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Breaking News! Increased 2023 USDA Income Limits for Florida, Texas, Tennessee, and Alabama!

July 14th, 2023 by Sean Stephens

Updated 2023 USDA Loan Income Limits were just announced!

What are the 2023 USDA Loan Income Limits in Florida, Texas, Tennessee, and Alabama?

While many of you know that it is possible to make too much money for a USDA loan, what you might not realize is just how much USDA income limits have increased for 2023!2023 Florida USDA Income Limits

Effective, July 13, 2023, USDA announced an increase to their 2023 USDA income limits for the Single-Family Housing Guaranteed Loan Program.

In today’s video, I will discuss the recent USDA income limit increases and explain why USDA income limits play such an important part in the USDA qualifying process.

If you have not already done so, be sure to download our FREE USDA Blueprint for Success. This educational resource is designed to help walk you through the USDA process step-by-step and is designed for both homebuyers and Realtors alike.

What are the updated USDA loan income limits for 2023 in Florida, Texas, Tennessee, and Alabama?2023 Sebring Florida USDA Income Limits

It is important to remember that USDA income limits vary based on the county that the property is located in as well as the number of individuals living in the house.

A key part of USDA Loan eligibility involves determining if your household income will meet the USDA income limits which is also known as “Annual Income.”

This will include all household members and NOT just those who are on the loan. Understanding your applicable county income limit is a critical step towards USDA qualifying.

Just how much has the 2023 USDA income limits changed? Let’s take a look at Florida USDA Income Limits for an example.

Effective July 13, 2023, the USDA Single Family Housing Guaranteed Loan Program has updated their income limits to the following:2023 Florida USDA Income Limits

  • For the majority of counties, a one to four person household has been increased from $103,500 to $110,650.
  • For a 5–8-person household, this has now been increased from $136,600 all the way up to $146,050!

 These are substantial increases that are already making an immediate impact by helping more families qualify to purchase a home in our rural areas!

For your convenience, click here for a comprehensive list of all updated 2023 USDA income limits.

In Summary:

  1. Never assume that your income is either eligible or ineligible for a USDA loan.
  2. Additional factors may apply, and as your USDA mortgage professionals we are here to help with the calculations.
  3. If you are a realtor or a Home Buyer who had a previous situation where a loan was denied due to the income limitations in place, don’t be discouraged, contact us today so we can review your situation and offer a second opinion.

Remember, not all lenders have experience with processing and closing USDA loans. Just call or email our office if you have any USDA qualifying questions, want to discuss a new scenario, or would just like to take advantage of our free 2nd opinion service, which is great for those existing transactions.

As a USDA and VA Approved Lender in Florida, Tennessee, Alabama, and Texas, let our experience and expertise go to work for you.

Just call, email, or text to discuss your scenario and let us show you the “Metroplex” difference!

Toll Free: (800) 806-9836 X 280

Call/Text: (863) 593-2001

Don’t forget to download our USDA Blueprint for Success with this link.

Sebring FL 2023 USDA Income Limits



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