The Section 502 Direct Loan Program, also known as USDA Direct Loans, is a program that aids low and very-low-income individuals purchase decent healthy, safe and clean housing in eligible rural areas. That’s accomplished though offering payment assistance which boosts a borrower’s capacity to repay. This payment assistance can be described as a form of subsidy that lowers the mortgage repayment for a brief period, and the amount of assistance is contingent upon the adjusted family income. USDA Section 502 Direct Loans in Louisiana aren’t the same thing as USDA Section 502 Guaranteed Loans in Louisiana. The USDA Guaranteed Loan Program is more popular and accommodates a wider range of applicant incomes.

Can I get a USDA Direct Loan in Louisiana?

USDA Loan RequirementsUSDA Direct Loans in Louisiana are low income loans that can be used to purchase homes in rural areas. 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). Like other rural housing loan programs, USDA Direct Loans are a mortgage with no down payment. The median income for the entire state of LA is $49,469, although that figure may vary from county to county. The maximum yearly income limits for Louisiana USDA Direct Loan approval are listed below. Other than meeting Louisiana USDA Direct Loan income limits, applicants must adhere to the following criteria to be eligible:

  • You have no decent clean, safe, and sanitary housing presently.
  • You can’t be able to get a mortgage from another source with terms and conditions that could reasonably expected to be met.
  • You must use this property for your primary residence.
  • You must possess the legal capacity to be able to contract a loan
  • You must meet citizenship or eligible noncitizen requirements.
  • You can’t be barred or suspended from participation in federal programs.

Additionally, the subject property must meet the following conditions:

  • Be a modestly sized home for that area.
  • Market value can’t be in excess of the areas applicable loan limit.
  • Can’t be designed for the production of income.

What areas in LA are eligible for USDA Direct Loans?

The property in question must be in an approved rural area. USDA Rural Development provides a webpage where you can search specific addresses in LA here.

How much can I borrow with a USDA Direct Home Loan?

The size of the mortgage that an applicant’s eligible for depends on their ability to repay. Rural Development takes into account income, assets, debt, and payment assistance when weighing eligibility for USDA Direct home loans. No matter what the repayment ability is, you can’t borrow more than the local loan limit for the county where the home is located.

Are there other mortgage options with low down payment or no down payment in Louisiana?

Yes, there may be other low down payment mortgage options, and no down payment mortgage options in Louisiana besides USDA Direct Loans. You can begin by researching Louisiana USDA Guaranteed Loans, Louisiana FHA Loans, and Louisiana VA Loans if you’re a veteran in LA or qualified family member. You may also want to look into helpful programs for down payment assistance in Louisiana.

Louisiana USDA Direct Loan Maximum Income Limits

1 Person
2 Person
3 Person
4 Person
5 Person
Acadia Parish, LA HUD Metro FMR Area $40,900$40,900 $40,900$40,900 $54,000
Alexandria, LA MSA $46,100$46,100 $46,100$46,100 $60,850
Allen Parish, LA $45,050$45,050 $45,050$45,050 $59,450
Assumption Parish, LA $50,500$50,500 $50,500$50,500 $66,650
Avoyelles Parish, LA $40,700$40,700 $40,700$40,700 $53,700
Baton Rouge, LA HUD Metro FMR Area $59,850$59,850 $59,850$59,850 $79,000
Beauregard Parish, LA $50,150$50,150 $50,150$50,150 $66,200
Bienville Parish, LA $40,700$40,700 $40,700$40,700 $53,700
Caldwell Parish, LA $41,100$41,100 $41,100$41,100 $54,250
Catahoula Parish, LA $45,350$45,350 $45,350$45,350 $59,850
Claiborne Parish, LA $40,700$40,700 $40,700$40,700 $53,700
Concordia Parish, LA $40,700$40,700 $40,700$40,700 $53,700
East Carroll Parish, LA $40,700$40,700 $40,700$40,700 $53,700
Evangeline Parish, LA $40,700$40,700 $40,700$40,700 $53,700
Franklin Parish, LA $40,700$40,700 $40,700$40,700 $53,700
Hammond, LA MSA $53,050$53,050 $53,050$53,050 $70,050
Houma-Thibodaux, LA MSA $49,300$49,300 $49,300$49,300 $65,100
Iberia Parish, LA HUD Metro FMR Area $46,100$46,100 $46,100$46,100 $60,850
Iberville Parish, LA HUD Metro FMR Area $47,900$47,900 $47,900$47,900 $63,250
Jackson Parish, LA $42,550$42,550 $42,550$42,550 $56,150
Jefferson Davis Parish, LA $46,250$46,250 $46,250$46,250 $61,050
La Salle Parish, LA $45,700$45,700 $45,700$45,700 $60,300
Lafayette, LA HUD Metro FMR Area $56,300$56,300 $56,300$56,300 $74,300
Lake Charles, LA MSA $48,400$48,400 $48,400$48,400 $63,900
Lincoln Parish, LA $45,750$45,750 $45,750$45,750 $60,400
Madison Parish, LA $40,700$40,700 $40,700$40,700 $53,700
Monroe, LA MSA $42,100$42,100 $42,100$42,100 $55,550
Morehouse Parish, LA $40,700$40,700 $40,700$40,700 $53,700
Natchitoches Parish, LA $40,700$40,700 $40,700$40,700 $53,700
New Orleans-Metairie, LA HUD Metro FMR Area $53,900$53,900 $53,900$53,900 $71,150
Red River Parish, LA $41,300$41,300 $41,300$41,300 $54,500
Richland Parish, LA $40,700$40,700 $40,700$40,700 $53,700
Sabine Parish, LA $44,500$44,500 $44,500$44,500 $58,750
Shreveport-Bossier City, LA HUD Metro FMR Area $50,150$50,150 $50,150$50,150 $66,200
St. James Parish, LA HUD Metro FMR Area $53,500$53,500 $53,500$53,500 $70,600
St. Landry Parish, LA $40,700$40,700 $40,700$40,700 $53,700
St. Mary Parish, LA $42,650$42,650 $42,650$42,650 $56,300
Tensas Parish, LA $40,700$40,700 $40,700$40,700 $53,700
Vermilion Parish, LA HUD Metro FMR Area $49,600$49,600 $49,600$49,600 $65,450
Vernon Parish, LA $47,750$47,750 $47,750$47,750 $63,050
Washington Parish, LA $40,700$40,700 $40,700$40,700 $53,700
Webster Parish, LA HUD Metro FMR Area $40,700$40,700 $40,700$40,700 $53,700
West Carroll Parish, LA $40,700$40,700 $40,700$40,700 $53,700
Winn Parish, LA $40,700$40,700 $40,700$40,700 $53,700

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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