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Just Announced: USDA loan income limits have increased!

May 8th, 2020 by usdaadmin

USDA loan income limits have increased!As of May 4th, 2020 USDA loan income limits have increased. I bet you will be surprised at just how high they are!

As you will see in today’s video, the USDA loan income limit increase can help homebuyers trying to qualify immediately. It can also benefit families who are trying to increase their maximum USDA qualifying sales price.

Don’t forget to download our USDA Blueprint for Success. This complimentary guide breaks down the USDA process step by step, and is a great educational resource for the home buying process!

USDA Loan Income Limits

Florida USDA loan income limits have increased!A key part of USDA loan eligibility involves determining if your household income will meet USDA income limits. This is also known as “Annual Income”. This  income calculation includes ALL household members and not just those who are on the loan.

The next step is understanding your applicable county USDA income limit.

Just Announced

As an example, I will be sharing the income limits published for Florida to show how the recent income limits have changed.

Effective 5/4/2020 the following USDA loan income limits will apply:

  • 1-4 person household has been increased from $86,850 to $90,300
  • 5-8 person household has been increased from $114,650 to $119,200

In addition, certain counties will allow for increased limits above and beyond what we discussed today. An example of such would be Collier County where Naples, FL saw USDA loan income limit increases up to $94, 650 and  $124,950 respectively.

For your convenience, I have included a link below to check current USDA loan income limits for any USDA county:


Important NotesTexas, Tennessee, and Alabama USDA loan income limits have increased

The following are important points to remember when determining if your Annual Income meets USDA loan eligibility requirements:

  • Never assume that your income is either eligible or ineligible for a USDA loan;
  • Additional factors may apply, and as your USDA lender, we are here to help with the calculations; and
  • Not all lenders have experience with processing and closing USDA loans. This may affect your qualifying ability!

As an approved USDA lender, we are known for our program expertise and have specific systems in place to process USDA loans from pre-qualification to closing.

Plus, our FREE download, USDA Blueprint to Success, walks you through the USDA home loan process, eligibility requirements, and much more!

Sebring, Avon Park, Lake Placid FL USDA loan income limits have increased!

Just call or email 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

800-806-9836 Ext. 280

Make it a great day, and I look forward to seeing you right here for the next tip of the week!

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