Georgia USDA Direct Loan Income Limits – Low Income Loans
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 Georgia aren’t the same thing as USDA Section 502 Guaranteed Loans in Georgia. The USDA Guaranteed Loan Program is more popular and accommodates a wider range of applicant incomes.
Can I get a USDA Direct Loan in Georgia?
USDA Direct Loans in Georgia 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 GA is $58,700, although that figure may vary from county to county. The maximum yearly income limits for Georgia USDA Direct Loan approval are listed below. Other than meeting Georgia 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 GA 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 GA 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 Georgia?
Yes, there may be other low down payment mortgage options, and no down payment mortgage options in Georgia besides USDA Direct Loans. You can begin by researching Georgia USDA Guaranteed Loans, Georgia FHA Loans, and Georgia VA Loans if you’re a veteran in GA or qualified family member. You may also want to look into helpful programs for down payment assistance in Georgia.
Georgia USDA Direct Loan Maximum Income Limits
Area | 1 Person | 2 Person |
3 Person | 4 Person |
5 Person |
---|---|---|---|---|---|
Albany, GA MSA | $42,700 | $42,700 | $42,700 | $42,700 | $56,350 |
Appling County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Athens-Clarke County, GA MSA | $51,850 | $51,850 | $51,850 | $51,850 | $68,450 |
Atkinson County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Atlanta-Sandy Springs-Roswell, GA HUD Metro FMR Area | $63,750 | $63,750 | $63,750 | $63,750 | $84,150 |
Augusta-Richmond County, GA-SC HUD Metro FMR Area | $50,250 | $50,250 | $50,250 | $50,250 | $66,350 |
Bacon County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Baldwin County, GA | $42,700 | $42,700 | $42,700 | $42,700 | $56,350 |
Banks County, GA | $44,650 | $44,650 | $44,650 | $44,650 | $58,950 |
Ben Hill County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Berrien County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Bleckley County, GA | $45,450 | $45,450 | $45,450 | $45,450 | $60,000 |
Brunswick, GA MSA | $48,150 | $48,150 | $48,150 | $48,150 | $63,550 |
Bulloch County, GA | $45,350 | $45,350 | $45,350 | $45,350 | $59,850 |
Butts County, GA HUD Metro FMR Area | $51,750 | $51,750 | $51,750 | $51,750 | $68,300 |
Calhoun County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Camden County, GA | $52,300 | $52,300 | $52,300 | $52,300 | $69,050 |
Candler County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Charlton County, GA | $45,900 | $45,900 | $45,900 | $45,900 | $60,600 |
Chattanooga, TN-GA MSA | $54,250 | $54,250 | $54,250 | $54,250 | $71,600 |
Chattooga County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Clay County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Clinch County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Coffee County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Colquitt County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Columbus, GA-AL MSA | $47,700 | $47,700 | $47,700 | $47,700 | $62,950 |
Cook County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Crisp County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Dalton, GA HUD Metro FMR Area | $43,500 | $43,500 | $43,500 | $43,500 | $57,400 |
Decatur County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Dodge County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Dooly County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Early County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Elbert County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Emanuel County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Evans County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Fannin County, GA | $42,950 | $42,950 | $42,950 | $42,950 | $56,700 |
Franklin County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Gainesville, GA MSA | $53,450 | $53,450 | $53,450 | $53,450 | $70,550 |
Gilmer County, GA | $43,900 | $43,900 | $43,900 | $43,900 | $57,950 |
Glascock County, GA | $44,250 | $44,250 | $44,250 | $44,250 | $58,400 |
Gordon County, GA | $42,550 | $42,550 | $42,550 | $42,550 | $56,150 |
Grady County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Greene County, GA | $46,300 | $46,300 | $46,300 | $46,300 | $61,100 |
Habersham County, GA | $43,200 | $43,200 | $43,200 | $43,200 | $57,000 |
Hancock County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Haralson County, GA HUD Metro FMR Area | $45,200 | $45,200 | $45,200 | $45,200 | $59,650 |
Hart County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Hinesville, GA HUD Metro FMR Area | $42,000 | $42,000 | $42,000 | $42,000 | $55,450 |
Irwin County, GA | $42,900 | $42,900 | $42,900 | $42,900 | $56,650 |
Jackson County, GA | $53,500 | $53,500 | $53,500 | $53,500 | $70,600 |
Jeff Davis County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Jefferson County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Jenkins County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Johnson County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Lamar County, GA HUD Metro FMR Area | $43,600 | $43,600 | $43,600 | $43,600 | $57,550 |
Laurens County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Lincoln County, GA HUD Metro FMR Area | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Long County, GA HUD Metro FMR Area | $46,550 | $46,550 | $46,550 | $46,550 | $61,450 |
Lumpkin County, GA | $48,100 | $48,100 | $48,100 | $48,100 | $63,500 |
Macon County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Macon, GA HUD Metro FMR Area | $44,000 | $44,000 | $44,000 | $44,000 | $58,100 |
Meriwether County, GA HUD Metro FMR Area | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Miller County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Mitchell County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Monroe County, GA HUD Metro FMR Area | $51,900 | $51,900 | $51,900 | $51,900 | $68,500 |
Montgomery County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Morgan County, GA HUD Metro FMR Area | $49,900 | $49,900 | $49,900 | $49,900 | $65,850 |
Murray County, GA HUD Metro FMR Area | $42,000 | $42,000 | $42,000 | $42,000 | $55,450 |
Peach County, GA HUD Metro FMR Area | $46,700 | $46,700 | $46,700 | $46,700 | $61,650 |
Pierce County, GA | $43,100 | $43,100 | $43,100 | $43,100 | $56,900 |
Polk County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Pulaski County, GA HUD Metro FMR Area | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Putnam County, GA | $48,100 | $48,100 | $48,100 | $48,100 | $63,500 |
Quitman County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Rabun County, GA | $43,850 | $43,850 | $43,850 | $43,850 | $57,900 |
Randolph County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Rome, GA MSA | $47,850 | $47,850 | $47,850 | $47,850 | $63,150 |
Savannah, GA MSA | $57,350 | $57,350 | $57,350 | $57,350 | $75,700 |
Schley County, GA | $43,600 | $43,600 | $43,600 | $43,600 | $57,550 |
Screven County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Seminole County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Stephens County, GA | $43,300 | $43,300 | $43,300 | $43,300 | $57,150 |
Stewart County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Sumter County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Talbot County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Taliaferro County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Tattnall County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Taylor County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Telfair County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Thomas County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Tift County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Toombs County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Towns County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Treutlen County, GA | $47,100 | $47,100 | $47,100 | $47,100 | $62,150 |
Troup County, GA | $43,850 | $43,850 | $43,850 | $43,850 | $57,900 |
Turner County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Union County, GA | $45,700 | $45,700 | $45,700 | $45,700 | $60,300 |
Upson County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Valdosta, GA MSA | $43,350 | $43,350 | $43,350 | $43,350 | $57,200 |
Ware County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Warner Robins, GA HUD Metro FMR Area | $58,950 | $58,950 | $58,950 | $58,950 | $77,800 |
Warren County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Washington County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Wayne County, GA | $43,100 | $43,100 | $43,100 | $43,100 | $56,900 |
Webster County, GA | $42,250 | $42,250 | $42,250 | $42,250 | $55,750 |
Wheeler County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
White County, GA | $43,700 | $43,700 | $43,700 | $43,700 | $57,700 |
Wilcox County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Wilkes County, GA | $41,700 | $41,700 | $41,700 | $41,700 | $55,050 |
Wilkinson County, GA | $42,650 | $42,650 | $42,650 | $42,650 | $56,300 |
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USDA Direct Loan Income Limits (Low Income)
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