Low Down Payment Mortgage Programs

Low Down Payment Mortgage

The mortgage down payment is a barrier faced by first-time home buyers for generations. Even if you have steady employment and good credit scores, a large down payment can be much harder to achieve. Read More

USDA Loan Requirements | 2018

USDA Loan Requirements

USDA home loans are one of two zero down mortgage programs still available in America to buy a new home.  As with any mortgage, there are groups of specific requirements that must be met before an applicant is approved. Read More

USDA Loans

USDA Loans

In today’s housing market, anyone looking to purchase a home with nothing down finds themselves with limited options. Fortunately, USDA home loans still offer 100% financing with low mortgage rates for home purchases. And these rural development loans can be used across most areas of the country. Don’t overlook the no-down payment mortgage options offer through USDA loans. Read More

Mortgage LTV Ratio: Loan-to-Value

LTV Ratio

The Loan-to-Value Ratio (LTV) is a percentage used to describe a loan amount compared to a property valuation. Lenders often use LTV Ratios to determine evaluate mortgage risk, determine applicant approval, and if they’ll be required to carry mortgage insurance. In general, higher LTV ratios represent increased risk to the lender. Therefore, high LTV mortgage loans are usually required to carry mortgage insurance. The LTV ratio is contingent on a property’s appraised value, as determined by the lender and mortgage program.

How is Mortgage LTV Calculated?

Loan-to-Value is calculated several ways, depending on the purpose of the mortgage. For a home purchase loan, the LTV is calculated based upon the sales price. For a refinance, the LTV is calculated based upon the appraised value of the home. The LTV ratio for either method is determined by dividing the loan amount by either the purchase price or total appraised value of the subject property.

Loan-to-Value Calculation

Example: Let’s assume you want to purchase a home that has an appraised value of $100,000. If you have $20,000 available for a down payment, then you’ll need to borrow another $80,000, or 80% of the purchase price.  Therefore, your ‘Loan-to-Value’ is 80%.

Conventional LTV Ratio Limits: Home Purchase

Loan to ValueMaximum Conventional LTV Ratios vary based upon several factors including mortgage type, loan purpose and the number of units in a property. Loan-to-value determines mortgage approval decisions within conventional loan requirements, and also if a borrower is required to carry Private Mortgage Insurance (PMI).

Conventional loans had maximum LTV limits of 80% historically, but that’s all changed.  These days, applicants can get conventional loans with LTV ratios of up to 97%.

Residence UsageFixed-Rate Mortgage (FRM)Adjustable-Rate Mortgage (ARM)
1 Unit Primary97% LTV90% LTV
2 Units Primary85% LTV75% LTV
3 Units Primary75% LTV65% LTV
4 Units Primary75% LTV65% LTV
1 Unit Second Home90% LTV80% LTV
1 Unit Investment85% LTV75% LTV
2 Units Investment75% LTV65% LTV
3 Units Investment75% LTV65% LTV
4 Units Investment75% LTV65% LTV

Conventional LTV Limits: Rate-Term Refinance

Rate-Term Refinance is considered any refinance where the borrower doesn’t get cash back.  These no-cash-out refinance options are used to lower a homeowner’s payments and interest rate. Rate-term refinance loans usually allow higher loan-to-values than for borrowers trying to take cash out.

Residence UsageFixed-Rate Mortgage (FRM)Adjustable-Rate Mortgage (ARM)
1 Unit Primary97% LTV90% LTV
2 Units Primary85% LTV75% LTV
3 Units Primary75% LTV65% LTV
4 Units Primary75% LTV65% LTV
1 Unit Second Home90% LTV80% LTV
1 Unit Investment75% LTV65% LTV
2 Units Investment75% LTV65% LTV
3 Units Investment75% LTV65% LTV
4 Units Investment75% LTV65% LTV

Conventional LTV Limits: Cash-Out Refinance

Cash-Out Refinance loans are used when a borrower has equity in a property they want to turn into liquid cash.  Because these loans often increase lender risk, they generally employ stricter LTV ratio requirements than no-cash-out refinance loans.

Residence UsageFixed-Rate Mortgage (FRM)Adjustable-Rate Mortgage (ARM)
1 Unit Primary80% LTV75% LTV
2 Units Primary75% LTV65% LTV
3 Units Primary75% LTV65% LTV
4 Units Primary75% LTV65% LTV
1 Unit Second Home75% LTV65% LTV
1 Unit Investment75% LTV65% LTV
2 Units Investment70% LTV60% LTV
3 Units Investment70% LTV60% LTV
4 Units Investment70% LTV60% LTV

FHA LTV Limits: Purchase or Refinance

FHA loans allow higher LTV ratios than most mortgage programs. Therefore, they’re considered a low down payment mortgage.  Loan-to-value ratios also affect how FHA loans are priced to the consumer, and if they’re required to carry FHA mortgage insurance.

Credit ScorePurchase Mortgage Refinance Mortgage
580+ FICO Score96.5% LTV85% LTV
Below 580 FICO Score90% LTV85% LTV

VA LTV Limits: Purchase or Refinance

While there’s no set maximum LTV for VA loans, it’s generally 100 percent.  VA loan-to-value may exceed 100 percent if the veteran chooses to finance the funding fee, discount points or energy efficient improvements.

 Purchase Mortgage Refinance Mortgage
All Credit Scores100% LTV + Points, Fees100% LTV + Points, Fees

USDA LTV Limits: Purchase or Streamline Refinance

USDA loans are a zero down payment mortgage program, which means they’re offered with LTV’s of 100%.  Technically, USDA loans are offered with a maximum loan-to-value of 102% because of the 2% “Guarantee Fee” may be rolled into the mortgage amount and paid over the duration of the loan.

 Purchase Mortgage Streamline Refinance
All Credit Scores102% LTV102% LTV

Smart Tips for Self-Employed Mortgage Applicants

Mortgage Application Tips

If you’re self-employed, getting approved for a mortgage is more complicated than getting approved with a traditional job paying W-2 income. There are usually few key differences that self-employed applicants should prepare for in advance to make the process smoother. Read More

Iowa USDA Direct Loan Income Limits – Low Income Loans

USDA Direct Loans are low income loans that can be used to purchase homes in rural areas of Iowa. To qualify for Direct Loans, applicants must have low or very low income, which is defined by the USDA as 50% to 80% of the Area Median Income (AMI).

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

Direct Loans are less common in Iowa than USDA Guaranteed Loans, which accommodate applicants that make more money. Like Guaranteed USDA Loans, Direct Loans are a mortgage program with no down payment. The maximum yearly income limits that applicants are permitted to make for Direct Loan approval are listed below.

Iowa USDA Direct Loan Maximum Income Limits

Area
1 Person
2 Person
3 Person
4 Person
5 Person
Adair County, IA $55,500$55,500 $55,500$55,500 $73,250
Adams County, IA $55,500$55,500 $55,500$55,500 $73,250
Allamakee County, IA $55,500$55,500 $55,500$55,500 $73,250
Ames, IA MSA $70,150$70,150 $70,150$70,150 $92,600
Appanoose County, IA $55,500$55,500 $55,500$55,500 $73,250
Audubon County, IA $55,500$55,500 $55,500$55,500 $73,250
Benton County, IA HUD Metro FMR Area $66,150$66,150 $66,150$66,150 $87,300
Boone County, IA $59,700$59,700 $59,700$59,700 $78,800
Bremer County, IA HUD Metro FMR Area $68,800$68,800 $68,800$68,800 $90,800
Buchanan County, IA $61,300$61,300 $61,300$61,300 $80,900
Buena Vista County, IA $55,500$55,500 $55,500$55,500 $73,250
Butler County, IA $56,100$56,100 $56,100$56,100 $74,050
Calhoun County, IA $55,500$55,500 $55,500$55,500 $73,250
Carroll County, IA $60,000$60,000 $60,000$60,000 $79,200
Cass County, IA $55,500$55,500 $55,500$55,500 $73,250
Cedar County, IA $61,600$61,600 $61,600$61,600 $81,300
Cedar Rapids, IA HUD Metro FMR Area $71,450$71,450 $71,450$71,450 $94,300
Cerro Gordo County, IA $55,500$55,500 $55,500$55,500 $73,250
Cherokee County, IA $56,400$56,400 $56,400$56,400 $74,450
Chickasaw County, IA $55,500$55,500 $55,500$55,500 $73,250
Clarke County, IA $55,500$55,500 $55,500$55,500 $73,250
Clay County, IA $55,500$55,500 $55,500$55,500 $73,250
Clayton County, IA $55,500$55,500 $55,500$55,500 $73,250
Clinton County, IA $55,500$55,500 $55,500$55,500 $73,250
Crawford County, IA $55,500$55,500 $55,500$55,500 $73,250
Davenport-Moline-Rock Island, IA-IL MSA $58,150$58,150 $58,150$58,150 $76,750
Davis County, IA $55,500$55,500 $55,500$55,500 $73,250
Decatur County, IA $55,500$55,500 $55,500$55,500 $73,250
Delaware County, IA $60,700$60,700 $60,700$60,700 $80,100
Des Moines County, IA $55,500$55,500 $55,500$55,500 $73,250
Des Moines-West Des Moines, IA MSA $70,000$70,000 $70,000$70,000 $92,400
Dickinson County, IA $63,200$63,200 $63,200$63,200 $83,400
Dubuque, IA MSA $65,100$65,100 $65,100$65,100 $85,950
Emmet County, IA $55,500$55,500 $55,500$55,500 $73,250
Fayette County, IA $55,500$55,500 $55,500$55,500 $73,250
Floyd County, IA $55,500$55,500 $55,500$55,500 $73,250
Franklin County, IA $55,500$55,500 $55,500$55,500 $73,250
Fremont County, IA $55,500$55,500 $55,500$55,500 $73,250
Greene County, IA $55,500$55,500 $55,500$55,500 $73,250
Grundy County, IA SEA $59,600$59,600 $59,600$59,600 $78,650
Hamilton County, IA $55,500$55,500 $55,500$55,500 $73,250
Hancock County, IA $56,150$56,150 $56,150$56,150 $74,100
Hardin County, IA $58,300$58,300 $58,300$58,300 $76,950
Henry County, IA $55,500$55,500 $55,500$55,500 $73,250
Howard County, IA $55,500$55,500 $55,500$55,500 $73,250
Humboldt County, IA $55,500$55,500 $55,500$55,500 $73,250
Ida County, IA $55,500$55,500 $55,500$55,500 $73,250
Iowa City, IA HUD Metro FMR Area $75,500$75,500 $75,500$75,500 $99,650
Iowa County, IA $60,400$60,400 $60,400$60,400 $79,750
Jackson County, IA $55,500$55,500 $55,500$55,500 $73,250
Jasper County, IA $58,100$58,100 $58,100$58,100 $76,700
Jefferson County, IA $55,500$55,500 $55,500$55,500 $73,250
Jones County, IA HUD Metro FMR Area $58,900$58,900 $58,900$58,900 $77,750
Keokuk County, IA $55,500$55,500 $55,500$55,500 $73,250
Kossuth County, IA $56,700$56,700 $56,700$56,700 $74,850
Lee County, IA $55,500$55,500 $55,500$55,500 $73,250
Louisa County, IA $55,500$55,500 $55,500$55,500 $73,250
Lucas County, IA $55,500$55,500 $55,500$55,500 $73,250
Lyon County, IA $59,100$59,100 $59,100$59,100 $78,000
Mahaska County, IA $55,500$55,500 $55,500$55,500 $73,250
Marion County, IA $60,300$60,300 $60,300$60,300 $79,600
Marshall County, IA $55,500$55,500 $55,500$55,500 $73,250
Mitchell County, IA $55,750$55,750 $55,750$55,750 $73,600
Monona County, IA $55,500$55,500 $55,500$55,500 $73,250
Monroe County, IA $55,500$55,500 $55,500$55,500 $73,250
Montgomery County, IA $55,500$55,500 $55,500$55,500 $73,250
Muscatine County, IA $56,650$56,650 $56,650$56,650 $74,800
O'Brien County, IA $57,200$57,200 $57,200$57,200 $75,500
Omaha-Council Bluffs, NE-IA HUD Metro FMR Area $68,800$68,800 $68,800$68,800 $90,800
Osceola County, IA $55,500$55,500 $55,500$55,500 $73,250
Page County, IA $55,500$55,500 $55,500$55,500 $73,250
Palo Alto County, IA $55,500$55,500 $55,500$55,500 $73,250
Plymouth County, IA HUD Metro FMR Area $60,950$60,950 $60,950$60,950 $80,450
Pocahontas County, IA $55,500$55,500 $55,500$55,500 $73,250
Poweshiek County, IA $57,050$57,050 $57,050$57,050 $75,300
Ringgold County, IA $55,500$55,500 $55,500$55,500 $73,250
Sac County, IA $55,500$55,500 $55,500$55,500 $73,250
Shelby County, IA $57,450$57,450 $57,450$57,450 $75,850
Sioux City, IA-NE-SD HUD Metro FMR Area $55,600$55,600 $55,600$55,600 $73,400
Sioux County, IA $61,600$61,600 $61,600$61,600 $81,300
Tama County, IA $55,500$55,500 $55,500$55,500 $73,250
Taylor County, IA $55,500$55,500 $55,500$55,500 $73,250
Union County, IA $55,500$55,500 $55,500$55,500 $73,250
Van Buren County, IA $55,500$55,500 $55,500$55,500 $73,250
Wapello County, IA $55,500$55,500 $55,500$55,500 $73,250
Washington County, IA HUD Metro FMR Area $60,150$60,150 $60,150$60,150 $79,400
Waterloo-Cedar Falls, IA HUD Metro FMR Area $59,600$59,600 $59,600$59,600 $78,650
Wayne County, IA $55,500$55,500 $55,500$55,500 $73,250
Webster County, IA $55,500$55,500 $55,500$55,500 $73,250
Winnebago County, IA $55,500$55,500 $55,500$55,500 $73,250
Winneshiek County, IA $60,900$60,900 $60,900$60,900 $80,400
Worth County, IA $55,500$55,500 $55,500$55,500 $73,250
Wright County, IA $55,500$55,500 $55,500$55,500 $73,250

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Maximum Applicant Income
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West Virginia USDA Direct Income Limits
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Indiana USDA Direct Loan Income Limits – Low Income Loans

USDA Direct Loans are low income loans that can be used to purchase homes in rural areas of Indiana. To qualify for Direct Loans, applicants must have low or very low income, which is defined by the USDA as 50% to 80% of the Area Median Income (AMI).

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

Direct Loans are less common in Indiana than USDA Guaranteed Loans, which accommodate applicants that make more money. Like Guaranteed USDA Loans, Direct Loans are a mortgage program with no down payment. The maximum yearly income limits that applicants are permitted to make for Direct Loan approval are listed below.

Indiana USDA Direct Loan Maximum Income Limits

Area
1 Person
2 Person
3 Person
4 Person
5 Person
Adams County, IN $51,600$51,600 $51,600$51,600 $68,100
Anderson, IN HUD Metro FMR Area $51,600$51,600 $51,600$51,600 $68,100
Blackford County, IN $51,600$51,600 $51,600$51,600 $68,100
Bloomington, IN HUD Metro FMR Area $59,050$59,050 $59,050$59,050 $77,950
Carroll County, IN HUD Metro FMR Area $52,300$52,300 $52,300$52,300 $69,050
Cass County, IN $51,600$51,600 $51,600$51,600 $68,100
Cincinnati, OH-KY-IN HUD Metro FMR Area $65,050$65,050 $65,050$65,050 $85,850
Clinton County, IN $52,700$52,700 $52,700$52,700 $69,550
Columbus, IN MSA $57,750$57,750 $57,750$57,750 $76,250
Crawford County, IN $51,600$51,600 $51,600$51,600 $68,100
Daviess County, IN $51,600$51,600 $51,600$51,600 $68,100
Decatur County, IN $51,600$51,600 $51,600$51,600 $68,100
DeKalb County, IN $52,700$52,700 $52,700$52,700 $69,550
Dubois County, IN $60,100$60,100 $60,100$60,100 $79,350
Elkhart-Goshen, IN MSA $53,750$53,750 $53,750$53,750 $70,950
Evansville, IN-KY MSA $53,750$53,750 $53,750$53,750 $70,950
Fayette County, IN $51,600$51,600 $51,600$51,600 $68,100
Fort Wayne, IN MSA $55,050$55,050 $55,050$55,050 $72,650
Fountain County, IN $51,600$51,600 $51,600$51,600 $68,100
Franklin County, IN $57,050$57,050 $57,050$57,050 $75,300
Fulton County, IN $51,600$51,600 $51,600$51,600 $68,100
Gary, IN HUD Metro FMR Area $58,250$58,250 $58,250$58,250 $76,900
Gibson County, IN $53,300$53,300 $53,300$53,300 $70,350
Grant County, IN $51,600$51,600 $51,600$51,600 $68,100
Greene County, IN $51,600$51,600 $51,600$51,600 $68,100
Henry County, IN $51,600$51,600 $51,600$51,600 $68,100
Huntington County, IN $51,600$51,600 $51,600$51,600 $68,100
Indianapolis-Carmel, IN HUD Metro FMR Area $63,900$63,900 $63,900$63,900 $84,350
Jackson County, IN $51,600$51,600 $51,600$51,600 $68,100
Jasper County, IN HUD Metro FMR Area $56,900$56,900 $56,900$56,900 $75,100
Jay County, IN $51,600$51,600 $51,600$51,600 $68,100
Jefferson County, IN $51,600$51,600 $51,600$51,600 $68,100
Jennings County, IN $51,600$51,600 $51,600$51,600 $68,100
Knox County, IN $51,600$51,600 $51,600$51,600 $68,100
Kokomo, IN MSA $52,150$52,150 $52,150$52,150 $68,850
Kosciusko County, IN $53,200$53,200 $53,200$53,200 $70,200
Lafayette-West Lafayette, IN HUD Metro FMR Area $56,300$56,300 $56,300$56,300 $74,300
LaGrange County, IN $51,600$51,600 $51,600$51,600 $68,100
Lawrence County, IN $51,600$51,600 $51,600$51,600 $68,100
Louisville, KY-IN HUD Metro FMR Area $61,100$61,100 $61,100$61,100 $80,650
Marshall County, IN $52,000$52,000 $52,000$52,000 $68,650
Martin County, IN $51,600$51,600 $51,600$51,600 $68,100
Miami County, IN $51,600$51,600 $51,600$51,600 $68,100
Michigan City-La Porte, IN MSA $53,700$53,700 $53,700$53,700 $70,900
Montgomery County, IN $51,600$51,600 $51,600$51,600 $68,100
Muncie, IN MSA $51,600$51,600 $51,600$51,600 $68,100
Noble County, IN $52,000$52,000 $52,000$52,000 $68,650
Orange County, IN $51,600$51,600 $51,600$51,600 $68,100
Owen County, IN HUD Metro FMR Area $51,600$51,600 $51,600$51,600 $68,100
Parke County, IN $51,600$51,600 $51,600$51,600 $68,100
Perry County, IN $51,600$51,600 $51,600$51,600 $68,100
Pike County, IN $51,600$51,600 $51,600$51,600 $68,100
Pulaski County, IN $51,600$51,600 $51,600$51,600 $68,100
Putnam County, IN HUD Metro FMR Area $55,700$55,700 $55,700$55,700 $73,500
Randolph County, IN $51,600$51,600 $51,600$51,600 $68,100
Ripley County, IN $51,600$51,600 $51,600$51,600 $68,100
Rush County, IN $51,600$51,600 $51,600$51,600 $68,100
Scott County, IN HUD Metro FMR Area $51,600$51,600 $51,600$51,600 $68,100
South Bend-Mishawaka, IN HUD Metro FMR Area $52,500$52,500 $52,500$52,500 $69,300
Spencer County, IN $56,400$56,400 $56,400$56,400 $74,450
Starke County, IN $51,600$51,600 $51,600$51,600 $68,100
Steuben County, IN $51,600$51,600 $51,600$51,600 $68,100
Sullivan County, IN HUD Metro FMR Area $51,600$51,600 $51,600$51,600 $68,100
Switzerland County, IN $51,600$51,600 $51,600$51,600 $68,100
Terre Haute, IN HUD Metro FMR Area $51,600$51,600 $51,600$51,600 $68,100
Tipton County, IN $54,950$54,950 $54,950$54,950 $72,550
Union County, IN HUD Metro FMR Area $51,600$51,600 $51,600$51,600 $68,100
Wabash County, IN $51,600$51,600 $51,600$51,600 $68,100
Warren County, IN $58,300$58,300 $58,300$58,300 $76,950
Washington County, IN HUD Metro FMR Area $51,600$51,600 $51,600$51,600 $68,100
Wayne County, IN $51,600$51,600 $51,600$51,600 $68,100
White County, IN $52,300$52,300 $52,300$52,300 $69,050

More USDA Direct Loan Limits (Low Income)

Maximum Loan Amounts
Alabama USDA Direct Loan Limits

Alaska USDA Direct Loan Limits
Arizona USDA Direct Loan Limits
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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
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Nebraska USDA Direct Loan Limits
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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

 

Illinois USDA Direct Loan Income Limits – Low Income Loans

USDA Direct Loans are low income loans that can be used to purchase homes in rural areas of Illinois. To qualify for Direct Loans, applicants must have low or very low income, which is defined by the USDA as 50% to 80% of the Area Median Income (AMI).

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

Direct Loans are less common in Illinois than USDA Guaranteed Loans, which accommodate applicants that make more money. Like Guaranteed USDA Loans, Direct Loans are a mortgage program with no down payment. The maximum yearly income limits that applicants are permitted to make for Direct Loan approval are listed below.

Illinois USDA Direct Loan Maximum Income Limits

Area
1 Person
2 Person
3 Person
4 Person
5 Person
Adams County, IL $53,050$53,050 $53,050$53,050 $70,050
Alexander County, IL SEA $51,700$51,700 $51,700$51,700 $68,250
Bloomington, IL HUD Metro FMR Area $73,300$73,300 $73,300$73,300 $96,750
Bond County, IL HUD Metro FMR Area $56,000$56,000 $56,000$56,000 $73,900
Brown County, IL $58,800$58,800 $58,800$58,800 $77,600
Bureau County, IL $55,350$55,350 $55,350$55,350 $73,050
Carroll County, IL $53,050$53,050 $53,050$53,050 $70,050
Cass County, IL $53,050$53,050 $53,050$53,050 $70,050
Champaign-Urbana, IL MSA $63,600$63,600 $63,600$63,600 $83,950
Chicago-Joliet-Naperville, IL HUD Metro FMR Area $71,300$71,300 $71,300$71,300 $94,100
Christian County, IL $53,050$53,050 $53,050$53,050 $70,050
Clark County, IL $53,050$53,050 $53,050$53,050 $70,050
Clay County, IL $53,050$53,050 $53,050$53,050 $70,050
Coles County, IL $53,050$53,050 $53,050$53,050 $70,050
Crawford County, IL $55,350$55,350 $55,350$55,350 $73,050
Cumberland County, IL $53,050$53,050 $53,050$53,050 $70,050
Danville, IL MSA $53,050$53,050 $53,050$53,050 $70,050
Davenport-Moline-Rock Island, IA-IL MSA $58,150$58,150 $58,150$58,150 $76,750
De Witt County, IL HUD Metro FMR Area $59,050$59,050 $59,050$59,050 $77,950
Decatur, IL MSA $53,500$53,500 $53,500$53,500 $70,600
DeKalb County, IL HUD Metro FMR Area $61,900$61,900 $61,900$61,900 $81,700
Douglas County, IL $56,400$56,400 $56,400$56,400 $74,450
Edgar County, IL $53,050$53,050 $53,050$53,050 $70,050
Edwards County, IL $53,050$53,050 $53,050$53,050 $70,050
Effingham County, IL $57,900$57,900 $57,900$57,900 $76,450
Fayette County, IL $53,050$53,050 $53,050$53,050 $70,050
Franklin County, IL $53,050$53,050 $53,050$53,050 $70,050
Fulton County, IL $53,050$53,050 $53,050$53,050 $70,050
Gallatin County, IL $53,050$53,050 $53,050$53,050 $70,050
Greene County, IL $53,050$53,050 $53,050$53,050 $70,050
Grundy County, IL HUD Metro FMR Area $68,250$68,250 $68,250$68,250 $90,100
Hamilton County, IL $53,050$53,050 $53,050$53,050 $70,050
Hancock County, IL $53,050$53,050 $53,050$53,050 $70,050
Hardin County, IL $53,050$53,050 $53,050$53,050 $70,050
Henderson County, IL $53,050$53,050 $53,050$53,050 $70,050
Iroquois County, IL $53,050$53,050 $53,050$53,050 $70,050
Jackson County, IL HUD Metro FMR Area $53,050$53,050 $53,050$53,050 $70,050
Jasper County, IL $59,300$59,300 $59,300$59,300 $78,300
Jefferson County, IL $53,050$53,050 $53,050$53,050 $70,050
Jo Daviess County, IL $60,500$60,500 $60,500$60,500 $79,850
Johnson County, IL $53,050$53,050 $53,050$53,050 $70,050
Kankakee, IL MSA $55,350$55,350 $55,350$55,350 $73,050
Kendall County, IL HUD Metro FMR Area $75,500$75,500 $75,500$75,500 $99,650
Knox County, IL $53,050$53,050 $53,050$53,050 $70,050
La Salle County, IL $60,000$60,000 $60,000$60,000 $79,200
Lawrence County, IL $53,050$53,050 $53,050$53,050 $70,050
Lee County, IL $56,700$56,700 $56,700$56,700 $74,850
Livingston County, IL $58,800$58,800 $58,800$58,800 $77,600
Logan County, IL $55,050$55,050 $55,050$55,050 $72,650
Macoupin County, IL HUD Metro FMR Area $53,750$53,750 $53,750$53,750 $70,950
Marion County, IL $53,050$53,050 $53,050$53,050 $70,050
Mason County, IL $53,050$53,050 $53,050$53,050 $70,050
Massac County, IL $53,050$53,050 $53,050$53,050 $70,050
McDonough County, IL $55,350$55,350 $55,350$55,350 $73,050
Montgomery County, IL $53,050$53,050 $53,050$53,050 $70,050
Morgan County, IL $53,050$53,050 $53,050$53,050 $70,050
Moultrie County, IL $53,050$53,050 $53,050$53,050 $70,050
Ogle County, IL $58,700$58,700 $58,700$58,700 $77,500
Peoria, IL MSA $61,500$61,500 $61,500$61,500 $81,200
Perry County, IL $53,050$53,050 $53,050$53,050 $70,050
Pike County, IL $53,050$53,050 $53,050$53,050 $70,050
Pope County, IL $53,050$53,050 $53,050$53,050 $70,050
Pulaski County, IL $53,050$53,050 $53,050$53,050 $70,050
Putnam County, IL $67,300$67,300 $67,300$67,300 $88,850
Randolph County, IL $54,300$54,300 $54,300$54,300 $71,700
Richland County, IL $53,050$53,050 $53,050$53,050 $70,050
Rockford, IL MSA $53,050$53,050 $53,050$53,050 $70,050
Saline County, IL $53,050$53,050 $53,050$53,050 $70,050
Schuyler County, IL $53,050$53,050 $53,050$53,050 $70,050
Scott County, IL $53,050$53,050 $53,050$53,050 $70,050
Shelby County, IL $53,050$53,050 $53,050$53,050 $70,050
Springfield, IL MSA $62,800$62,800 $62,800$62,800 $82,900
St. Louis, MO-IL HUD Metro FMR Area $65,050$65,050 $65,050$65,050 $85,850
Stephenson County, IL $53,050$53,050 $53,050$53,050 $70,050
Union County, IL $53,050$53,050 $53,050$53,050 $70,050
Wabash County, IL $53,050$53,050 $53,050$53,050 $70,050
Warren County, IL $53,050$53,050 $53,050$53,050 $70,050
Washington County, IL $58,650$58,650 $58,650$58,650 $77,400
Wayne County, IL $53,050$53,050 $53,050$53,050 $70,050
White County, IL $53,050$53,050 $53,050$53,050 $70,050
Whiteside County, IL $53,050$53,050 $53,050$53,050 $70,050
Williamson County, IL HUD Metro FMR Area $55,600$55,600 $55,600$55,600 $73,400

More USDA Direct Loan Limits (Low Income)

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

 

Idaho USDA Direct Loan Income Limits – Low Income Loans

USDA Direct Loans are low income loans that can be used to purchase homes in rural areas of Idaho. To qualify for Direct Loans, applicants must have low or very low income, which is defined by the USDA as 50% to 80% of the Area Median Income (AMI).

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

Direct Loans are less common in Idaho than USDA Guaranteed Loans, which accommodate applicants that make more money. Like Guaranteed USDA Loans, Direct Loans are a mortgage program with no down payment. The maximum yearly income limits that applicants are permitted to make for Direct Loan approval are listed below.

Idaho USDA Direct Loan Maximum Income Limits

Area
1 Person
2 Person
3 Person
4 Person
5 Person
Adams County, ID $49,700$49,700 $49,700$49,700 $65,600
Bear Lake County, ID $49,700$49,700 $49,700$49,700 $65,600
Benewah County, ID $49,700$49,700 $49,700$49,700 $65,600
Bingham County, ID $50,100$50,100 $50,100$50,100 $66,150
Blaine County, ID $64,500$64,500 $64,500$64,500 $85,150
Boise City, ID HUD Metro FMR Area $58,900$58,900 $58,900$58,900 $77,750
Bonner County, ID $49,700$49,700 $49,700$49,700 $65,600
Boundary County, ID $49,700$49,700 $49,700$49,700 $65,600
Butte County, ID HUD Metro FMR Area $49,700$49,700 $49,700$49,700 $65,600
Camas County, ID $49,700$49,700 $49,700$49,700 $65,600
Caribou County, ID $59,200$59,200 $59,200$59,200 $78,150
Cassia County, ID $49,700$49,700 $49,700$49,700 $65,600
Clark County, ID $49,700$49,700 $49,700$49,700 $65,600
Clearwater County, ID $49,700$49,700 $49,700$49,700 $65,600
Coeur d'Alene, ID MSA $51,700$51,700 $51,700$51,700 $68,250
Custer County, ID $52,250$52,250 $52,250$52,250 $68,950
Elmore County, ID $49,700$49,700 $49,700$49,700 $65,600
Fremont County, ID $49,700$49,700 $49,700$49,700 $65,600
Gem County, ID HUD Metro FMR Area $49,700$49,700 $49,700$49,700 $65,600
Gooding County, ID $49,700$49,700 $49,700$49,700 $65,600
Idaho County, ID $49,700$49,700 $49,700$49,700 $65,600
Idaho Falls, ID HUD Metro FMR Area $54,700$54,700 $54,700$54,700 $72,200
Jerome County, ID $49,700$49,700 $49,700$49,700 $65,600
Latah County, ID $54,000$54,000 $54,000$54,000 $71,300
Lemhi County, ID $49,700$49,700 $49,700$49,700 $65,600
Lewis County, ID $49,700$49,700 $49,700$49,700 $65,600
Lewiston, ID-WA MSA $50,500$50,500 $50,500$50,500 $66,650
Lincoln County, ID $49,700$49,700 $49,700$49,700 $65,600
Logan, UT-ID MSA $56,900$56,900 $56,900$56,900 $75,100
Madison County, ID $49,700$49,700 $49,700$49,700 $65,600
Minidoka County, ID $49,700$49,700 $49,700$49,700 $65,600
Oneida County, ID $49,700$49,700 $49,700$49,700 $65,600
Payette County, ID $49,700$49,700 $49,700$49,700 $65,600
Pocatello, ID MSA $50,300$50,300 $50,300$50,300 $66,400
Power County, ID $49,700$49,700 $49,700$49,700 $65,600
Shoshone County, ID $49,700$49,700 $49,700$49,700 $65,600
Teton County, ID $57,600$57,600 $57,600$57,600 $76,050
Twin Falls County, ID $52,150$52,150 $52,150$52,150 $68,850
Valley County, ID $53,300$53,300 $53,300$53,300 $70,350
Washington County, ID $49,700$49,700 $49,700$49,700 $65,600

More USDA Direct Loan Limits (Low Income)

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

 

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