USDA Income Limits Increase Helps More Buy With No Money Down

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 USDA Income Limits Increase - Helps More Buy With No Money Down

USDA Rural Housing announced the annual household income limits for the Single Family Housing for the 502 Guaranteed Loan Program were recently increased.The USDA income limits are typically adjusted each year. The current income caps listed should be valid until mid-2019.

In addition to increasing the USDA loan income limits, USDA recently announced that property eligibility areas have changed.

There are not many changes, and still, most of the country is eligible.  To qualify for a USDA loan, the property must be occupied

as a primary residence as well as being located in an eligible area.


Do you want to see if there are USDA eligible homes in your area?  Click on the link USDA link here  .





The Annual household income limits for most locations is now set to $82,700 for households of 1 to 4 and $109,150 for households of 5 or more.  The USDA mortgage income caps are even higher for certain high-cost locations such as South Florida and many other locations. Home buyers can look up and calculate their household income online at the USDA link here.

Even though there are limits, there are exceptions to the rules. The USDA income limits can be increased for any household size by the following:

  • $480 for each child under 18
  • Documented child care expense
  • Full-time college students 18 or older
  • Disability expenses incurred
  • Medical expenses for elderly or disabled

There are rules for using each of the above, we can help determine if an exception could be used.

One Important this that buyers should also note: The USDA income restrictions apply to ALL household members that generate income, regardless if they are listed on the loan application or not. 

The USDA mortgage remains one of the last 100% home loans available to qualified home buyers. Here are some of the Benefits of a USDA LOAN:

  • 100% financing
  • First-time buyer or subsequent buyer
  • Buyers can receive sellers concessions for closing costs, or roll into their loan with supporting appraisal
  • Low 30 year fixed interest rates
  • Zero penalties for paying off the loan early
  • NO restrictions on how long you must live in the home


Want to know more about USDA Loans contact Leo Namiot @ 904-712-1500 to learn more about eligibility restrictions and how to apply.


USDA Loans 100% Financing


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Robert Rauf
HomeBridge Financial Services (NJ) - Toms River, NJ

Still one of my favorite ways to finance my buyers in NJ. we just had map changes for the better that opened up a few areas, so you always have to check!

Dec 05, 2018 07:07 AM #1
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Leo Namiot

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