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 Idaho don’t work in the same manner as USDA Guaranteed Loans in Idaho. The USDA Guaranteed Loan Program is a more popular option and can be used for a wider range of applicant incomes.Idaho USDA Direct Loans are 100% financing mortgages. Unlike Guaranteed USDA Loans, applicants must have low or very low income to qualify for Direct Loans.

Idaho 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 $55,785 in Idaho, 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 ID are eligible for USDA Direct Loans?

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

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

Yes, other low down payment mortgage options, and no down payment mortgage options are available in Idaho besides USDA Direct Loans. You can start by looking into USDA Guaranteed Loans in Idaho, FHA Loan in Idaho, or if you’re a veteran or qualified family member, VA Loans in Idaho. You may also want to research if any helpful Idaho 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 Idaho. Search home loan limits for your area below.

Idaho USDA Direct Loan Limits

Area
Direct Loan Limit
Ada $264,960
Adams $251,862
Bannock $251,862
Bear Lake $251,862
Benewah $251,862
Bingham $251,862
Blaine $517,040
Boise $264,960
Bonner $263,000
Bonneville $251,862
Boundary $251,862
Butte $251,862
Camas $517,040
Canyon $264,960
Caribou $251,862
Cassia $251,862
Clark $251,862
Clearwater $251,862
Custer $251,862
Elmore $251,862
Franklin $251,862
Fremont $251,862
Gem $264,960
Gooding $251,862
Idaho $251,862
Jefferson $251,862
Jerome $251,862
Kootenai $251,862
Latah $251,862
Lemhi $251,862
Lewis $251,862
Lincoln $517,040
Madison $251,862
Minidoka $251,862
Nez Perce $251,862
Oneida $251,862
Owyhee $264,960
Payette $251,862
Power $251,862
Shoshone $251,862
Teton $581,220
Twin Falls $251,862
Valley $267,000
Washington $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

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