Usda Home Loan Limits

In fact, the USDA loan programs are intended for lower income individuals and families, and there are actually limits to how much money you can make.

 · Qualified borrowers can take out USDA-guaranteed loans for 15 or 30-year payback periods. The USDA sets no official mortgage amount limits for guaranteed loans. However, your income and market rates in the location where you plan to settle determine your loan amount.

While USDA loans have income limits and are only for use in rural areas, those rural areas include most of the California wine country, the north shore of Oahu and large parts of New Jersey. Locate a. The USDA income limits in the table below list all high-cost areas.