The United States Department of Agriculture (USDA) offers a loan program for rural borrowers who meet certain income requirements. The program is managed by the Rural Housing Service (RHS), which is part of the Department of Agriculture.

This type of mortgage loan is offered to "rural residents who have a steady, low or modest income, and yet are unable to obtain adequate housing through conventional financing." Income must be no higher than 115% of the adjusted area median income [AMI]. The AMI varies by county.

Benefits of a USDA Rural Home Loan:

  • 100% financing of purchase price - no down payment for qualified applicants
  • Lower mortgage insurance compared to Conventional and FHA loans
  • Flexible credit requirements

Borrower requirements for a USDA Rural Home Loan:

  • U.S. citizenship or permanent residency
  • Two years or more of consecutive income documented
  • Credit score shows no late payments and can maintain this
  • Acceptable debt ratio determined by lender
  • Adjusted annual income cannot exceed 115% of the area median income, depending on family size
  • Property location in qualified rural area

To learn more about the USDA loan income limits:

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