USDA Home Loan Income Eligibility
USDA Rural Home Loan Income Guidelines
Income Eligibility: The income limits for the USDA Rural Development home loan program are derived from calculating 115% of the counties median income. Bellow you can select your state to see the income limits set by the USDA. You will be surprised at how high some of the income limits are.
The USDA calculates the total household income even the persons not applying for the loan. If your spouse does not work a signed letter acknowledging that will be sufficient. If there is another individual going to reside at the property, there income needs to be taking into consideration as well, even if they are not on the application.
USDA home loans are available in all 50 states also including the Virgin Islands, Western Pacific & Puerto Rico. The general guidelines for the loan program are the same thought all eligible areas. You can research this information here USDA Home Loan General Guidelines.
USDA Income Limits By State
For more information about the USDA loan income limits fill out a contact form or call to speak to a USDA loan specialist at 1-888-807-2353.