USDA Guaranteed Loans are the most popular rural development mortgage program in Rhode Island. Along with no down payment requirement, USDA loans don’t have set maximum loan limits for the guaranteed mortgage program. Instead, local limits are determined by a combination of the area USDA maximum income limit and the applicant’s debt-to-income ratio.
Search USDA Guaranteed Loan Limits
Search USDA Direct Loan Limits (for low income applicants)
This approach means that the maximum loan limits for Guaranteed Loans are variable, with Rhode Island USDA income limits playing a major role. Guaranteed Loan income limits across RI are listed below.
Rhode Island USDA Guaranteed Loan Income Limits
Area | 1-4 Person Households | 5-8 Person Households |
|---|---|---|
| Newport-Middleton-Portsmouth, RI HUD Metro FMR Area | $108,550 | $143,300 |
| Providence-Fall River, RI-MA HUD Metro FMR Area | $94,150 | $124,300 |
| Westerly-Hopkinton-New Shoreham, RI HUD Metro FMR Area | $98,450 | $129,950 |
