No. Only borrowers who earn less than the USDA’s income limits can qualify for a USDA loan, including a USDA refinance. USDA Guaranteed Loan borrowers must earn less than 115% of their area’s median income. USDA Direct Loan income limits are even lower. You can see whether you still qualify by entering your location and monthly income at usda.gov. If you want to refinance but don’t qualify for a USDA loan because of your income, you can still refinance into a conventional or FHA loan.