USDA Direct Loans are low income loans that can be used to purchase homes in rural areas of New York. 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 New York 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.

New York USDA Direct Loan Maximum Income Limits

Area
1 Person
2 Person
3 Person
4 Person
5 Person
Albany-Schenectady-Troy, NY MSA $46,050$52,650 $59,200$65,800 $71,050
Allegany County, NY $33,550$38,300 $43,100$47,900 $51,750
Binghamton, NY MSA $36,600$41,800 $47,050$52,250 $56,450
Buffalo-Cheektowaga-Niagara Falls, NY MSA $37,900$43,300 $48,750$54,150 $58,500
Cattaraugus County, NY $33,550$38,300 $43,100$47,900 $51,750
Cayuga County, NY $37,300$42,650 $47,950$53,300 $57,550
Chautauqua County, NY $33,550$38,300 $43,100$47,900 $51,750
Chenango County, NY $33,550$38,300 $43,100$47,900 $51,750
Clinton County, NY $37,450$42,800 $48,150$53,500 $57,800
Columbia County, NY $41,950$47,900 $53,900$59,900 $64,700
Cortland County, NY $34,850$39,800 $44,800$49,750 $53,750
Delaware County, NY $33,600$38,400 $43,200$48,000 $51,850
Elmira, NY MSA $36,000$41,150 $46,300$51,450 $55,550
Essex County, NY $35,000$40,000 $45,000$50,000 $54,000
Franklin County, NY $33,550$38,300 $43,100$47,900 $51,750
Fulton County, NY $33,550$38,300 $43,100$47,900 $51,750
Genesee County, NY $37,900$43,300 $48,750$54,150 $58,500
Glens Falls, NY MSA $36,600$41,850 $47,050$52,300 $56,500
Greene County, NY $34,850$39,800 $44,800$49,750 $53,750
Hamilton County, NY $36,050$41,200 $46,350$51,500 $55,600
Ithaca, NY MSA $44,150$50,450 $56,750$63,050 $68,100
Kingston, NY MSA $42,500$48,550 $54,650$60,700 $65,550
Lewis County, NY $33,550$38,300 $43,100$47,900 $51,750
Montgomery County, NY $35,550$40,650 $45,700$50,800 $54,850
Nassau-Suffolk, NY HUD Metro FMR Area $56,050$64,100 $72,100$80,100 $86,500
New York, NY HUD Metro FMR Area $51,300$58,650 $65,950$73,300 $79,150
Otsego County, NY $34,900$39,900 $44,850$49,850 $53,850
Poughkeepsie-Newburgh-Middletown, NY HUD Metro FMR Area $46,050$52,650 $59,200$65,800 $71,050
Rochester, NY HUD Metro FMR Area $38,450$43,950 $49,450$54,950 $59,350
Rockland County, NY HUD Metro FMR Area $51,300$58,650 $65,950$73,300 $79,150
Schuyler County, NY $34,000$38,850 $43,700$48,550 $52,450
Seneca County, NY $35,050$40,100 $45,100$50,100 $54,100
St. Lawrence County, NY $33,550$38,300 $43,100$47,900 $51,750
Steuben County, NY $33,550$38,300 $43,100$47,900 $51,750
Sullivan County, NY $35,300$40,300 $45,350$50,400 $54,450
Syracuse, NY MSA $38,750$44,300 $49,800$55,350 $59,800
Utica-Rome, NY MSA $35,300$40,300 $45,350$50,400 $54,450
Watertown-Fort Drum, NY MSA $35,500$40,550 $45,650$50,700 $54,750
Westchester County, NY Statutory Exception Area $52,900$60,500 $68,050$75,600 $81,650
Wyoming County, NY $36,300$41,500 $46,650$51,850 $56,000
Yates County, NY HUD Metro FMR Area $35,350$40,400 $45,450$50,500 $54,550

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

 

Get Your Rate Quote
Refinance     Purchase

As seen in: