructed homes are not eligible for this program.
- A complete existing foundation must still be in place and be used; properties where only footings remain do not qualify.
Eligible areas only
Existing homes, not new builds
Primary residence only
30-year fixed term
Repairs financed with the purchase
Existing foundation must remain
What is the Saxton USDA Rehab and Repair Loan?
A USDA purchase loan that also pays for bringing the home up to standard.
Housing outside the metros is often older, and the home that fits your family may need work before it is right. A standard purchase loan will not give you money for that work. This USDA program will, financing the purchase of an existing dwelling and its rehabilitation and repair in the same loan.
The core agency rules still apply. The property has to be located inside an eligible area, which is determined by the address rather than by how the neighborhood feels, and the home has to be your primary residence. It is offered as a 30-year fixed loan.
There are limits on what counts as an existing dwelling. Newly constructed homes are not eligible under this program, and the property needs a complete existing foundation that will actually be used. A site where only the footings remain does not qualify, because at that point it is a build rather than a rehabilitation.
Why choose the Saxton USDA Rehab and Repair Loan?
For buyers looking at homes that need more than a coat of paint.
Repairs Are Not Out Of Pocket
The rehabilitation work is financed alongside the purchase, so you are not funding a roof or a system replacement from savings straight after closing.
Older Homes Become Viable
Listings that other buyers pass over because of condition become realistic options when the repair money is part of the loan.
Eligibility Is By Address
Area eligibility is tied to the property address. We can check a specific listing for you before you get attached to it.
A Steady 30-Year Term
The loan is offered on a 30-year fixed basis, so the payment structure is predictable while the work is done.
We Will Flag The Foundation Rule
The existing-foundation requirement catches people out on properties that have been partly demolished. It is worth checking early.
One Loan, One Closing
The purchase and the repair money come from the same loan, so there is no second closing and no separate financing to arrange.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about buying and repairing a home with USDA financing.
No. Newly constructed homes are not eligible under this program. It is specifically for existing dwellings that need rehabilitation or repair.
Eligibility is tied to the property address and checked against the agency map. Send us a listing and we will confirm it rather than have you guess.
There has to be a complete existing foundation still in place that will be used. If only the footings remain, it does not qualify as a rehabilitation.
Yes. This program is for a primary residence.
It is offered as a 30-year fixed loan.
The work is scoped and documented as part of the loan, and completion is evidenced before the file is finished. We will walk you through what your contractor needs to provide.
That may still work, but it is worth a conversation. If the repairs are minor, a standard agency purchase loan could be simpler for you.
Find out what you qualify for
If you have found a home that needs work, this may be the cleanest way to buy it. Send us the address and we will check eligibility.
Get Pre-Qualified*Loan amounts, rates, terms, and repair budgets are subject to credit approval, income and asset verification, appraisal, and program guidelines. USDA financing requires the property to be located in an eligible area and to be the borrower’s primary residence, and is subject to agency income limits. Newly constructed homes are not eligible under this program. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.