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 Oregon aren’t the same thing as USDA Section 502 Guaranteed Loans in Oregon. The USDA Guaranteed Loan Program is more popular and accommodates a wider range of applicant incomes.

Can I get a USDA Direct Loan in Oregon?

USDA Loan RequirementsUSDA Direct Loans in Oregon 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 OR is $62,818, although that figure may vary from county to county. The maximum yearly income limits for Oregon USDA Direct Loan approval are listed below. Other than meeting Oregon 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 OR 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 OR 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 Oregon?

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

Oregon USDA Direct Loan Maximum Income Limits

1 Person
2 Person
3 Person
4 Person
5 Person
Albany, OR MSA $52,500$52,500 $52,500$52,500 $69,300
Baker County, OR $46,000$46,000 $46,000$46,000 $60,700
Bend-Redmond, OR MSA $61,200$61,200 $61,200$61,200 $80,800
Clatsop County, OR $51,750$51,750 $51,750$51,750 $68,300
Coos County, OR $46,000$46,000 $46,000$46,000 $60,700
Corvallis, OR MSA $67,300$67,300 $67,300$67,300 $88,850
Crook County, OR $46,000$46,000 $46,000$46,000 $60,700
Curry County, OR $46,000$46,000 $46,000$46,000 $60,700
Douglas County, OR $47,700$47,700 $47,700$47,700 $62,950
Eugene-Springfield, OR MSA $51,900$51,900 $51,900$51,900 $68,500
Gilliam County, OR $49,100$49,100 $49,100$49,100 $64,800
Grant County, OR $46,000$46,000 $46,000$46,000 $60,700
Grants Pass, OR MSA $46,000$46,000 $46,000$46,000 $60,700
Harney County, OR $46,000$46,000 $46,000$46,000 $60,700
Hood River County, OR $56,550$56,550 $56,550$56,550 $74,650
Jefferson County, OR $46,000$46,000 $46,000$46,000 $60,700
Klamath County, OR $46,000$46,000 $46,000$46,000 $60,700
Lake County, OR $46,000$46,000 $46,000$46,000 $60,700
Lincoln County, OR $46,250$46,250 $46,250$46,250 $61,050
Malheur County, OR $46,000$46,000 $46,000$46,000 $60,700
Medford, OR MSA $51,850$51,850 $51,850$51,850 $68,450
Morrow County, OR $49,900$49,900 $49,900$49,900 $65,850
Portland-Vancouver-Hillsboro, OR-WA MSA $70,300$70,300 $70,300$70,300 $92,800
Salem, OR MSA $55,500$55,500 $55,500$55,500 $73,250
Sherman County, OR $53,600$53,600 $53,600$53,600 $70,750
Tillamook County, OR $46,000$46,000 $46,000$46,000 $60,700
Umatilla County, OR $48,550$48,550 $48,550$48,550 $64,100
Union County, OR $48,650$48,650 $48,650$48,650 $64,200
Wallowa County, OR $47,200$47,200 $47,200$47,200 $62,300
Wasco County, OR $50,250$50,250 $50,250$50,250 $66,350
Wheeler County, OR $46,000$46,000 $46,000$46,000 $60,700

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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