usda direct loan limits Archives

Oregon USDA Direct Loan Limits – Low Income Loans

By Spencer Llewellyn at 12:42 am on January 5, 2023

USDA Direct Loans (also known as USDA Section 502 Direct Loans) are a mortgage program that assists low- and very-low income individuals buy decent, safe, and clean housing in rural areas. This is done through payment assistance which increases a borrower’s ability to repay. That payment assistance can be best described a subsidy which lowers the mortgage payment for short periods. The amount of assistance largely depends on the adjusted family income. USDA Direct Home Loans in Oregon don’t work in the same manner as USDA Guaranteed Loans in Oregon. The USDA Guaranteed Loan Program is a more popular option and can be used for a wider range of applicant incomes.Oregon USDA Direct Loans are 100% financing mortgages. Unlike Guaranteed USDA Loans, applicants must have low or very low income to qualify for Direct Loans.

Oregon USDA Direct Loan Requirements

USDA Direct Loans are a mortgage program available for low-income individuals to buy homes in rural areas. USDA defines low- or very low income as anything between 50% and 80% of the Area Median (AMI). The statewide median income was recently reported as $62,818 in Oregon, but this number may differ from one county to the next. For home buyers that meet those requirements, USDA Loans are a zero-down mortgage, meaning there’s no down payment. To be eligible, applicants must also meet the following requirements:

You don’t presently have decent, clean, sanitary and safe housing.
You can’t get another mortgage from a different source with terms and conditions reasonably expected to be met.
The subject property must be your primary residence.
You must be legally eligible for a mortgage.
You must meet citizenship requirements or non-citizen requirements.
You must be eligible for participation in federal programs.

In addition, the subject property must meet the following requirements.

It must be moderately-sized for that area.
The home cause can’t exceed the area’s applicable loan limit.
The home can’t be designed for the production of income.

How much can I borrow with a USDA Direct Mortgage?

Up to the maximum loan limit, the amount of money that an applicant’s eligible for depends on their ability to pay it back. When evaluating home loan applicants for Direct home loans, Rural Development considers income, assets, debt, and payment assistance. And remember, you can’t borrow more than the local USDA loan limit for the county where the home is located, no matter what your repayment ability may be.

What areas in OR are eligible for USDA Direct Loans?

The subject property must be in an approved rural area. You can search specific addresses in Oregon for USDA eligibility here.

Are there other zero down mortgage options or low down payment mortgages in Oregon?

Yes, other low down payment mortgage options, and no down payment mortgage options are available in Oregon besides USDA Direct Loans. You can start by looking into USDA Guaranteed Loans in Oregon, FHA Loan in Oregon, or if you’re a veteran or qualified family member, VA Loans in Oregon. You may also want to research if any helpful Oregon down payment assistance programs may be available.

Search all USDA Guaranteed Loan Limits (Direct and Guaranteed Loans)
Learn about today’s USDA Loan Requirements

Direct Loans aren’t as popular as USDA Guaranteed Loans, which accommodate a wider range of borrower qualifications. The USDA sets specific maximum mortgage limits for Direct Loans in Oregon. Search home loan limits for your area below.

Oregon USDA Direct Loan Limits

Area	Direct Loan Limit
Baker	$251,862
Benton	$308,200
Clackamas	$379,960
Clatsop	$253,000
Columbia	$379,960
Coos	$251,862
Crook	$251,862
Curry	$262,200
Deschutes	$327,520
Douglas	$251,862
Gilliam	$251,862
Grant	$251,862
Harney	$251,862
Hood River	$381,800
Jackson	$256,680
Jefferson	$251,862
Josephine	$251,862
Klamath	$251,862
Lake	$251,862
Lane	$251,862
Lincoln	$251,862
Linn	$251,862
Malheur	$251,862
Marion	$257,600
Morrow	$251,862
Multnomah	$379,960
Polk	$257,600
Sherman	$251,862
Tillamook	$251,862
Umatilla	$251,862
Union	$251,862
Wallowa	$251,862
Wasco	$251,862
Washington	$379,960
Wheeler	$251,862
Yamhill	$379,960

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

More USDA Direct Loan Limits

Maximum Loan Amounts
Alabama USDA Direct Loan Limits
Alaska USDA Direct Loan Limits
Arizona USDA Direct Loan Limits
Arkansas USDA Direct Loan Limits
California USDA Direct Loan Limits
Colorado USDA Direct Loan Limits
Connecticut USDA Direct Loan Limits
Delaware USDA Direct Loan Limits
Florida USDA Direct Loan Limits
Georgia USDA Direct Loan Limits
Hawaii USDA Direct Loan Limits
Illinois USDA Direct Loan Limits
Idaho USDA Direct Loan Limits
Indiana USDA Direct Loan Limits
Iowa USDA Direct Loan Limits
Kansas USDA Direct Loan Limits
Kentucky USDA Direct Loan Limits
Louisiana USDA Direct Loan Limits
Maine USDA Direct Loan Limits
Maryland USDA Direct Loan Limits
Massachusetts USDA Direct Loan Limits
Michigan USDA Direct Loan Limits
Minnesota USDA Direct Loan Limits
Mississippi USDA Direct Loan Limits
Missouri USDA Direct Loan Limits
Montana USDA Direct Loan Limits
Nebraska USDA Direct Loan Limits
Nevada USDA Direct Loan Limits
New Hampshire USDA Direct Loan Limits
New Jersey USDA Direct Loan Limits
New Mexico USDA Direct Loan Limits
New York USDA Direct Loan Limits
North Carolina USDA Direct Loan Limits
North Dakota USDA Direct Loan Limits
Ohio USDA Direct Loan Limits
Oklahoma USDA Direct Loan Limits
Oregon USDA Direct Loan Limits
Pennsylvania USDA Direct Loan Limits
Rhode Island USDA Direct Loan Limits
South Carolina USDA Direct Loan Limits
South Dakota USDA Direct Loan Limits
Tennessee USDA Direct Loan Limits
Texas USDA Direct Loan Limits
Utah USDA Direct Loan Limits
Vermont USDA Direct Loan Limits
Virginia USDA Direct Loan Limits
Washington USDA Direct Loan Limits
West Virginia USDA Direct Loan Limits
Wisconsin USDA Direct Loan Limits
Wyoming USDA Direct Loan Limits

Maximum Applicant Income
Alabama USDA Direct Income Limits
Alaska USDA Direct Income Limits
Arizona USDA Direct Income Limits
Arkansas USDA Direct Income Limits
California USDA Direct Income Limits
Colorado USDA Direct Income Limits
Connecticut USDA Direct Income Limits
Delaware USDA Direct Income Limits
Florida USDA Direct Income Limits
Georgia USDA Direct Income Limits
Hawaii USDA Direct Income Limits
Illinois USDA Direct Income Limits
Idaho USDA Direct Income Limits
Indiana USDA Direct Income Limits
Iowa USDA Direct Income Limits
Kansas USDA Direct Income Limits
Kentucky USDA Direct Income Limits
Louisiana USDA Direct Income Limits
Maine USDA Direct Income Limits
Maryland USDA Direct Income Limits
Massachusetts Direct Income Limits
Michigan USDA Direct Income Limits
Minnesota USDA Direct Income Limits
Mississippi USDA Direct Income Limits
Missouri USDA Direct Income Limits
Montana USDA Direct Income Limits
Nebraska USDA Direct Income Limits
Nevada USDA Direct Income Limits
New Hampshire Direct Income Limits
New Jersey USDA Direct Income Limits
New Mexico USDA Direct Income Limits
New York USDA Direct Income Limits
North Carolina Direct Income Limits
North Dakota USDA Direct Income Limits
Ohio USDA Direct Income Limits
Oklahoma USDA Direct Income Limits
Oregon USDA Direct Income Limits
Pennsylvania USDA Direct Income Limits
Rhode Island USDA Direct Income Limits
South Carolina Direct Income Limits
South Dakota USDA Direct Income Limits
Tennessee USDA Direct Income Limits
Texas USDA Direct Income Limits
Utah USDA Direct Income Limits
Vermont USDA Direct Income Limits
Virginia USDA Direct Income Limits
Washington USDA Direct Income Limits
West Virginia USDA Direct Income Limits
Wisconsin USDA Direct Income Limits
Wyoming USDA Direct Income Limits

Massachusetts USDA Direct Loan Limits – Low Income Loans

By Spencer Llewellyn at 12:42 am on January 5, 2023

USDA Direct Loans (also known as USDA Section 502 Direct Loans) are a mortgage program that assists low- and very-low income individuals buy decent, safe, and clean housing in rural areas. This is done through payment assistance which increases a borrower’s ability to repay. That payment assistance can be best described a subsidy which lowers the mortgage payment for short periods. The amount of assistance largely depends on the adjusted family income. USDA Direct Home Loans in Massachusetts don’t work in the same manner as USDA Guaranteed Loans in Massachusetts. The USDA Guaranteed Loan Program is a more popular option and can be used for a wider range of applicant incomes.Massachusetts USDA Direct Loans are 100% financing mortgages. Unlike Guaranteed USDA Loans, applicants must have low or very low income to qualify for Direct Loans.

Massachusetts USDA Direct Loan Requirements

USDA Direct Loans are a mortgage program available for low-income individuals to buy homes in rural areas. USDA defines low- or very low income as anything between 50% and 80% of the Area Median (AMI). The statewide median income was recently reported as $81,215 in Massachusetts, but this number may differ from one county to the next. For home buyers that meet those requirements, USDA Loans are a zero-down mortgage, meaning there’s no down payment. To be eligible, applicants must also meet the following requirements:

You don’t presently have decent, clean, sanitary and safe housing.
You can’t get another mortgage from a different source with terms and conditions reasonably expected to be met.
The subject property must be your primary residence.
You must be legally eligible for a mortgage.
You must meet citizenship requirements or non-citizen requirements.
You must be eligible for participation in federal programs.

In addition, the subject property must meet the following requirements.

It must be moderately-sized for that area.
The home cause can’t exceed the area’s applicable loan limit.
The home can’t be designed for the production of income.

How much can I borrow with a USDA Direct Mortgage?

What areas in MA are eligible for USDA Direct Loans?

The subject property must be in an approved rural area. You can search specific addresses in Massachusetts for USDA eligibility here.

Are there other zero down mortgage options or low down payment mortgages in Massachusetts?

Yes, other low down payment mortgage options, and no down payment mortgage options are available in Massachusetts besides USDA Direct Loans. You can start by looking into USDA Guaranteed Loans in Massachusetts, FHA Loan in Massachusetts, or if you’re a veteran or qualified family member, VA Loans in Massachusetts. You may also want to research if any helpful Massachusetts down payment assistance programs may be available.

Search all USDA Guaranteed Loan Limits (Direct and Guaranteed Loans)
Learn about today’s USDA Loan Requirements

Direct Loans aren’t as popular as USDA Guaranteed Loans, which accommodate a wider range of borrower qualifications. The USDA sets specific maximum mortgage limits for Direct Loans in Massachusetts. Search home loan limits for your area below.

Massachusetts USDA Direct Loan Limits

Area	Direct Loan Limit
Barnstable	$408,250
Berkshire	$265,000
Bristol	$363,200
Dukes	$581,220
Essex	$551,080
Franklin	$260,000
Hampden	$260,000
Hampshire	$268,000
Middlesex	$551,080
Nantucket	$581,220
Norfolk	$551,080
Plymouth	$551,080
Worcester	$275,000

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

More USDA Direct Loan Limits

home loans for low income usda direct loan usda direct loan limits usda loans

Pennsylvania USDA Direct Loan Limits – Low Income Loans

By Spencer Llewellyn at 12:42 am on January 5, 2023

USDA Direct Loans (also known as USDA Section 502 Direct Loans) are a mortgage program that assists low- and very-low income individuals buy decent, safe, and clean housing in rural areas. This is done through payment assistance which increases a borrower’s ability to repay. That payment assistance can be best described a subsidy which lowers the mortgage payment for short periods. The amount of assistance largely depends on the adjusted family income. USDA Direct Home Loans in Pennsylvania don’t work in the same manner as USDA Guaranteed Loans in Pennsylvania. The USDA Guaranteed Loan Program is a more popular option and can be used for a wider range of applicant incomes.Pennsylvania USDA Direct Loans are 100% financing mortgages. Unlike Guaranteed USDA Loans, applicants must have low or very low income to qualify for Direct Loans.

Pennsylvania USDA Direct Loan Requirements

USDA Direct Loans are a mortgage program available for low-income individuals to buy homes in rural areas. USDA defines low- or very low income as anything between 50% and 80% of the Area Median (AMI). The statewide median income was recently reported as $61,744 in Pennsylvania, but this number may differ from one county to the next. For home buyers that meet those requirements, USDA Loans are a zero-down mortgage, meaning there’s no down payment. To be eligible, applicants must also meet the following requirements:

You don’t presently have decent, clean, sanitary and safe housing.
You can’t get another mortgage from a different source with terms and conditions reasonably expected to be met.
The subject property must be your primary residence.
You must be legally eligible for a mortgage.
You must meet citizenship requirements or non-citizen requirements.
You must be eligible for participation in federal programs.

In addition, the subject property must meet the following requirements.

It must be moderately-sized for that area.
The home cause can’t exceed the area’s applicable loan limit.
The home can’t be designed for the production of income.

How much can I borrow with a USDA Direct Mortgage?

What areas in PA are eligible for USDA Direct Loans?

The subject property must be in an approved rural area. You can search specific addresses in Pennsylvania for USDA eligibility here.

Are there other zero down mortgage options or low down payment mortgages in Pennsylvania?

Yes, other low down payment mortgage options, and no down payment mortgage options are available in Pennsylvania besides USDA Direct Loans. You can start by looking into USDA Guaranteed Loans in Pennsylvania, FHA Loan in Pennsylvania, or if you’re a veteran or qualified family member, VA Loans in Pennsylvania. You may also want to research if any helpful Pennsylvania down payment assistance programs may be available.

Search all USDA Guaranteed Loan Limits (Direct and Guaranteed Loans)
Learn about today’s USDA Loan Requirements

Direct Loans aren’t as popular as USDA Guaranteed Loans, which accommodate a wider range of borrower qualifications. The USDA sets specific maximum mortgage limits for Direct Loans in Pennsylvania. Search home loan limits for your area below.

Pennsylvania USDA Direct Loan Limits

Area	Direct Loan Limit
Adams	$251,862
Allegheny	$251,862
Armstrong	$251,862
Beaver	$251,862
Bedford	$251,862
Berks	$251,862
Blair	$251,862
Bradford	$251,862
Bucks	$322,000
Butler	$251,862
Cambria	$251,862
Cameron	$251,862
Carbon	$298,080
Centre	$251,862
Chester	$322,000
Clarion	$251,862
Clearfield	$251,862
Clinton	$251,862
Columbia	$251,862
Crawford	$251,862
Cumberland	$251,862
Dauphin	$251,862
Delaware	$322,000
Elk	$251,862
Erie	$251,862
Fayette	$251,862
Forest	$251,862
Franklin	$251,862
Fulton	$251,862
Greene	$251,862
Huntingdon	$251,862
Indiana	$251,862
Jefferson	$251,862
Juniata	$251,862
Lackawanna	$251,862
Lancaster	$251,862
Lawrence	$251,862
Lebanon	$251,862
Lehigh	$298,080
Luzerne	$251,862
Lycoming	$251,862
McKean	$251,862
Mercer	$251,862
Mifflin	$251,862
Monroe	$251,862
Montgomery	$322,000
Montour	$251,862
Northampton	$298,080
Northumberland	$251,862
Perry	$251,862
Pike	$581,220
Potter	$251,862
Republic of Palau	$80,000
Schuylkill	$251,862
Snyder	$251,862
Somerset	$251,862
Sullivan	$251,862
Susquehanna	$251,862
Tioga	$251,862
Union	$251,862
Venango	$251,862
Warren	$251,862
Washington	$251,862
Wayne	$251,862
Westmoreland	$251,862
Wyoming	$251,862
York	$251,862

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

More USDA Direct Loan Limits

home loans for low income usda direct loan usda direct loan limits usda loans

Michigan USDA Direct Loan Limits – Low Income Loans

By Spencer Llewellyn at 12:42 am on January 5, 2023

USDA Direct Loans (also known as USDA Section 502 Direct Loans) are a mortgage program that assists low- and very-low income individuals buy decent, safe, and clean housing in rural areas. This is done through payment assistance which increases a borrower’s ability to repay. That payment assistance can be best described a subsidy which lowers the mortgage payment for short periods. The amount of assistance largely depends on the adjusted family income. USDA Direct Home Loans in Michigan don’t work in the same manner as USDA Guaranteed Loans in Michigan. The USDA Guaranteed Loan Program is a more popular option and can be used for a wider range of applicant incomes.Michigan USDA Direct Loans are 100% financing mortgages. Unlike Guaranteed USDA Loans, applicants must have low or very low income to qualify for Direct Loans.

Michigan USDA Direct Loan Requirements

USDA Direct Loans are a mortgage program available for low-income individuals to buy homes in rural areas. USDA defines low- or very low income as anything between 50% and 80% of the Area Median (AMI). The statewide median income was recently reported as $57,144 in Michigan, but this number may differ from one county to the next. For home buyers that meet those requirements, USDA Loans are a zero-down mortgage, meaning there’s no down payment. To be eligible, applicants must also meet the following requirements:

You don’t presently have decent, clean, sanitary and safe housing.
You can’t get another mortgage from a different source with terms and conditions reasonably expected to be met.
The subject property must be your primary residence.
You must be legally eligible for a mortgage.
You must meet citizenship requirements or non-citizen requirements.
You must be eligible for participation in federal programs.

In addition, the subject property must meet the following requirements.

It must be moderately-sized for that area.
The home cause can’t exceed the area’s applicable loan limit.
The home can’t be designed for the production of income.

How much can I borrow with a USDA Direct Mortgage?

What areas in MI are eligible for USDA Direct Loans?

The subject property must be in an approved rural area. You can search specific addresses in Michigan for USDA eligibility here.

Are there other zero down mortgage options or low down payment mortgages in Michigan?

Yes, other low down payment mortgage options, and no down payment mortgage options are available in Michigan besides USDA Direct Loans. You can start by looking into USDA Guaranteed Loans in Michigan, FHA Loan in Michigan, or if you’re a veteran or qualified family member, VA Loans in Michigan. You may also want to research if any helpful Michigan down payment assistance programs may be available.

Search all USDA Guaranteed Loan Limits (Direct and Guaranteed Loans)
Learn about today’s USDA Loan Requirements

Direct Loans aren’t as popular as USDA Guaranteed Loans, which accommodate a wider range of borrower qualifications. The USDA sets specific maximum mortgage limits for Direct Loans in Michigan. Search home loan limits for your area below.

Michigan USDA Direct Loan Limits

Area	Direct Loan Limit
Alcona	$251,862
Alger	$251,862
Allegan	$251,862
Alpena	$251,862
Antrim	$251,862
Arenac	$251,862
Baraga	$251,862
Barry	$251,862
Bay	$251,862
Benzie	$253,000
Berrien	$251,862
Branch	$251,862
Calhoun	$251,862
Cass	$251,862
Charlevoix	$253,000
Cheboygan	$251,862
Chippewa	$251,862
Clare	$251,862
Clinton	$251,862
Crawford	$251,862
Delta	$251,862
Dickinson	$251,862
Eaton	$251,862
Emmet	$251,862
Genesee	$251,862
Gladwin	$251,862
Gogebic	$251,862
Grand Traverse	$253,000
Gratiot	$251,862
Hillsdale	$251,862
Houghton	$251,862
Huron	$251,862
Ingham	$251,862
Ionia	$251,862
Iosco	$251,862
Iron	$251,862
Isabella	$251,862
Jackson	$251,862
Kalamazoo	$251,862
Kalkaska	$253,000
Kent	$251,862
Keweenaw	$251,862
Lake	$251,862
Lapeer	$251,862
Leelanau	$253,000
Lenawee	$253,000
Livingston	$267,000
Luce	$251,862
Mackinac	$251,862
Macomb	$251,862
Manistee	$251,862
Marquette	$251,862
Mason	$251,862
Mecosta	$251,862
Menominee	$251,862
Midland	$251,862
Missaukee	$251,862
Monroe	$251,862
Montcalm	$251,862
Montmorency	$251,862
Muskegon	$251,862
Newaygo	$251,862
Oakland	$254,000
Oceana	$251,862
Ogemaw	$251,862
Ontonagon	$251,862
Osceola	$251,862
Oscoda	$251,862
Otsego	$251,862
Ottawa	$251,862
Presque Isle	$251,862
Roscommon	$251,862
Saginaw	$251,862
Sanilac	$251,862
Schoolcraft	$251,862
Shiawassee	$251,862
St. Clair	$251,862
St. Joseph	$251,862
Tuscola	$251,862
Van Buren	$251,862
Washtenaw	$297,000
Wayne	$251,862
Wexford	$251,862

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

More USDA Direct Loan Limits

home loans for low income usda direct loan usda direct loan limits usda loans

Rhode Island USDA Direct Loan Limits – Low Income Loans

By Spencer Llewellyn at 12:42 am on January 5, 2023

USDA Direct Loans (also known as USDA Section 502 Direct Loans) are a mortgage program that assists low- and very-low income individuals buy decent, safe, and clean housing in rural areas. This is done through payment assistance which increases a borrower’s ability to repay. That payment assistance can be best described a subsidy which lowers the mortgage payment for short periods. The amount of assistance largely depends on the adjusted family income. USDA Direct Home Loans in Rhode Island don’t work in the same manner as USDA Guaranteed Loans in Rhode Island. The USDA Guaranteed Loan Program is a more popular option and can be used for a wider range of applicant incomes.Rhode Island USDA Direct Loans are 100% financing mortgages. Unlike Guaranteed USDA Loans, applicants must have low or very low income to qualify for Direct Loans.

Rhode Island USDA Direct Loan Requirements

USDA Direct Loans are a mortgage program available for low-income individuals to buy homes in rural areas. USDA defines low- or very low income as anything between 50% and 80% of the Area Median (AMI). The statewide median income was recently reported as $67,167 in Rhode Island, but this number may differ from one county to the next. For home buyers that meet those requirements, USDA Loans are a zero-down mortgage, meaning there’s no down payment. To be eligible, applicants must also meet the following requirements:

You don’t presently have decent, clean, sanitary and safe housing.
You can’t get another mortgage from a different source with terms and conditions reasonably expected to be met.
The subject property must be your primary residence.
You must be legally eligible for a mortgage.
You must meet citizenship requirements or non-citizen requirements.
You must be eligible for participation in federal programs.

In addition, the subject property must meet the following requirements.

It must be moderately-sized for that area.
The home cause can’t exceed the area’s applicable loan limit.
The home can’t be designed for the production of income.

How much can I borrow with a USDA Direct Mortgage?

What areas in RI are eligible for USDA Direct Loans?

The subject property must be in an approved rural area. You can search specific addresses in Rhode Island for USDA eligibility here.

Are there other zero down mortgage options or low down payment mortgages in Rhode Island?

Yes, other low down payment mortgage options, and no down payment mortgage options are available in Rhode Island besides USDA Direct Loans. You can start by looking into USDA Guaranteed Loans in Rhode Island, FHA Loan in Rhode Island, or if you’re a veteran or qualified family member, VA Loans in Rhode Island. You may also want to research if any helpful Rhode Island down payment assistance programs may be available.

Search all USDA Guaranteed Loan Limits (Direct and Guaranteed Loans)
Learn about today’s USDA Loan Requirements

Direct Loans aren’t as popular as USDA Guaranteed Loans, which accommodate a wider range of borrower qualifications. The USDA sets specific maximum mortgage limits for Direct Loans in Rhode Island. Search home loan limits for your area below.