Please see the Florida USDA 502 Guarantee Program income limits for 2015 below -
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FLORIDA COUNTIES |
1- 4 person household |
5 – 8 person household |
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All Florida counties EXCEPT those listed below: |
$74,750 |
$ 98,650 |
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Clay, Duval, Nassau, St Johns |
$77,400 |
$102,150 |
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Collier |
$83,750 |
$110,550 |
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Manatee and Sarasota |
$75,200 |
$99,264 |
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Okaloosa and Wakulla |
$78,650 |
$103,818 |
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Palm Beach |
$87,550 |
$115,550 |
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NOT ELIGIBLE are Broward, Pinellas and Monroe |
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Add 8% of 1-4 person limit for each person in excess of 8 persons. |
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Please note the following:
- Homebuyers can take deductions for certain things like minor children living in the household. In addition, documentable child care expenses, disabilities, elderly, etc. Please add $480 to the income limits for each child living in household.
- The USDA income eligibility limits above apply to ALL members in the household that produce income, regardless if they are listed on the USDA mortgage application or not.
- The USDA income limits only applies to household income at the time of closing. Future income and/ or earning potential is not considered.
Homebuyers that have questions - please contact us at www.usdamortgagesource.com or call 904-302-6060
If you are over the income limits and would like to learn more about the FHA Home loan, please visit www.fhamortgagesource.com
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