USDA Loans in New York

USDA LOAN BENEFITS IN NEW YORK
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 NEW YORK
To be eligible for a USDA Loan you need to meet a few basic criteria. For example, you must be able to prove that you have a history of paying your bills on time. Also, to qualify for a USDA Loan you will need to be purchasing a home in a community approved by the USDA Loan Program. This typically consists of cities less than 35,000 people, but these areas are not easily defined by city lines, so the best way to know if your home would qualify is to apply and let one of our certified USDA Loan Agents take care of the rest.

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 New York.

Income Limits for New York

County Name Family Size 1 -4 Family Size 5 – 8
Albany $94,600 $124,850
Allegany $75,900 $100,200
Bronx $99,250 $131,000
Broome $75,900 $100,200
Cattaraugus $75,900 $100,200
Cayuga $75,900 $100,200
Chautauqua $75,900 $100,200
Chemung $75,900 $100,200
Chenango $75,900 $100,200
Clinton $76,900 $101,500
Columbia $86,100 $113,650
Cortland $75,900 $100,200
Delaware $75,900 $100,200
Dutchess $94,600 $124,850
Erie $77,850 $102,750
Essex $75,900 $100,200
Franklin $75,900 $100,200
Fulton $75,900 $100,200
Genesee $77,850 $102,750
Greene $75,900 $100,200
Hamilton $75,900 $100,200
Herkimer $75,900 $100,200
Jefferson $75,900 $100,200
Kings $99,250 $131,000
Lewis $75,900 $100,200
Livingston $79,000 $104,300
Madison $78,800 $104,000
Monroe $79,000 $104,300
Montgomery $75,900 $100,200
Nassau $115,150 $152,000
New York $99,250 $131,000
Niagara $77,850 $102,750
Oneida $75,900 $100,200
Onondaga $78,800 $104,000
Ontario $79,000 $104,300
Orange $94,600 $124,850
Orleans $79,000 $104,300
Oswego $78,800 $104,000
Otsego $75,900 $100,200
Putnam $99,250 $131,000
Queens $99,250 $131,000
Rensselaer $94,600 $124,850
Richmond $99,250 $131,000
Rockland $99,250 $131,000
Saratoga $94,600 $124,850
Schenectady $94,600 $124,850
Schoharie $94,600 $124,850
Schuyler $75,900 $100,200
Seneca $75,900 $100,200
St Lawrence $75,900 $100,200
Steuben $75,900 $100,200
Suffolk $115,150 $152,000
Sullivan $75,900 $100,200
Tioga $75,900 $100,200
Tompkins $90,650 $119,650
Ulster $86,450 $114,100
Warren $75,900 $100,200
Washington $75,900 $100,200
Wayne $79,000 $104,300
Westchester $108,700 $143,500
Wyoming $75,900 $100,200
Yates $75,900 $100,200

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