The USDA’s Rural Housing Services (RHS) has loan limits and requirements that differ from other government programs and depend on the program being utilized. For example, the Single Family Home Loan Guarantee Program requires a property be in a rural area. Additional eligibility requirements account for factors like household size and income (being below 115% of area median income), owner occupancy, borrower immigration status, and the inability to obtain certain other financing. The Single Family Housing Direct Loan Program limits the county-level area loan amount to not exceed 80% of the local HUD 203(b) loan limits.
For more information on USDA’s Guarantee Loan program, the webpage, program fact sheet, and a map can be viewed at:
• https://www.rd.usda.gov/programs-services/single-family-housing-guaranteed-loanprogram
• https://www.rd.usda.gov/sites/default/files/fact-sheet/508_RD_FS_RHS_SFHGLP.pdf
• https://www.rd.usda.gov/files/RD-GRHLimitMap.pdf
F0r more information on USDA’s Direct Loan program, see the webpage, fact sheet, and map at:
• https://www.rd.usda.gov/programs-services/single-family-housing-direct-home-loans
• https://www.rd.usda.gov/sites/default/files/factsheet/508_RD_FS_RHS_SFH502Direct.pdf
• https://www.rd.usda.gov/files/RD-SFHAreaLoanLimitMap.pdf