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How Much Money Is Too Much Money To Qualify For A USDA Loan In Arizona?
Do You Make Too Much Money To Qualify For A USDA Loan In Arizona?
While the USDA Loan does not have a maximum loan size they do have a maximum qualifying income limit.
People ask me all the time, what are the income limits for the USDA Loan.  So let’s take a moment and define really quickly what an income limit is.  The USDA defines income limit as the Adjusted Household Annual income, that's it.
Did you catch that?  There is an important point there that many people naturally overlook, it’s the Household Annual Income.
What that means is that the USDA Loan Program will look at the total income coming into the household over the entire year.  If you have a son or daughter or parent, friend or spouse living in the household that will not be on the loan; their annual income will count against the limit.
What are the income limits based on for USDA Loans?
They are based on geographic region and number of people in the household.  The different groupings are 1-4 people, 5-8 people and any number over 9.
The majority of Arizona has a USDA Loan Income limit of $74,050 for a 1-4 ... more

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