usda direct loan income limits Archives

Rhode Island USDA Direct Loan Income Limits – Low Income Loans

By Spencer Llewellyn at 12:41 am on January 5, 2023

USDA Direct Loan Income Limits in Rhode Island

The Section 502 Direct Loan Program, also known as USDA Direct Loans, is a program that aids low and very-low-income individuals purchase decent healthy, safe and clean housing in eligible rural areas. That’s accomplished though offering payment assistance which boosts a borrower’s capacity to repay. This payment assistance can be described as a form of subsidy that lowers the mortgage repayment for a brief period, and the amount of assistance is contingent upon the adjusted family income. USDA Section 502 Direct Loans in Rhode Island aren’t the same thing as USDA Section 502 Guaranteed Loans in Rhode Island. The USDA Guaranteed Loan Program is more popular and accommodates a wider range of applicant incomes.

Can I get a USDA Direct Loan in Rhode Island?

USDA Direct Loans in Rhode Island are low income loans that can be used to purchase homes in rural areas. To qualify for Direct Loans, applicants must have low or very low income, which is defined by the USDA as 50% to 80% of the Area Median Income (AMI). Like other rural housing loan programs, USDA Direct Loans are a mortgage with no down payment. The median income for the entire state of RI is $67,167, although that figure may vary from county to county. The maximum yearly income limits for Rhode Island USDA Direct Loan approval are listed below. Other than meeting Rhode Island USDA Direct Loan income limits, applicants must adhere to the following criteria to be eligible:

You have no decent clean, safe, and sanitary housing presently.
You can’t be able to get a mortgage from another source with terms and conditions that could reasonably expected to be met.
You must use this property for your primary residence.
You must possess the legal capacity to be able to contract a loan
You must meet citizenship or eligible noncitizen requirements.
You can’t be barred or suspended from participation in federal programs.

Additionally, the subject property must meet the following conditions:

Be a modestly sized home for that area.
Market value can’t be in excess of the areas applicable loan limit.
Can’t be designed for the production of income.

What areas in RI are eligible for USDA Direct Loans?

The property in question must be in an approved rural area. USDA Rural Development provides a webpage where you can search specific addresses in RI here.

How much can I borrow with a USDA Direct Home Loan?

The size of the mortgage that an applicant’s eligible for depends on their ability to repay. Rural Development takes into account income, assets, debt, and payment assistance when weighing eligibility for USDA Direct home loans. No matter what the repayment ability is, you can’t borrow more than the local loan limit for the county where the home is located.

Are there other mortgage options with low down payment or no down payment in Rhode Island?

Yes, there may be other low down payment mortgage options, and no down payment mortgage options in Rhode Island besides USDA Direct Loans. You can begin by researching Rhode Island USDA Guaranteed Loans, Rhode Island FHA Loans, and Rhode Island VA Loans if you’re a veteran in RI or qualified family member. You may also want to look into helpful programs for down payment assistance in Rhode Island.

Rhode Island USDA Direct Loan Maximum Income Limits

Area	1 Person	2 Person	3 Person	4 Person	5 Person
Newport-Middleton-Portsmouth, RI HUD Metro FMR Area	$75,500	$75,500	$75,500	$75,500	$99,650
Providence-Fall River, RI-MA HUD Metro FMR Area	$65,500	$65,500	$65,500	$65,500	$86,450
Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area	$68,500	$68,500	$68,500	$68,500	$90,400

More USDA Loan Resources

USDA Direct Loan Income Limits (Low Income)
USDA Direct Loan Limits (Low Income)
All USDA Loan Limits
All USDA Loan Income Limits
USDA Loan Requirements
USDA Loan Programs
USDA Loan Calculator

More USDA Direct Loan Limits

Maximum Loan Amounts
Alabama USDA Direct Loan Limits
Alaska USDA Direct Loan Limits
Arizona USDA Direct Loan Limits
Arkansas USDA Direct Loan Limits
California USDA Direct Loan Limits
Colorado USDA Direct Loan Limits
Connecticut USDA Direct Loan Limits
Delaware USDA Direct Loan Limits
Florida USDA Direct Loan Limits
Georgia USDA Direct Loan Limits
Hawaii USDA Direct Loan Limits
Illinois USDA Direct Loan Limits
Idaho USDA Direct Loan Limits
Indiana USDA Direct Loan Limits
Iowa USDA Direct Loan Limits
Kansas USDA Direct Loan Limits
Kentucky USDA Direct Loan Limits
Louisiana USDA Direct Loan Limits
Maine USDA Direct Loan Limits
Maryland USDA Direct Loan Limits
Massachusetts USDA Direct Loan Limits
Michigan USDA Direct Loan Limits
Minnesota USDA Direct Loan Limits
Mississippi USDA Direct Loan Limits
Missouri USDA Direct Loan Limits
Montana USDA Direct Loan Limits
Nebraska USDA Direct Loan Limits
Nevada USDA Direct Loan Limits
New Hampshire USDA Direct Loan Limits
New Jersey USDA Direct Loan Limits
New Mexico USDA Direct Loan Limits
New York USDA Direct Loan Limits
North Carolina USDA Direct Loan Limits
North Dakota USDA Direct Loan Limits
Ohio USDA Direct Loan Limits
Oklahoma USDA Direct Loan Limits
Oregon USDA Direct Loan Limits
Pennsylvania USDA Direct Loan Limits
Rhode Island USDA Direct Loan Limits
South Carolina USDA Direct Loan Limits
South Dakota USDA Direct Loan Limits
Tennessee USDA Direct Loan Limits
Texas USDA Direct Loan Limits
Utah USDA Direct Loan Limits
Vermont USDA Direct Loan Limits
Virginia USDA Direct Loan Limits
Washington USDA Direct Loan Limits
West Virginia USDA Direct Loan Limits
Wisconsin USDA Direct Loan Limits
Wyoming USDA Direct Loan Limits

Maximum Applicant Income
Alabama USDA Direct Income Limits
Alaska USDA Direct Income Limits
Arizona USDA Direct Income Limits
Arkansas USDA Direct Income Limits
California USDA Direct Income Limits
Colorado USDA Direct Income Limits
Connecticut USDA Direct Income Limits
Delaware USDA Direct Income Limits
Florida USDA Direct Income Limits
Georgia USDA Direct Income Limits
Hawaii USDA Direct Income Limits
Illinois USDA Direct Income Limits
Idaho USDA Direct Income Limits
Indiana USDA Direct Income Limits
Iowa USDA Direct Income Limits
Kansas USDA Direct Income Limits
Kentucky USDA Direct Income Limits
Louisiana USDA Direct Income Limits
Maine USDA Direct Income Limits
Maryland USDA Direct Income Limits
Massachusetts Direct Income Limits
Michigan USDA Direct Income Limits
Minnesota USDA Direct Income Limits
Mississippi USDA Direct Income Limits
Missouri USDA Direct Income Limits
Montana USDA Direct Income Limits
Nebraska USDA Direct Income Limits
Nevada USDA Direct Income Limits
New Hampshire Direct Income Limits
New Jersey USDA Direct Income Limits
New Mexico USDA Direct Income Limits
New York USDA Direct Income Limits
North Carolina Direct Income Limits
North Dakota USDA Direct Income Limits
Ohio USDA Direct Income Limits
Oklahoma USDA Direct Income Limits
Oregon USDA Direct Income Limits
Pennsylvania USDA Direct Income Limits
Rhode Island USDA Direct Income Limits
South Carolina Direct Income Limits
South Dakota USDA Direct Income Limits
Tennessee USDA Direct Income Limits
Texas USDA Direct Income Limits
Utah USDA Direct Income Limits
Vermont USDA Direct Income Limits
Virginia USDA Direct Income Limits
Washington USDA Direct Income Limits
West Virginia USDA Direct Income Limits
Wisconsin USDA Direct Income Limits
Wyoming USDA Direct Income Limits

Mississippi USDA Direct Loan Income Limits – Low Income Loans

By Spencer Llewellyn at 12:41 am on January 5, 2023

USDA Direct Loan Income Limits in Mississippi

The Section 502 Direct Loan Program, also known as USDA Direct Loans, is a program that aids low and very-low-income individuals purchase decent healthy, safe and clean housing in eligible rural areas. That’s accomplished though offering payment assistance which boosts a borrower’s capacity to repay. This payment assistance can be described as a form of subsidy that lowers the mortgage repayment for a brief period, and the amount of assistance is contingent upon the adjusted family income. USDA Section 502 Direct Loans in Mississippi aren’t the same thing as USDA Section 502 Guaranteed Loans in Mississippi. The USDA Guaranteed Loan Program is more popular and accommodates a wider range of applicant incomes.

Can I get a USDA Direct Loan in Mississippi?

USDA Direct Loans in Mississippi are low income loans that can be used to purchase homes in rural areas. To qualify for Direct Loans, applicants must have low or very low income, which is defined by the USDA as 50% to 80% of the Area Median Income (AMI). Like other rural housing loan programs, USDA Direct Loans are a mortgage with no down payment. The median income for the entire state of MS is $45,081, although that figure may vary from county to county. The maximum yearly income limits for Mississippi USDA Direct Loan approval are listed below. Other than meeting Mississippi USDA Direct Loan income limits, applicants must adhere to the following criteria to be eligible:

You have no decent clean, safe, and sanitary housing presently.
You can’t be able to get a mortgage from another source with terms and conditions that could reasonably expected to be met.
You must use this property for your primary residence.
You must possess the legal capacity to be able to contract a loan
You must meet citizenship or eligible noncitizen requirements.
You can’t be barred or suspended from participation in federal programs.

Additionally, the subject property must meet the following conditions:

Be a modestly sized home for that area.
Market value can’t be in excess of the areas applicable loan limit.
Can’t be designed for the production of income.

What areas in MS are eligible for USDA Direct Loans?

The property in question must be in an approved rural area. USDA Rural Development provides a webpage where you can search specific addresses in MS here.

How much can I borrow with a USDA Direct Home Loan?

Are there other mortgage options with low down payment or no down payment in Mississippi?

Yes, there may be other low down payment mortgage options, and no down payment mortgage options in Mississippi besides USDA Direct Loans. You can begin by researching Mississippi USDA Guaranteed Loans, Mississippi FHA Loans, and Mississippi VA Loans if you’re a veteran in MS or qualified family member. You may also want to look into helpful programs for down payment assistance in Mississippi.

Mississippi USDA Direct Loan Maximum Income Limits

Area	1 Person	2 Person	3 Person	4 Person	5 Person
Adams County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Alcorn County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Amite County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Attala County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Benton County, MS HUD Metro FMR Area	$39,600	$39,600	$39,600	$39,600	$52,250
Bolivar County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Calhoun County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Carroll County, MS	$44,650	$44,650	$44,650	$44,650	$58,950
Chickasaw County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Choctaw County, MS	$41,200	$41,200	$41,200	$41,200	$54,400
Claiborne County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Clarke County, MS	$40,000	$40,000	$40,000	$40,000	$52,800
Clay County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Coahoma County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Covington County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Franklin County, MS	$43,750	$43,750	$43,750	$43,750	$57,750
George County, MS	$48,550	$48,550	$48,550	$48,550	$64,100
Greene County, MS	$45,200	$45,200	$45,200	$45,200	$59,650
Grenada County, MS	$39,700	$39,700	$39,700	$39,700	$52,400
Gulfport-Biloxi, MS HUD Metro FMR Area	$45,750	$45,750	$45,750	$45,750	$60,400
Hattiesburg, MS MSA	$50,250	$50,250	$50,250	$50,250	$66,350
Holmes County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Humphreys County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Issaquena County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Itawamba County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Jackson, MS HUD Metro FMR Area	$53,750	$53,750	$53,750	$53,750	$70,950
Jasper County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Jefferson County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Jefferson Davis County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Jones County, MS	$41,350	$41,350	$41,350	$41,350	$54,600
Kemper County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Lafayette County, MS	$56,100	$56,100	$56,100	$56,100	$74,050
Lauderdale County, MS	$41,350	$41,350	$41,350	$41,350	$54,600
Lawrence County, MS	$42,100	$42,100	$42,100	$42,100	$55,550
Leake County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Lee County, MS	$47,900	$47,900	$47,900	$47,900	$63,250
Leflore County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Lincoln County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Lowndes County, MS	$44,300	$44,300	$44,300	$44,300	$58,500
Marion County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Marshall County, MS HUD Metro FMR Area	$39,600	$39,600	$39,600	$39,600	$52,250
Memphis, TN-MS-AR HUD Metro FMR Area	$52,700	$52,700	$52,700	$52,700	$69,550
Monroe County, MS	$41,300	$41,300	$41,300	$41,300	$54,500
Montgomery County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Neshoba County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Newton County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Noxubee County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Oktibbeha County, MS	$47,600	$47,600	$47,600	$47,600	$62,850
Panola County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Pascagoula, MS HUD Metro FMR Area	$54,150	$54,150	$54,150	$54,150	$71,500
Pearl River County, MS	$45,500	$45,500	$45,500	$45,500	$60,050
Pike County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Pontotoc County, MS	$43,900	$43,900	$43,900	$43,900	$57,950
Prentiss County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Quitman County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Scott County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Sharkey County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Simpson County, MS HUD Metro FMR Area	$39,600	$39,600	$39,600	$39,600	$52,250
Smith County, MS	$40,500	$40,500	$40,500	$40,500	$53,450
Stone County, MS	$43,850	$43,850	$43,850	$43,850	$57,900
Sunflower County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Tallahatchie County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Tate County, MS HUD Metro FMR Area	$46,400	$46,400	$46,400	$46,400	$61,250
Tippah County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Tishomingo County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Tunica County, MS HUD Metro FMR Area	$39,600	$39,600	$39,600	$39,600	$52,250
Union County, MS	$40,700	$40,700	$40,700	$40,700	$53,700
Walthall County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Warren County, MS	$45,450	$45,450	$45,450	$45,450	$60,000
Washington County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Wayne County, MS	$40,250	$40,250	$40,250	$40,250	$53,150
Webster County, MS	$42,300	$42,300	$42,300	$42,300	$55,850
Wilkinson County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Winston County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Yalobusha County, MS	$39,600	$39,600	$39,600	$39,600	$52,250
Yazoo County, MS HUD Metro FMR Area	$39,600	$39,600	$39,600	$39,600	$52,250

More USDA Loan Resources

USDA Direct Loan Income Limits (Low Income)
USDA Direct Loan Limits (Low Income)
All USDA Loan Limits
All USDA Loan Income Limits
USDA Loan Requirements
USDA Loan Programs
USDA Loan Calculator

More USDA Direct Loan Limits

home loans for low income usda direct loan usda direct loan income limits usda direct loan limits usda loans

Minnesota USDA Direct Loan Income Limits – Low Income Loans

By Spencer Llewellyn at 12:41 am on January 5, 2023

USDA Direct Loan Income Limits in Minnesota

The Section 502 Direct Loan Program, also known as USDA Direct Loans, is a program that aids low and very-low-income individuals purchase decent healthy, safe and clean housing in eligible rural areas. That’s accomplished though offering payment assistance which boosts a borrower’s capacity to repay. This payment assistance can be described as a form of subsidy that lowers the mortgage repayment for a brief period, and the amount of assistance is contingent upon the adjusted family income. USDA Section 502 Direct Loans in Minnesota aren’t the same thing as USDA Section 502 Guaranteed Loans in Minnesota. The USDA Guaranteed Loan Program is more popular and accommodates a wider range of applicant incomes.

Can I get a USDA Direct Loan in Minnesota?

USDA Direct Loans in Minnesota are low income loans that can be used to purchase homes in rural areas. To qualify for Direct Loans, applicants must have low or very low income, which is defined by the USDA as 50% to 80% of the Area Median Income (AMI). Like other rural housing loan programs, USDA Direct Loans are a mortgage with no down payment. The median income for the entire state of MN is $71,306, although that figure may vary from county to county. The maximum yearly income limits for Minnesota USDA Direct Loan approval are listed below. Other than meeting Minnesota USDA Direct Loan income limits, applicants must adhere to the following criteria to be eligible:

You have no decent clean, safe, and sanitary housing presently.
You can’t be able to get a mortgage from another source with terms and conditions that could reasonably expected to be met.
You must use this property for your primary residence.
You must possess the legal capacity to be able to contract a loan
You must meet citizenship or eligible noncitizen requirements.
You can’t be barred or suspended from participation in federal programs.

Additionally, the subject property must meet the following conditions:

Be a modestly sized home for that area.
Market value can’t be in excess of the areas applicable loan limit.
Can’t be designed for the production of income.

What areas in MN are eligible for USDA Direct Loans?

The property in question must be in an approved rural area. USDA Rural Development provides a webpage where you can search specific addresses in MN here.

How much can I borrow with a USDA Direct Home Loan?

Are there other mortgage options with low down payment or no down payment in Minnesota?

Yes, there may be other low down payment mortgage options, and no down payment mortgage options in Minnesota besides USDA Direct Loans. You can begin by researching Minnesota USDA Guaranteed Loans, Minnesota FHA Loans, and Minnesota VA Loans if you’re a veteran in MN or qualified family member. You may also want to look into helpful programs for down payment assistance in Minnesota.

Minnesota USDA Direct Loan Maximum Income Limits

Area	1 Person	2 Person	3 Person	4 Person	5 Person
Aitkin County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Becker County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Beltrami County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Big Stone County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Brown County, MN	$59,850	$59,850	$59,850	$59,850	$79,000
Cass County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Chippewa County, MN	$58,800	$58,800	$58,800	$58,800	$77,600
Clearwater County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Cook County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Cottonwood County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Crow Wing County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Douglas County, MN	$61,050	$61,050	$61,050	$61,050	$80,600
Duluth, MN-WI MSA	$57,900	$57,900	$57,900	$57,900	$76,450
Fargo, ND-MN MSA	$67,300	$67,300	$67,300	$67,300	$88,850
Faribault County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Fillmore County, MN HUD Metro FMR Area	$58,800	$58,800	$58,800	$58,800	$77,600
Freeborn County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Goodhue County, MN	$65,700	$65,700	$65,700	$65,700	$86,700
Grand Forks, ND-MN MSA	$66,300	$66,300	$66,300	$66,300	$87,500
Grant County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Hubbard County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Itasca County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Jackson County, MN	$59,200	$59,200	$59,200	$59,200	$78,150
Kanabec County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Kandiyohi County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Kittson County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Koochiching County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
La Crosse-Onalaska, WI-MN MSA	$62,900	$62,900	$62,900	$62,900	$83,050
Lac qui Parle County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Lake County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Lake of the Woods County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Le Sueur County, MN HUD Metro FMR Area	$64,550	$64,550	$64,550	$64,550	$85,200
Lincoln County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Lyon County, MN	$60,550	$60,550	$60,550	$60,550	$79,950
Mahnomen County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Mankato-North Mankato, MN MSA	$62,800	$62,800	$62,800	$62,800	$82,900
Marshall County, MN	$58,300	$58,300	$58,300	$58,300	$76,950
Martin County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
McLeod County, MN	$59,350	$59,350	$59,350	$59,350	$78,350
Meeker County, MN	$59,300	$59,300	$59,300	$59,300	$78,300
Mille Lacs County, MN HUD Metro FMR Area	$57,900	$57,900	$57,900	$57,900	$76,450
Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area	$75,500	$75,500	$75,500	$75,500	$99,650
Morrison County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Mower County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Murray County, MN	$58,250	$58,250	$58,250	$58,250	$76,900
Nicollet County, MN SEA	$62,800	$62,800	$62,800	$62,800	$82,900
Nobles County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Norman County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Otter Tail County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Pennington County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Pine County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Pipestone County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Pope County, MN	$59,050	$59,050	$59,050	$59,050	$77,950
Red Lake County, MN	$59,100	$59,100	$59,100	$59,100	$78,000
Redwood County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Renville County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Rice County, MN	$68,700	$68,700	$68,700	$68,700	$90,700
Rochester, MN HUD Metro FMR Area	$75,050	$75,050	$75,050	$75,050	$99,050
Rock County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Roseau County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Sibley County, MN HUD Metro FMR Area	$59,050	$59,050	$59,050	$59,050	$77,950
St. Cloud, MN MSA	$61,050	$61,050	$61,050	$61,050	$80,600
Steele County, MN	$62,800	$62,800	$62,800	$62,800	$82,900
Stevens County, MN	$62,000	$62,000	$62,000	$62,000	$81,850
Swift County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Todd County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Traverse County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Wabasha County, MN HUD Metro FMR Area	$60,700	$60,700	$60,700	$60,700	$80,100
Wadena County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Waseca County, MN	$59,900	$59,900	$59,900	$59,900	$79,050
Watonwan County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Wilkin County, MN	$57,900	$57,900	$57,900	$57,900	$76,450
Winona County, MN	$60,500	$60,500	$60,500	$60,500	$79,850
Yellow Medicine County, MN	$57,900	$57,900	$57,900	$57,900	$76,450

More USDA Loan Resources

USDA Direct Loan Income Limits (Low Income)
USDA Direct Loan Limits (Low Income)
All USDA Loan Limits
All USDA Loan Income Limits
USDA Loan Requirements
USDA Loan Programs
USDA Loan Calculator

More USDA Direct Loan Limits

home loans for low income usda direct loan usda direct loan income limits usda direct loan limits usda loans

Michigan USDA Direct Loan Income Limits – Low Income Loans

By Spencer Llewellyn at 12:41 am on January 5, 2023

USDA Direct Loan Income Limits in Michigan

The Section 502 Direct Loan Program, also known as USDA Direct Loans, is a program that aids low and very-low-income individuals purchase decent healthy, safe and clean housing in eligible rural areas. That’s accomplished though offering payment assistance which boosts a borrower’s capacity to repay. This payment assistance can be described as a form of subsidy that lowers the mortgage repayment for a brief period, and the amount of assistance is contingent upon the adjusted family income. USDA Section 502 Direct Loans in Michigan aren’t the same thing as USDA Section 502 Guaranteed Loans in Michigan. The USDA Guaranteed Loan Program is more popular and accommodates a wider range of applicant incomes.

Can I get a USDA Direct Loan in Michigan?

USDA Direct Loans in Michigan are low income loans that can be used to purchase homes in rural areas. To qualify for Direct Loans, applicants must have low or very low income, which is defined by the USDA as 50% to 80% of the Area Median Income (AMI). Like other rural housing loan programs, USDA Direct Loans are a mortgage with no down payment. The median income for the entire state of MI is $57,144, although that figure may vary from county to county. The maximum yearly income limits for Michigan USDA Direct Loan approval are listed below. Other than meeting Michigan USDA Direct Loan income limits, applicants must adhere to the following criteria to be eligible:

You have no decent clean, safe, and sanitary housing presently.
You can’t be able to get a mortgage from another source with terms and conditions that could reasonably expected to be met.
You must use this property for your primary residence.
You must possess the legal capacity to be able to contract a loan
You must meet citizenship or eligible noncitizen requirements.
You can’t be barred or suspended from participation in federal programs.

Additionally, the subject property must meet the following conditions:

Be a modestly sized home for that area.
Market value can’t be in excess of the areas applicable loan limit.
Can’t be designed for the production of income.

What areas in MI are eligible for USDA Direct Loans?

The property in question must be in an approved rural area. USDA Rural Development provides a webpage where you can search specific addresses in MI here.

How much can I borrow with a USDA Direct Home Loan?

Are there other mortgage options with low down payment or no down payment in Michigan?

Yes, there may be other low down payment mortgage options, and no down payment mortgage options in Michigan besides USDA Direct Loans. You can begin by researching Michigan USDA Guaranteed Loans, Michigan FHA Loans, and Michigan VA Loans if you’re a veteran in MI or qualified family member. You may also want to look into helpful programs for down payment assistance in Michigan.

Michigan USDA Direct Loan Maximum Income Limits

Area	1 Person	2 Person	3 Person	4 Person	5 Person
Alcona County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Alger County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Allegan County, MI	$57,700	$57,700	$57,700	$57,700	$76,150
Alpena County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Ann Arbor, MI MSA	$75,500	$75,500	$75,500	$75,500	$99,650
Antrim County, MI	$49,300	$49,300	$49,300	$49,300	$65,100
Arenac County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Baraga County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Barry County, MI HUD Metro FMR Area	$57,200	$57,200	$57,200	$57,200	$75,500
Battle Creek, MI MSA	$51,350	$51,350	$51,350	$51,350	$67,800
Bay City, MI MSA	$48,900	$48,900	$48,900	$48,900	$64,550
Benzie County, MI	$51,100	$51,100	$51,100	$51,100	$67,450
Branch County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Cass County, MI HUD Metro FMR Area	$50,150	$50,150	$50,150	$50,150	$66,200
Charlevoix County, MI	$52,300	$52,300	$52,300	$52,300	$69,050
Cheboygan County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Chippewa County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Clare County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Crawford County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Delta County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Detroit-Warren-Livonia, MI HUD Metro FMR Area	$61,050	$61,050	$61,050	$61,050	$80,600
Dickinson County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Emmet County, MI	$54,400	$54,400	$54,400	$54,400	$71,800
Flint, MI MSA	$48,900	$48,900	$48,900	$48,900	$64,550
Gladwin County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Gogebic County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Grand Rapids-Wyoming, MI HUD Metro FMR Area	$61,300	$61,300	$61,300	$61,300	$80,900
Grand Traverse County, MI	$62,000	$62,000	$62,000	$62,000	$81,850
Gratiot County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Hillsdale County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Holland-Grand Haven, MI HUD Metro FMR Area	$67,200	$67,200	$67,200	$67,200	$88,700
Houghton County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Huron County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Ionia County, MI	$49,600	$49,600	$49,600	$49,600	$65,450
Iosco County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Iron County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Isabella County, MI	$51,050	$51,050	$51,050	$51,050	$67,400
Jackson, MI MSA	$51,700	$51,700	$51,700	$51,700	$68,250
Kalamazoo-Portage, MI MSA	$59,100	$59,100	$59,100	$59,100	$78,000
Kalkaska County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Keweenaw County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Lake County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Lansing-East Lansing, MI MSA	$59,450	$59,450	$59,450	$59,450	$78,450
Leelanau County, MI	$60,300	$60,300	$60,300	$60,300	$79,600
Lenawee County, MI	$62,500	$62,500	$62,500	$62,500	$82,500
Livingston County, MI HUD Metro FMR Area	$75,500	$75,500	$75,500	$75,500	$99,650
Luce County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Mackinac County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Manistee County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Marquette County, MI	$55,350	$55,350	$55,350	$55,350	$73,050
Mason County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Mecosta County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Menominee County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Midland, MI MSA	$59,700	$59,700	$59,700	$59,700	$78,800
Missaukee County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Monroe, MI MSA	$63,200	$63,200	$63,200	$63,200	$83,400
Montcalm County, MI HUD Metro FMR Area	$48,900	$48,900	$48,900	$48,900	$64,550
Montmorency County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Muskegon, MI MSA	$49,700	$49,700	$49,700	$49,700	$65,600
Newaygo County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Niles-Benton Harbor, MI MSA	$53,200	$53,200	$53,200	$53,200	$70,200
Oceana County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Ogemaw County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Ontonagon County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Osceola County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Oscoda County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Otsego County, MI	$49,300	$49,300	$49,300	$49,300	$65,100
Presque Isle County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Roscommon County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Saginaw, MI MSA	$50,900	$50,900	$50,900	$50,900	$67,200
Sanilac County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Schoolcraft County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Shiawassee County, MI	$51,850	$51,850	$51,850	$51,850	$68,450
St. Joseph County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Tuscola County, MI	$48,900	$48,900	$48,900	$48,900	$64,550
Wexford County, MI	$48,900	$48,900	$48,900	$48,900	$64,550

More USDA Loan Resources

USDA Direct Loan Income Limits (Low Income)
USDA Direct Loan Limits (Low Income)
All USDA Loan Limits
All USDA Loan Income Limits
USDA Loan Requirements
USDA Loan Programs
USDA Loan Calculator

More USDA Direct Loan Limits

home loans for low income usda direct loan usda direct loan income limits usda direct loan limits usda loans

Massachusetts USDA Direct Loan Income Limits – Low Income Loans

By Spencer Llewellyn at 12:41 am on January 5, 2023

USDA Direct Loan Income Limits in Massachusetts

The Section 502 Direct Loan Program, also known as USDA Direct Loans, is a program that aids low and very-low-income individuals purchase decent healthy, safe and clean housing in eligible rural areas. That’s accomplished though offering payment assistance which boosts a borrower’s capacity to repay. This payment assistance can be described as a form of subsidy that lowers the mortgage repayment for a brief period, and the amount of assistance is contingent upon the adjusted family income. USDA Section 502 Direct Loans in Massachusetts aren’t the same thing as USDA Section 502 Guaranteed Loans in Massachusetts. The USDA Guaranteed Loan Program is more popular and accommodates a wider range of applicant incomes.

Can I get a USDA Direct Loan in Massachusetts?

USDA Direct Loans in Massachusetts are low income loans that can be used to purchase homes in rural areas. To qualify for Direct Loans, applicants must have low or very low income, which is defined by the USDA as 50% to 80% of the Area Median Income (AMI). Like other rural housing loan programs, USDA Direct Loans are a mortgage with no down payment. The median income for the entire state of MA is $81,215, although that figure may vary from county to county. The maximum yearly income limits for Massachusetts USDA Direct Loan approval are listed below. Other than meeting Massachusetts USDA Direct Loan income limits, applicants must adhere to the following criteria to be eligible:

You have no decent clean, safe, and sanitary housing presently.
You can’t be able to get a mortgage from another source with terms and conditions that could reasonably expected to be met.
You must use this property for your primary residence.
You must possess the legal capacity to be able to contract a loan
You must meet citizenship or eligible noncitizen requirements.
You can’t be barred or suspended from participation in federal programs.

Additionally, the subject property must meet the following conditions:

Be a modestly sized home for that area.
Market value can’t be in excess of the areas applicable loan limit.
Can’t be designed for the production of income.

What areas in MA are eligible for USDA Direct Loans?

The property in question must be in an approved rural area. USDA Rural Development provides a webpage where you can search specific addresses in MA here.

How much can I borrow with a USDA Direct Home Loan?

Are there other mortgage options with low down payment or no down payment in Massachusetts?

Yes, there may be other low down payment mortgage options, and no down payment mortgage options in Massachusetts besides USDA Direct Loans. You can begin by researching Massachusetts USDA Guaranteed Loans, Massachusetts FHA Loans, and Massachusetts VA Loans if you’re a veteran in MA or qualified family member. You may also want to look into helpful programs for down payment assistance in Massachusetts.

Massachusetts USDA Direct Loan Maximum Income Limits

Area	1 Person	2 Person	3 Person	4 Person	5 Person
Barnstable Town, MA MSA	$73,200	$73,200	$73,200	$73,200	$96,600
Berkshire County, MA (part) HUD Metro FMR Area	$70,950	$70,950	$70,950	$70,950	$93,650
Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area	$102,300	$102,300	$102,300	$102,300	$135,050
Brockton, MA HUD Metro FMR Area	$74,000	$74,000	$74,000	$74,000	$97,700
Dukes County, MA	$77,600	$77,600	$77,600	$77,600	$102,450
Eastern Worcester County, MA HUD Metro FMR Area	$75,500	$75,500	$75,500	$75,500	$99,650
Easton-Raynham, MA HUD Metro FMR Area	$75,500	$75,500	$75,500	$75,500	$99,650
Fitchburg-Leominster, MA HUD Metro FMR Area	$70,950	$70,950	$70,950	$70,950	$93,650
Franklin County, MA HUD Nonmetro FMR Area	$70,950	$70,950	$70,950	$70,950	$93,650
Lawrence, MA-NH HUD Metro FMR Area	$75,500	$75,500	$75,500	$75,500	$99,650
Lowell, MA HUD Metro FMR Area	$75,500	$75,500	$75,500	$75,500	$99,650
Nantucket County, MA	$87,500	$87,500	$87,500	$87,500	$115,500
New Bedford, MA HUD Metro FMR Area	$61,750	$61,750	$61,750	$61,750	$81,500
Pittsfield, MA HUD Metro FMR Area	$70,950	$70,950	$70,950	$70,950	$93,650
Providence-Fall River, RI-MA HUD Metro FMR Area	$65,500	$65,500	$65,500	$65,500	$86,450
Springfield, MA MSA	$70,950	$70,950	$70,950	$70,950	$93,650
Taunton-Mansfield-Norton, MA HUD Metro FMR Area	$75,500	$75,500	$75,500	$75,500	$99,650
Western Worcester County, MA HUD Metro FMR Area	$70,950	$70,950	$70,950	$70,950	$93,650
Worcester, MA HUD Metro FMR Area	$75,450	$75,450	$75,450	$75,450	$99,600

More USDA Loan Resources

USDA Direct Loan Income Limits (Low Income)
USDA Direct Loan Limits (Low Income)
All USDA Loan Limits
All USDA Loan Income Limits
USDA Loan Requirements
USDA Loan Programs
USDA Loan Calculator

More USDA Direct Loan Limits

home loans for low income usda direct loan usda direct loan income limits usda direct loan limits usda loans

« Previous 1 … 4 5 6 7 8 … 11 Next »

Get Started Here

Type of Loan:

Property State:

Credit Profile:

Get Mortgage Rates