These loans provide low- and moderate-income households the opportunity to own their own homes in eligible rural areas. They are designed to improve the economy and quality of life in rural America.
What are the income requirements?
Income limits to qualify for a USDA home loan guarantee vary by location and depend on household size. To find the loan guarantee income limit for the county where you live, consult this USDA map and table.
Other requirements are:
- U.S. citizenship
- A monthly payment that’s 29% or less of your monthly income
- Dependable income for a minimum of 24 months
- Acceptable credit history