Usda Pre Qualification Form – Fill Out and Use This PDF

Updated: Oct 31, 2026

The USDA Pre-Qualification form is a crucial step for individuals seeking to purchase a home through the United States Department of Agriculture's Rural Development Loan Program. It collects detailed information about the applicant, co-applicant, and any other household members, including personal, financial, and employment details to determine eligibility. Interested in taking the first step towards homeownership with a USDA loan? Click the button below to get started with your pre-qualification process.

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Usda Pre Qualification Form PDF Details

The USDA Pre-Qualification form is a crucial first step for individuals and families aspiring to own a home through the USDA Rural Development Loan Program. This comprehensive form not only gathers detailed information regarding the prospective homebuyer and any co-applicant, such as personal and contact information, employment and income details, but also delves into the financial aspects of one's life including debts, assets, and monthly expenses. Such a meticulous collection of data plays a pivotal role in evaluating the applicant’s eligibility for the Section 502 program, aiming to facilitate homeownership in rural areas. Additionally, the form includes an Authorization to Release Information section, emphasizing the importance of verifying the provided information to ensure an accurate assessment of the applicant's financial situation. It further elaborates on the use of this information, aligning with privacy act stipulations and highlighting the commitment to confidentiality and ethical handling of applicant data. This form thereby acts as a gateway, offering a structured path for potential buyers to understand and navigate the prerequisites of qualifying for rural housing assistance under the watchful guidance of the USDA Rural Development authority, ultimately contributing to informed and judicious homeownership in rural communities.

Question	Answer
Form Name	Usda Pre Qualification Form
Form Length	5 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	1 min 15 sec
Other names	usda home loan prequalification worksheet, RHS, usda rural development 502 pre qualification package for north carolina, Avg

How to Fill Out Pre-Qualification Application

Pre-Qualification Application at a glance

What it is: The Pre-Qualification Application is the first step in preparing for homeownership through the USDA Rural Development Loan Program.

Who signs: All adult household members 18 years or older sign and date Form 3550-1 "Authorization to Release Information."

A filled-in Pre-Qualification Application example: Pat fills out page 1 alone

Pre-Qualification Application example filled out, example: Pat fills out page 1 alone — Pat Quinn Sample fills out the Pre-Qualification Application alone. Pat buys a home in Example County for 150,000 dollars, with no co-applicant. The picture shows page 1 only, and none of its entries is real. With no co-applicant, Co-applicant information stays empty. Pat needs no repairs, so Repairs Needed stays empty in Purchase. Pat has no work phone or fax, so Work and Fax stay empty in Applicant information. Pat gets no annual bonus, so Annual Bonus stays empty in Applicant information. Pat has no second job, so Other Employmt stays empty. Pat has no child support, AFDC, Social Security or pension income, so Monthly Non-Wage Income stays empty. Pat has no debts or assets to list, so Type of Payment and Type of Asset stays empty. Pat is not disabled or over 62, so Annual Medical Expenses stays empty. Pat has no child care costs, so Annual Child Care Expenses stays empty. Pat has no comments, so Comments stays empty.

How to fill out Pre-Qualification Application, box by box

Purchase

Under Purchase, enter the Approx Purchase Price, the County Purchasing In and the Repairs Needed.

Applicant information

Under APPLICANT INFORMATION, fill in Name (First Middle Last), Address, City, State, Zip, Home, Cell, Work, Fax, Email Address, DOB, Sex, Marital Status, Social Security Number, Race, Citizen? Y N, Ethnicity and Employer.

Under APPLICANT INFORMATION, fill in Position Held, Start Date, Hourly Rate of Pay, Avg hrs worked per week and Annual Bonus.

Co-applicant information

If there is a co-applicant, under CO-APPLICANT INFORMATION, fill in Name (First Middle Last), Address, City, State, Zip, Home, Cell, Work, Fax, Email Address, DOB, Sex, Marital Status, Social Security Number, Race, Citizen? Y N, Ethnicity and Employer.

If there is a co-applicant, under CO-APPLICANT INFORMATION, fill in Position Held, Start Date, Hourly Rate of Pay, Avg hrs worked per week and Annual Bonus.

Other Employmt

After Other Employmt, enter Position Held, Start Date and Avg Monthly Income.

Monthly Non-Wage Income

Under Monthly Non-Wage Income, enter Child Support / Maintenance, AFDC, Other, Soc Security 1, Soc Security 2, Pension 1 and Pension 2.

Type of Payment and Type of Asset

Under Type of Payment, enter the Creditor Name, Monthly Payments and Balance for Car Payment, Credit Card, Medical/Dr. Bills, Student Loans, Child Support Owed, Other Debt, Rent / House Pmt and Other. Under Type of Asset, enter the Cash Value of Cash, Checking Acct., Savings Acct., Stocks/Bonds/CDs, IRAs/Retirement, Real Estate Owned, Auto/Vehicle and Other.

Annual Medical Expenses and Annual Child Care Expenses

Enter Annual Medical Expenses (complete only if disabled or over 62) and Annual Child Care Expenses.

Mark Y or N for SRS pay any?, Have you owned a home in the last 3 years?, Any payments past due, more than 30 days, in the past 12 months? and Any judgments, bankruptcy, or foreclosures in the past 3 yrs?.

Comments

Write any Comments.

Where did you learn about this loan program?

Enter Newspaper, Realtor, Bank, Flyer or Other for Where did you learn about this loan program?.

Authorization to Release Information

Sign the attached "Authorization to Release Information" form.

On the Authorization to Release Information, fill in TO, RE, Name of Customer and Account or Other Identifying Number.

Sign on the line marked Signature (Applicant or Adult Household Member) and enter the Date.

By signing, you authorize TO to provide to RHS for verification purposes the following applicable information: past and present employment or income records; bank account, stock holdings, and any other asset balances; past and present landlord references; other consumer credit references.

If the request is for a new loan or grant, you further authorize RHS to order a consumer credit report and verify other credit information.

This authorization is valid for the life of the loan.

A copy of this authorization may be accepted as an original.

More rules for Pre-Qualification Application

To help determine if you are eligible for the Section 502 program, complete all applicable sections.

Enter Name (First Middle Last), Relationship, Age, Student?, Income/Month and Source for Other Household Members Who Will Live In House Not Listed.

Failure to disclose certain items of information requested, including your Social Security Number or Federal Identification Number, may result in a delay in the processing of an application or its rejection.

Common questions about Pre-Qualification Application

Is there a deadline?

USDA Rural Development will notify you within 14 days by email or mail once a preliminary review has been completed.

Where do I file it?

Submit your completed application to include the Pre-Qualification Application and Form 3550-1 by mail, fax, or email. Return with Release form to pagrh@pa.usda.gov or fax (855) 813-2863. USDA Rural Development Housing Programs, 359 East Park Drive, Suite 4, Harrisburg, PA 17111-2747.

Are there fees?

Upon receipt of your application and signed Form 3550-1, a Preliminary Credit Report will be obtained at no cost to you.

Sources

[1] Pre-Qualification Application (Revised November 2015), USDA Rural Development (the Official source link on this page).