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 North Carolina aren’t the same thing as USDA Section 502 Guaranteed Loans in North Carolina. The USDA Guaranteed Loan Program is more popular and accommodates a wider range of applicant incomes.
Can I get a USDA Direct Loan in North Carolina?
USDA Direct Loans in North Carolina 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 NC is $54,602, although that figure may vary from county to county. The maximum yearly income limits for North Carolina USDA Direct Loan approval are listed below. Other than meeting North Carolina 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 NC 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 NC 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 North Carolina?
Yes, there may be other low down payment mortgage options, and no down payment mortgage options in North Carolina besides USDA Direct Loans. You can begin by researching North Carolina USDA Guaranteed Loans, North Carolina FHA Loans, and North Carolina VA Loans if you’re a veteran in NC or qualified family member. You may also want to look into helpful programs for down payment assistance in North Carolina.
North Carolina USDA Direct Loan Maximum Income Limits
Area | 1 Person | 2 Person |
3 Person | 4 Person |
5 Person |
|---|---|---|---|---|---|
| Alleghany County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Anson County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Ashe County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Asheville, NC HUD Metro FMR Area | $53,100 | $53,100 | $53,100 | $53,100 | $70,100 |
| Avery County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Beaufort County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Bertie County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Bladen County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Brunswick County, NC HUD Metro FMR Area | $53,050 | $53,050 | $53,050 | $53,050 | $70,050 |
| Burlington, NC MSA | $48,500 | $48,500 | $48,500 | $48,500 | $64,000 |
| Camden County, NC | $60,250 | $60,250 | $60,250 | $60,250 | $79,550 |
| Carteret County, NC | $55,050 | $55,050 | $55,050 | $55,050 | $72,650 |
| Caswell County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area | $63,200 | $63,200 | $63,200 | $63,200 | $83,400 |
| Cherokee County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Chowan County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Clay County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Cleveland County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Columbus County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Craven County, NC HUD Metro FMR Area | $51,700 | $51,700 | $51,700 | $51,700 | $68,250 |
| Dare County, NC | $56,150 | $56,150 | $56,150 | $56,150 | $74,100 |
| Davidson County, NC HUD Metro FMR Area | $48,400 | $48,400 | $48,400 | $48,400 | $63,900 |
| Duplin County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Durham-Chapel Hill, NC HUD Metro FMR Area | $67,850 | $67,850 | $67,850 | $67,850 | $89,550 |
| Fayetteville, NC HUD Metro FMR Area | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Gates County, NC HUD Metro FMR Area | $51,200 | $51,200 | $51,200 | $51,200 | $67,600 |
| Goldsboro, NC MSA | $46,800 | $46,800 | $46,800 | $46,800 | $61,800 |
| Graham County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Granville County, NC | $50,650 | $50,650 | $50,650 | $50,650 | $66,850 |
| Greene County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Greensboro-High Point, NC HUD Metro FMR Area | $49,050 | $49,050 | $49,050 | $49,050 | $64,750 |
| Greenville, NC MSA | $53,100 | $53,100 | $53,100 | $53,100 | $70,100 |
| Halifax County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Harnett County, NC | $51,350 | $51,350 | $51,350 | $51,350 | $67,800 |
| Haywood County, NC HUD Metro FMR Area | $46,900 | $46,900 | $46,900 | $46,900 | $61,900 |
| Hertford County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Hickory-Lenoir-Morganton, NC MSA | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Hoke County, NC HUD Metro FMR Area | $44,700 | $44,700 | $44,700 | $44,700 | $59,000 |
| Hyde County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Iredell County, NC HUD Metro FMR Area | $58,400 | $58,400 | $58,400 | $58,400 | $77,100 |
| Jackson County, NC | $44,900 | $44,900 | $44,900 | $44,900 | $59,250 |
| Jacksonville, NC MSA | $46,100 | $46,100 | $46,100 | $46,100 | $60,850 |
| Jones County, NC HUD Metro FMR Area | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Lee County, NC | $48,700 | $48,700 | $48,700 | $48,700 | $64,300 |
| Lenoir County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Lincoln County, NC HUD Metro FMR Area | $51,300 | $51,300 | $51,300 | $51,300 | $67,700 |
| Macon County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Martin County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| McDowell County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Mitchell County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Montgomery County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Moore County, NC | $58,300 | $58,300 | $58,300 | $58,300 | $76,950 |
| Northampton County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Pamlico County, NC HUD Metro FMR Area | $47,450 | $47,450 | $47,450 | $47,450 | $62,650 |
| Pasquotank County, NC | $47,450 | $47,450 | $47,450 | $47,450 | $62,650 |
| Pender County, NC HUD Metro FMR Area | $49,500 | $49,500 | $49,500 | $49,500 | $65,350 |
| Perquimans County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Person County, NC HUD Metro FMR Area | $46,550 | $46,550 | $46,550 | $46,550 | $61,450 |
| Polk County, NC | $47,300 | $47,300 | $47,300 | $47,300 | $62,450 |
| Raleigh, NC MSA | $74,150 | $74,150 | $74,150 | $74,150 | $97,900 |
| Richmond County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Robeson County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Rockingham County, NC HUD Metro FMR Area | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Rocky Mount, NC MSA | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Rowan County, NC HUD Metro FMR Area | $51,300 | $51,300 | $51,300 | $51,300 | $67,700 |
| Rutherford County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Sampson County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Scotland County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Stanly County, NC | $49,300 | $49,300 | $49,300 | $49,300 | $65,100 |
| Surry County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Swain County, NC | $44,800 | $44,800 | $44,800 | $44,800 | $59,150 |
| Transylvania County, NC | $45,350 | $45,350 | $45,350 | $45,350 | $59,850 |
| Tyrrell County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Vance County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Virginia Beach-Norfolk-Newport News, VA-NC HUD Metro FMR Are | $63,450 | $63,450 | $63,450 | $63,450 | $83,750 |
| Warren County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Washington County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
| Watauga County, NC | $52,250 | $52,250 | $52,250 | $52,250 | $68,950 |
| Wilkes County, NC | $44,700 | $44,700 | $44,700 | $44,700 | $59,000 |
| Wilmington, NC HUD Metro FMR Area | $58,250 | $58,250 | $58,250 | $58,250 | $76,900 |
| Wilson County, NC | $45,350 | $45,350 | $45,350 | $45,350 | $59,850 |
| Winston-Salem, NC HUD Metro FMR Area | $50,000 | $50,000 | $50,000 | $50,000 | $66,000 |
| Yancey County, NC | $44,150 | $44,150 | $44,150 | $44,150 | $58,300 |
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
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