USDA LOAN BENEFITS IN INDIANA
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 INDIANA
The largest cities in Indiana may not qualify for a USDA Loan but many of the suburbs and outlying areas do qualify. As a general rule you may qualify for a USDA Loan if your community has less than 35,000 people. USDA Loans do have set income limits based on the county you live in and the number of people in your household.
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 Indiana.
Income Limits for USDA Loans in Indiana
County Name | Family Size 1 -4 | Family Size 5 – 8 |
---|---|---|
Adams | $78,200 | $103,200 |
Allen | $78,200 | $103,200 |
Bartholomew | $78,400 | $103,500 |
Benton | $78,200 | $103,200 |
Blackford | $78,200 | $103,200 |
Boone | $80,350 | $106,050 |
Brown | $80,350 | $106,050 |
Carroll | $78,200 | $103,200 |
Cass | $78,200 | $103,200 |
Clark | $78,200 | $103,200 |
Clay | $78,200 | $103,200 |
Clinton | $78,200 | $103,200 |
Crawford | $78,200 | $103,200 |
Daviess | $78,200 | $103,200 |
Dearborn | $85,900 | $113,400 |
Decatur | $75,650 | $103,200 |
DeKalb | $78,200 | $103,200 |
Delaware | $78,200 | $103,200 |
Dubois | $80,500 | $106,250 |
Elkhart | $78,200 | $103,200 |
Fayette | $78,200 | $103,200 |
Floyd | $78,200 | $103,200 |
Fountain | $78,200 | $103,200 |
Franklin | $82,000 | $108,250 |
Fulton | $78,200 | $103,200 |
Gibson | $78,200 | $103,200 |
Grant | $78,200 | $103,200 |
Greene | $78,200 | $103,200 |
Hamilton | $80,350 | $106,050 |
Hancock | $80,350 | $106,050 |
Harrison | $78,200 | $103,200 |
Hendricks | $80,350 | $106,050 |
Henry | $78,200 | $103,200 |
Howard | $78,200 | $103,200 |
Huntington | $78,200 | $103,200 |
Jackson | $78,200 | $103,200 |
Jasper | $81,800 | $108,000 |
Jay | $78,200 | $103,200 |
Jefferson | $78,200 | $103,200 |
Jennings | $78,200 | $103,200 |
Johnson | $80,350 | $106,050 |
Knox | $78,200 | $103,200 |
Kosciusko | $78,200 | $103,200 |
LaGrange | $78,200 | $103,200 |
Lake | $78,200 | $103,200 |
LaPorte | $78,200 | $103,200 |
Lawrence | $78,200 | $103,200 |
Madison | $78,200 | $103,200 |
Marion | $80,350 | $106,050 |
Marshall | $78,200 | $103,200 |
Martin | $78,200 | $103,200 |
Miami | $78,200 | $103,200 |
Monroe | $78,200 | $103,200 |
Montgomery | $78,200 | $103,200 |
Morgan | $80,350 | $106,050 |
Newton | $78,200 | $103,200 |
Noble | $78,200 | $103,200 |
Ohio | $85,900 | $113,400 |
Orange | $78,200 | $103,200 |
Owen | $78,200 | $103,200 |
Parke | $78,200 | $103,200 |
Perry | $78,200 | $103,200 |
Pike | $78,200 | $103,200 |
Porter | $78,200 | $103,200 |
Posey | $78,200 | $103,200 |
Pulaski | $78,200 | $103,200 |
Putnam | $78,200 | $103,200 |
Randolph | $78,200 | $103,200 |
Ripley | $78,200 | $103,200 |
Rush | $78,200 | $103,200 |
Scott | $78,200 | $103,200 |
Shelby | $80,350 | $106,050 |
Spencer | $78,200 | $103,200 |
St Joseph | $78,200 | $103,200 |
Starke | $78,200 | $103,200 |
Steuben | $78,200 | $103,200 |
Sullivan | $78,200 | $103,200 |
Switzerland | $78,200 | $103,200 |
Tippecanoe | $78,200 | $99103,200850 |
Tipton | $78,200 | $103,200 |
Union | $78,200 | $103,200 |
Vanderburgh | $78,200 | $103,200 |
Vermillion | $78,200 | $103,200 |
Vigo | $78,200 | $103,200 |
Wabash | $78,200 | $103,200 |
Warren | $78,200 | $103,200 |
Warrick | $78,200 | $103,200 |
Washington | $78,200 | $103,200 |
Wayne | $78,200 | $103,200 |
Wells | $78,200 | $103,200 |
White | $78,200 | $103,200 |
Whitley | $78,200 | $103,200 |