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Did you know these high USDA income limits existed?

May 6th, 2016 by usdaadmin

Updated: March 2020

While many know that you can make too much money for a USDA loan, what they don’t realize is how high USDA income limits actually are!

As you will see in today’s video, the USDA income guidelines are surprisingly healthy which can be a great benefit for families that are trying to increase their maximum USDA sales price for qualifying.

Remember to download our USDA blueprint for success with this link below. I designed this free guide to help walk you through the USDA process and is perfect for both buyers and Realtors.

Do you know how high USDA income limits are?

As with any mortgage qualifying, income is important, but even more so with USDA loans because a key aspect of USDA Loan eligibility requires calculating if your household income exceeds the USDA income guidelines which are also known as “Annual Income”.

This figure takes into consideration all household members – NOT just those who qualify to be on the loan. Understanding what the applicable county USDA income guidelines are is the first step towards understanding eligibility. We are here to help determine your maximum USDA sales price.

Current base USDA income limits have a cap of $86,850 for a family of 1-4 people, and$114,650 for a 5 to 8 person household.

Also, remember that USDA guidelines allow for household income deductions which can include the following common examples:

  • Each dependent,
  • Child care expenses when applicable
  • Unreimbursed business expenses

When the USDA household income deductions are applied, this will reduce the annual income calculated which can then allow for income to be reduced below the maximum limit for that specific county. You can find the current USDA income guidelines for any USDA County here:   Current USDA INCOME LIMITS

As a USDA approved lender, Metroplex Mortgage Services holds expertise with this unique program, and because of this, we are able to help you successfully navigate the process and take advantage of this powerful program.

Simply call or email to discuss your scenario, start a new USDA pre-qualification, or if you want to take advantage of our free 2nd opinion service for a USDA loan application that is already in progress.

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