usda direct loan income limits Archives

Hawaii 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 Hawaii

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 Hawaii aren’t the same thing as USDA Section 502 Guaranteed Loans in Hawaii. The USDA Guaranteed Loan Program is more popular and accommodates a wider range of applicant incomes.

Can I get a USDA Direct Loan in Hawaii?

USDA Direct Loans in Hawaii 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 HI is $81,275, although that figure may vary from county to county. The maximum yearly income limits for Hawaii USDA Direct Loan approval are listed below. Other than meeting Hawaii 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 HI 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 HI 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 Hawaii?

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

Hawaii USDA Direct Loan Maximum Income Limits

Area	1 Person	2 Person	3 Person	4 Person	5 Person
Hawaii County, HI	$62,800	$62,800	$62,800	$62,800	$82,900
Kahului-Wailuku-Lahaina, HI MSA	$78,100	$78,100	$78,100	$78,100	$103,100
Kauai County, HI	$78,550	$78,550	$78,550	$78,550	$103,700
Urban Honolulu, HI MSA	$96,400	$96,400	$96,400	$96,400	$127,250

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

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

Idaho USDA Direct Loan Income Limits – Low Income Loans

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

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 Idaho aren’t the same thing as USDA Section 502 Guaranteed Loans in Idaho. The USDA Guaranteed Loan Program is more popular and accommodates a wider range of applicant incomes.

Can I get a USDA Direct Loan in Idaho?

USDA Direct Loans in Idaho 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 ID is $55,785, although that figure may vary from county to county. The maximum yearly income limits for Idaho USDA Direct Loan approval are listed below. Other than meeting Idaho 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 ID 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 ID 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 Idaho?

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

Idaho USDA Direct Loan Maximum Income Limits

Area	1 Person	2 Person	3 Person	4 Person	5 Person
Adams County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Bear Lake County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Benewah County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Bingham County, ID	$50,100	$50,100	$50,100	$50,100	$66,150
Blaine County, ID	$64,500	$64,500	$64,500	$64,500	$85,150
Boise City, ID HUD Metro FMR Area	$58,900	$58,900	$58,900	$58,900	$77,750
Bonner County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Boundary County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Butte County, ID HUD Metro FMR Area	$49,700	$49,700	$49,700	$49,700	$65,600
Camas County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Caribou County, ID	$59,200	$59,200	$59,200	$59,200	$78,150
Cassia County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Clark County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Clearwater County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Coeur d'Alene, ID MSA	$51,700	$51,700	$51,700	$51,700	$68,250
Custer County, ID	$52,250	$52,250	$52,250	$52,250	$68,950
Elmore County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Fremont County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Gem County, ID HUD Metro FMR Area	$49,700	$49,700	$49,700	$49,700	$65,600
Gooding County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Idaho County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Idaho Falls, ID HUD Metro FMR Area	$54,700	$54,700	$54,700	$54,700	$72,200
Jerome County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Latah County, ID	$54,000	$54,000	$54,000	$54,000	$71,300
Lemhi County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Lewis County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Lewiston, ID-WA MSA	$50,500	$50,500	$50,500	$50,500	$66,650
Lincoln County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Logan, UT-ID MSA	$56,900	$56,900	$56,900	$56,900	$75,100
Madison County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Minidoka County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Oneida County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Payette County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Pocatello, ID MSA	$50,300	$50,300	$50,300	$50,300	$66,400
Power County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Shoshone County, ID	$49,700	$49,700	$49,700	$49,700	$65,600
Teton County, ID	$57,600	$57,600	$57,600	$57,600	$76,050
Twin Falls County, ID	$52,150	$52,150	$52,150	$52,150	$68,850
Valley County, ID	$53,300	$53,300	$53,300	$53,300	$70,350
Washington County, ID	$49,700	$49,700	$49,700	$49,700	$65,600

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

Illinois 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 Illinois

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 Illinois aren’t the same thing as USDA Section 502 Guaranteed Loans in Illinois. The USDA Guaranteed Loan Program is more popular and accommodates a wider range of applicant incomes.

Can I get a USDA Direct Loan in Illinois?

USDA Direct Loans in Illinois 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 IL is $65,886, although that figure may vary from county to county. The maximum yearly income limits for Illinois USDA Direct Loan approval are listed below. Other than meeting Illinois 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 IL 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 IL 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 Illinois?

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

Illinois USDA Direct Loan Maximum Income Limits

Area	1 Person	2 Person	3 Person	4 Person	5 Person
Adams County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Alexander County, IL SEA	$51,700	$51,700	$51,700	$51,700	$68,250
Bloomington, IL HUD Metro FMR Area	$73,300	$73,300	$73,300	$73,300	$96,750
Bond County, IL HUD Metro FMR Area	$56,000	$56,000	$56,000	$56,000	$73,900
Brown County, IL	$58,800	$58,800	$58,800	$58,800	$77,600
Bureau County, IL	$55,350	$55,350	$55,350	$55,350	$73,050
Carroll County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Cass County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Champaign-Urbana, IL MSA	$63,600	$63,600	$63,600	$63,600	$83,950
Chicago-Joliet-Naperville, IL HUD Metro FMR Area	$71,300	$71,300	$71,300	$71,300	$94,100
Christian County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Clark County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Clay County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Coles County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Crawford County, IL	$55,350	$55,350	$55,350	$55,350	$73,050
Cumberland County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Danville, IL MSA	$53,050	$53,050	$53,050	$53,050	$70,050
Davenport-Moline-Rock Island, IA-IL MSA	$58,150	$58,150	$58,150	$58,150	$76,750
De Witt County, IL HUD Metro FMR Area	$59,050	$59,050	$59,050	$59,050	$77,950
Decatur, IL MSA	$53,500	$53,500	$53,500	$53,500	$70,600
DeKalb County, IL HUD Metro FMR Area	$61,900	$61,900	$61,900	$61,900	$81,700
Douglas County, IL	$56,400	$56,400	$56,400	$56,400	$74,450
Edgar County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Edwards County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Effingham County, IL	$57,900	$57,900	$57,900	$57,900	$76,450
Fayette County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Franklin County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Fulton County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Gallatin County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Greene County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Grundy County, IL HUD Metro FMR Area	$68,250	$68,250	$68,250	$68,250	$90,100
Hamilton County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Hancock County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Hardin County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Henderson County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Iroquois County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Jackson County, IL HUD Metro FMR Area	$53,050	$53,050	$53,050	$53,050	$70,050
Jasper County, IL	$59,300	$59,300	$59,300	$59,300	$78,300
Jefferson County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Jo Daviess County, IL	$60,500	$60,500	$60,500	$60,500	$79,850
Johnson County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Kankakee, IL MSA	$55,350	$55,350	$55,350	$55,350	$73,050
Kendall County, IL HUD Metro FMR Area	$75,500	$75,500	$75,500	$75,500	$99,650
Knox County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
La Salle County, IL	$60,000	$60,000	$60,000	$60,000	$79,200
Lawrence County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Lee County, IL	$56,700	$56,700	$56,700	$56,700	$74,850
Livingston County, IL	$58,800	$58,800	$58,800	$58,800	$77,600
Logan County, IL	$55,050	$55,050	$55,050	$55,050	$72,650
Macoupin County, IL HUD Metro FMR Area	$53,750	$53,750	$53,750	$53,750	$70,950
Marion County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Mason County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Massac County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
McDonough County, IL	$55,350	$55,350	$55,350	$55,350	$73,050
Montgomery County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Morgan County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Moultrie County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Ogle County, IL	$58,700	$58,700	$58,700	$58,700	$77,500
Peoria, IL MSA	$61,500	$61,500	$61,500	$61,500	$81,200
Perry County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Pike County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Pope County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Pulaski County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Putnam County, IL	$67,300	$67,300	$67,300	$67,300	$88,850
Randolph County, IL	$54,300	$54,300	$54,300	$54,300	$71,700
Richland County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Rockford, IL MSA	$53,050	$53,050	$53,050	$53,050	$70,050
Saline County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Schuyler County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Scott County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Shelby County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Springfield, IL MSA	$62,800	$62,800	$62,800	$62,800	$82,900
St. Louis, MO-IL HUD Metro FMR Area	$65,050	$65,050	$65,050	$65,050	$85,850
Stephenson County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Union County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Wabash County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Warren County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Washington County, IL	$58,650	$58,650	$58,650	$58,650	$77,400
Wayne County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
White County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Whiteside County, IL	$53,050	$53,050	$53,050	$53,050	$70,050
Williamson County, IL HUD Metro FMR Area	$55,600	$55,600	$55,600	$55,600	$73,400

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

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

Indiana 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 Indiana

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 Indiana aren’t the same thing as USDA Section 502 Guaranteed Loans in Indiana. The USDA Guaranteed Loan Program is more popular and accommodates a wider range of applicant incomes.

Can I get a USDA Direct Loan in Indiana?

USDA Direct Loans in Indiana 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 IN is $56,303, although that figure may vary from county to county. The maximum yearly income limits for Indiana USDA Direct Loan approval are listed below. Other than meeting Indiana 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 IN 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 IN 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 Indiana?

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

Indiana USDA Direct Loan Maximum Income Limits

Area	1 Person	2 Person	3 Person	4 Person	5 Person
Adams County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Anderson, IN HUD Metro FMR Area	$51,600	$51,600	$51,600	$51,600	$68,100
Blackford County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Bloomington, IN HUD Metro FMR Area	$59,050	$59,050	$59,050	$59,050	$77,950
Carroll County, IN HUD Metro FMR Area	$52,300	$52,300	$52,300	$52,300	$69,050
Cass County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Cincinnati, OH-KY-IN HUD Metro FMR Area	$65,050	$65,050	$65,050	$65,050	$85,850
Clinton County, IN	$52,700	$52,700	$52,700	$52,700	$69,550
Columbus, IN MSA	$57,750	$57,750	$57,750	$57,750	$76,250
Crawford County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Daviess County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Decatur County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
DeKalb County, IN	$52,700	$52,700	$52,700	$52,700	$69,550
Dubois County, IN	$60,100	$60,100	$60,100	$60,100	$79,350
Elkhart-Goshen, IN MSA	$53,750	$53,750	$53,750	$53,750	$70,950
Evansville, IN-KY MSA	$53,750	$53,750	$53,750	$53,750	$70,950
Fayette County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Fort Wayne, IN MSA	$55,050	$55,050	$55,050	$55,050	$72,650
Fountain County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Franklin County, IN	$57,050	$57,050	$57,050	$57,050	$75,300
Fulton County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Gary, IN HUD Metro FMR Area	$58,250	$58,250	$58,250	$58,250	$76,900
Gibson County, IN	$53,300	$53,300	$53,300	$53,300	$70,350
Grant County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Greene County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Henry County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Huntington County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Indianapolis-Carmel, IN HUD Metro FMR Area	$63,900	$63,900	$63,900	$63,900	$84,350
Jackson County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Jasper County, IN HUD Metro FMR Area	$56,900	$56,900	$56,900	$56,900	$75,100
Jay County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Jefferson County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Jennings County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Knox County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Kokomo, IN MSA	$52,150	$52,150	$52,150	$52,150	$68,850
Kosciusko County, IN	$53,200	$53,200	$53,200	$53,200	$70,200
Lafayette-West Lafayette, IN HUD Metro FMR Area	$56,300	$56,300	$56,300	$56,300	$74,300
LaGrange County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Lawrence County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Louisville, KY-IN HUD Metro FMR Area	$61,100	$61,100	$61,100	$61,100	$80,650
Marshall County, IN	$52,000	$52,000	$52,000	$52,000	$68,650
Martin County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Miami County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Michigan City-La Porte, IN MSA	$53,700	$53,700	$53,700	$53,700	$70,900
Montgomery County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Muncie, IN MSA	$51,600	$51,600	$51,600	$51,600	$68,100
Noble County, IN	$52,000	$52,000	$52,000	$52,000	$68,650
Orange County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Owen County, IN HUD Metro FMR Area	$51,600	$51,600	$51,600	$51,600	$68,100
Parke County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Perry County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Pike County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Pulaski County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Putnam County, IN HUD Metro FMR Area	$55,700	$55,700	$55,700	$55,700	$73,500
Randolph County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Ripley County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Rush County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Scott County, IN HUD Metro FMR Area	$51,600	$51,600	$51,600	$51,600	$68,100
South Bend-Mishawaka, IN HUD Metro FMR Area	$52,500	$52,500	$52,500	$52,500	$69,300
Spencer County, IN	$56,400	$56,400	$56,400	$56,400	$74,450
Starke County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Steuben County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Sullivan County, IN HUD Metro FMR Area	$51,600	$51,600	$51,600	$51,600	$68,100
Switzerland County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Terre Haute, IN HUD Metro FMR Area	$51,600	$51,600	$51,600	$51,600	$68,100
Tipton County, IN	$54,950	$54,950	$54,950	$54,950	$72,550
Union County, IN HUD Metro FMR Area	$51,600	$51,600	$51,600	$51,600	$68,100
Wabash County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
Warren County, IN	$58,300	$58,300	$58,300	$58,300	$76,950
Washington County, IN HUD Metro FMR Area	$51,600	$51,600	$51,600	$51,600	$68,100
Wayne County, IN	$51,600	$51,600	$51,600	$51,600	$68,100
White County, IN	$52,300	$52,300	$52,300	$52,300	$69,050

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

Iowa USDA Direct Loan Income Limits – Low Income Loans

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

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 Iowa aren’t the same thing as USDA Section 502 Guaranteed Loans in Iowa. The USDA Guaranteed Loan Program is more popular and accommodates a wider range of applicant incomes.

Can I get a USDA Direct Loan in Iowa?

USDA Direct Loans in Iowa 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 IA is $60,523, although that figure may vary from county to county. The maximum yearly income limits for Iowa USDA Direct Loan approval are listed below. Other than meeting Iowa 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 IA 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 IA 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 Iowa?

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

Iowa USDA Direct Loan Maximum Income Limits

Area	1 Person	2 Person	3 Person	4 Person	5 Person
Adair County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Adams County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Allamakee County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Ames, IA MSA	$70,150	$70,150	$70,150	$70,150	$92,600
Appanoose County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Audubon County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Benton County, IA HUD Metro FMR Area	$66,150	$66,150	$66,150	$66,150	$87,300
Boone County, IA	$59,700	$59,700	$59,700	$59,700	$78,800
Bremer County, IA HUD Metro FMR Area	$68,800	$68,800	$68,800	$68,800	$90,800
Buchanan County, IA	$61,300	$61,300	$61,300	$61,300	$80,900
Buena Vista County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Butler County, IA	$56,100	$56,100	$56,100	$56,100	$74,050
Calhoun County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Carroll County, IA	$60,000	$60,000	$60,000	$60,000	$79,200
Cass County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Cedar County, IA	$61,600	$61,600	$61,600	$61,600	$81,300
Cedar Rapids, IA HUD Metro FMR Area	$71,450	$71,450	$71,450	$71,450	$94,300
Cerro Gordo County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Cherokee County, IA	$56,400	$56,400	$56,400	$56,400	$74,450
Chickasaw County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Clarke County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Clay County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Clayton County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Clinton County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Crawford County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Davenport-Moline-Rock Island, IA-IL MSA	$58,150	$58,150	$58,150	$58,150	$76,750
Davis County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Decatur County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Delaware County, IA	$60,700	$60,700	$60,700	$60,700	$80,100
Des Moines County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Des Moines-West Des Moines, IA MSA	$70,000	$70,000	$70,000	$70,000	$92,400
Dickinson County, IA	$63,200	$63,200	$63,200	$63,200	$83,400
Dubuque, IA MSA	$65,100	$65,100	$65,100	$65,100	$85,950
Emmet County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Fayette County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Floyd County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Franklin County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Fremont County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Greene County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Grundy County, IA SEA	$59,600	$59,600	$59,600	$59,600	$78,650
Hamilton County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Hancock County, IA	$56,150	$56,150	$56,150	$56,150	$74,100
Hardin County, IA	$58,300	$58,300	$58,300	$58,300	$76,950
Henry County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Howard County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Humboldt County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Ida County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Iowa City, IA HUD Metro FMR Area	$75,500	$75,500	$75,500	$75,500	$99,650
Iowa County, IA	$60,400	$60,400	$60,400	$60,400	$79,750
Jackson County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Jasper County, IA	$58,100	$58,100	$58,100	$58,100	$76,700
Jefferson County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Jones County, IA HUD Metro FMR Area	$58,900	$58,900	$58,900	$58,900	$77,750
Keokuk County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Kossuth County, IA	$56,700	$56,700	$56,700	$56,700	$74,850
Lee County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Louisa County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Lucas County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Lyon County, IA	$59,100	$59,100	$59,100	$59,100	$78,000
Mahaska County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Marion County, IA	$60,300	$60,300	$60,300	$60,300	$79,600
Marshall County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Mitchell County, IA	$55,750	$55,750	$55,750	$55,750	$73,600
Monona County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Monroe County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Montgomery County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Muscatine County, IA	$56,650	$56,650	$56,650	$56,650	$74,800
O'Brien County, IA	$57,200	$57,200	$57,200	$57,200	$75,500
Omaha-Council Bluffs, NE-IA HUD Metro FMR Area	$68,800	$68,800	$68,800	$68,800	$90,800
Osceola County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Page County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Palo Alto County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Plymouth County, IA HUD Metro FMR Area	$60,950	$60,950	$60,950	$60,950	$80,450
Pocahontas County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Poweshiek County, IA	$57,050	$57,050	$57,050	$57,050	$75,300
Ringgold County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Sac County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Shelby County, IA	$57,450	$57,450	$57,450	$57,450	$75,850
Sioux City, IA-NE-SD HUD Metro FMR Area	$55,600	$55,600	$55,600	$55,600	$73,400
Sioux County, IA	$61,600	$61,600	$61,600	$61,600	$81,300
Tama County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Taylor County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Union County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Van Buren County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Wapello County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Washington County, IA HUD Metro FMR Area	$60,150	$60,150	$60,150	$60,150	$79,400
Waterloo-Cedar Falls, IA HUD Metro FMR Area	$59,600	$59,600	$59,600	$59,600	$78,650
Wayne County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Webster County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Winnebago County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Winneshiek County, IA	$60,900	$60,900	$60,900	$60,900	$80,400
Worth County, IA	$55,500	$55,500	$55,500	$55,500	$73,250
Wright County, IA	$55,500	$55,500	$55,500	$55,500	$73,250

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

« Previous 1 … 7 8 9 10 11 Next »

Get Started Here

Type of Loan:

Property State:

Credit Profile:

Get Mortgage Rates