USDA LOAN BENEFITS IN LOUISIANA
USDA Home Loans offer flexible credit requirements along with NO MONEY DOWN. The interest rates are competitive and you can close your loan in roughly 45 days. The USDA Home loan is a great loan for those individuals with limited and average or below average credit profiles. A credit score of 620 is required to qualify for a USDA Loan, and a credit score of 640 drastically increases your chances. If you are close to either of these credit scores, contact one of our USDA Loan agents today to see how we can help you improve your credit score.
USDA LOAN ELIGIBILITY IN LOUISIANA
To be eligible for a USDA Loan, the home you are purchasing must be located in an approved area set forth by the USDA Loan Program. These areas typically have populations of less than 35,000 people, so cities such as New Orleans and Baton Rouge will not qualify. However, many of the suburbs surrounding these large cities will qualify for a USDA Loan in Louisiana.
To qualify for a USDA Loan, USDA Loan Underwriters will want to make sure that you meet income guidelines. USDA Loan income guidelines are based off of your household size and the county of your residence. Below is a list of income limits by county in Louisiana.
County Income Limits
| County Name | Family Size1 -4 | Family Size 5 – 8 |
|---|---|---|
| Acadia Perish | $78,200 | $103,200 |
| Allen Parish | $78,200 | $103,200 |
| Ascension Parish | $78,200 | $103,200 |
| Assumption Parish | $78,200 | $103,200 |
| Avoyelles Parish | $78,200 | $103,200 |
| Beauregard Parish | $78,200 | $103,200 |
| Bienville Parish | $78,200 | $103,200 |
| Bossier Parish | $78,200 | $103,200 |
| Caddo Parish | $78,200 | $103,200 |
| Calcasieu Parish | $78,200 | $103,200 |
| Caldwell Parish | $78,200 | $103,200 |
| Cameron Parish | $78,200 | $103,200 |
| Catahoula Parish | $78,200 | $103,200 |
| Claiborne Parish | $78,200 | $103,200 |
| Concordia Parish | $78,200 | $103,200 |
| De Soto Parish | $78,200 | $103,200 |
| East Baton Rouge Parish | $78,200 | $103,200 |
| East Carroll Parish | $78,200 | $103,200 |
| East Feliciana Parish | $78,200 | $103,200 |
| Evangeline Parish | $78,200 | $103,200 |
| Franklin Parish | $78,200 | $103,200 |
| Grant Parish | $78,200 | $103,200 |
| Iberia Parish | $78,200 | $103,200 |
| Iberville Parish | $78,200 | $103,200 |
| Jackson Parish | $78,200 | $103,200 |
| Jefferson Davis Parish | $78,200 | $103,200 |
| Jefferson Parish | $78,200 | $103,200 |
| La Salle Parish | $78,200 | $103,200 |
| Lafayette Parish | $78,200 | $103,200 |
| Lafourche Parish | $78,200 | $103,200 |
| Lincoln Parish | $78,200 | $103,200 |
| Livingston Parish | $78,200 | $103,200 |
| Madison Parish | $78,200 | $103,200 |
| Morehouse Parish | $78,200 | $103,200 |
| Natchitoches Parish | $78,200 | $103,200 |
| Orleans Parish | $78,200 | $103,200 |
| Ouachita Parish | $78,200 | $103,200 |
| Plaquemines Parish | $78,200 | $103,200 |
| Pointe Coupee Parish | $78,200 | $103,200 |
| Rapides Parish | $78,200 | $103,200 |
| Red River Parish | $78,200 | $103,200 |
| Richland Parish | $78,200 | $103,200 |
| Sabine Parish | $78,200 | $103,200 |
| St Bernard Parish | $78,200 | $103,200 |
| St Charles Parish | $78,200 | $103,200 |
| St Helena Parish | $78,200 | $103,200 |
| St James Parish | $78,200 | $103,200 |
| St John the Baptist Parish | $78,200 | $103,200 |
| St Landry Parish | $78,200 | $103,200 |
| St Martin Parish | $78,200 | $103,200 |
| St Mary Parish | $78,200 | $103,200 |
| St Tammany Parish | $78,200 | $103,200 |
| Tangipahoa Parish | $78,200 | $103,200 |
| Tensas Parish | $78,200 | $103,200 |
| Terrebonne Parish | $78,200 | $103,200 |
| Union Parish | $78,200 | $103,200 |
| Vermilion Parish | $78,200 | $103,200 |
| Vernon Parish | $78,200 | $103,200 |
| Washington Parish | $78,200 | $103,200 |
| Webster Parish | $78,200 | $103,200 |
| West Baton Rouge Parish | $78,200 | $103,200 |
| West Carroll Parish | $78,200 | $103,200 |
| West Feliciana Parish | $78,200 | $103,200 |
| Winn Parish | $78,200 | $103,200 |
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