USDA Increases Income Limits for 2020

USDA Increases Income Limits for 2020

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May 4, 2020 – The US Department of Agriculture has announced that USDA Income Limits in Ohio and Indiana have increased.

The USDA Rural Development (RD) home loan program helps individuals achieve homeownership in small towns or rural areas. The program is open to homebuyers whose annual income does not exceed the USDA’s income limits.

The best part of the USDA RD Loan? It doesn’t require a down payment! That’s right, this is a true 100% financing home loan.

The USDA home loan program offers flexible credit guidelines, competitive interest rates, and low monthly mortgage insurance rates.

With the recent increase in income limits, more families will now be able to qualify for a USDA home loan.

In Ohio and Indiana, the USDA 2020 income limits have increased by about 4%. For a family of one to four people, USDA Ohio and Indiana income limits are around $90,300 depending on the county. For a family of over five people, income limits are around $119,200.

Want to see if you qualify for a USDA Home Loan? Apply today!

Indiana 2020 USDA Income Limits

*as of 5/4/2020

Click here to jump to Ohio USDA Income Limits.

County Family Size: 1-4 Family Size: 5-8*
Adams $90,300 $119,200
Allen $90,300 $119,200
Bartholomew $90,300 $119,200
Benton $90,300 $119,200
Blackford $90,300 $119,200
Boone $94,300 $124,500
Brown $94,300 $124,500
Carroll $90,300 $119,200
Cass $90,300 $119,200
Clark $90,300 $119,200
Clay $90,300 $119,200
Clinton $90,300 $119,200
Crawford $90,300 $119,200
Daviess $90,300 $119,200
Dearborn $99,250 $131,000
Decatur $90,300 $119,200
De Kalb $90,300 $119,200
Delaware $90,300 $119,200
Dubois $90,300 $119,200
Elkhart $90,300 $119,200
Fayette $90,300 $119,200
Floyd $90,300 $119,200
Fountain $90,300 $119,200
Franklin $90,300 $119,200
Fulton $90,300 $119,200
Gibson $90,300 $119,200
Grant $90,300 $119,200
Greene $90,300 $119,200
Hamilton $94,300 $124,500
Hancock $94,300 $124,500
Harrison $90,300 $119,200
Hendricks $94,300 $124,500
Henry $90,300 $119,200
Howard $90,300 $119,200
Huntington $90,300 $119,200
Jackson $90,300 $119,200
Jasper $90,300 $119,200
Jay $90,300 $119,200
Jefferson $90,300 $119,200
Jennings $90,300 $119,200
Johnson $94,300 $124,500
Knox $90,300 $119,200
Kosciusko $90,300 $119,200
La Porte $90,300 $119,200
Lagrange $90,300 $119,200
Lake $90,300 $119,200
Lawrence $90,300 $119,200
Madison $90,300 $119,200
Marion** N/A N/A
Marshall $90,300 $119,200
Martin $90,300 $119,200
Miami $90,300 $119,200
Monroe $90,300 $119,200
Montgomery $90,300 $119,200
Morgan $94,300 $124,500
Newton $90,300 $119,200
Noble $90,300 $119,200
Ohio $99,250 $131,000
Orange $90,300 $119,200
Owen $90,300 $119,200
Parke $90,300 $119,200
Perry $90,300 $119,200
Pike $90,300 $119,200
Porter $90,300 $119,200
Posey $90,300 $119,200
Pulaski $90,300 $119,200
Putnam $94,300 $124,500
Randolph $90,300 $119,200
Ripley $90,300 $119,200
Rush $90,300 $119,200
St. Joseph $90,300 $119,200
Scott $90,300 $119,200
Shelby $94,300 $124,500
Spencer $90,300 $119,200
Starke $90,300 $119,200
Steuben $90,300 $119,200
Sullivan $90,300 $119,200
Switzerland $90,300 $119,200
Tippecanoe $90,300 $119,200
Tipton $90,300 $119,200
Union $90,300 $119,200
Vanderburgh $90,300 $119,200
Vermillion $90,300 $119,200
Vigo $90,300 $119,200
Wabash $90,300 $119,200
Warren $90,300 $119,200
Warrick $90,300 $119,200
Washington $90,300 $119,200
Wayne $90,300 $119,200
Wells $90,300 $119,200
White $90,300 $119,200
Whitley $90,300 $119,200

*Add 8% of the 4 person limit for each person in excess of 8 persons.
**Marion County does not contain any USDA eligible areas.

Ohio 2020 USDA Income Limits

*as of 5/4/2020

County Family Size: 1-4 Family Size: 5-8*
Adams $90,300 $119,200
Allen $90,300 $119,200
Ashland $90,300 $119,200
Ashtabula $90,300 $119,200
Athens $90,300 $119,200
Auglaize $90,300 $119,200
Belmont $90,300 $119,200
Brown $99,250 $131,000
Butler $99,250 $131,000
Carroll $90,300 $119,200
Champaign $90,300 $119,200
Clark $90,300 $119,200
Clermont $99,250 $131,000
Clinton $90,300 $119,200
Columbiana $90,300 $119,200
Coshocton $90,300 $119,200
Crawford $90,300 $119,200
Cuyahoga** N/A N/A
Darke $90,300 $119,200
Defiance $90,300 $119,200
Delaware $96,800 $127,800
Erie $90,300 $119,200
Fairfield $96,800 $127,800
Fayette $90,300 $119,200
Franklin $96,800 $127,800
Fulton $90,300 $119,200
Gallia $90,300 $119,200
Geauga $90,300 $119,200
Greene $90,300 $119,200
Guernsey $90,300 $119,200
Hamilton $99,250 $131,000
Hancock $90,300 $119,200
Hardin $90,300 $119,200
Harrison $90,300 $119,200
Henry $90,300 $119,200
Highland $90,300 $119,200
Hocking $96,800 $127,800
Holmes $90,300 $119,200
Huron $90,300 $119,200
Jackson $90,300 $119,200
Jefferson $90,300 $119,200
Knox $90,300 $119,200
Lake $90,300 $119,200
Lawrence $90,300 $119,200
Licking $96,800 $127,800
Logan $90,300 $119,200
Lorain $90,300 $119,200
Lucas $90,300 $119,200
Madison $96,800 $127,800
Mahoning $90,300 $119,200
Marion $90,300 $119,200
Medina $90,300 $119,200
Meigs $90,300 $119,200
Mercer $90,300 $119,200
Miami $90,300 $119,200
Monroe $90,300 $119,200
Montgomery $90,300 $119,200
Morgan $90,300 $119,200
Morrow $96,800 $127,800
Muskingum $90,300 $119,200
Noble $90,300 $119,200
Ottawa $90,300 $119,200
Paulding $90,300 $119,200
Perry $96,800 $127,800
Pickaway $96,800 $127,800
Pike $90,300 $119,200
Portage $90,300 $119,200
Preble $90,300 $119,200
Putnam $90,300 $119,200
Richland $90,300 $119,200
Ross $90,300 $119,200
Sandusky $90,300 $119,200
Scioto $90,300 $119,200
Seneca $90,300 $119,200
Shelby $90,300 $119,200
Stark $90,300 $119,200
Summit** N/A N/A
Trumbull $90,300 $119,200
Tuscarawas $90,300 $119,200
Union $108,250 $142,900
Van Wert $90,300 $119,200
Vinton $90,300 $119,200
Warren $99,250 $131,000
Washington $90,300 $119,200
Wayne $90,300 $119,200
Williams $90,300 $119,200
Wood $90,300 $119,200
Wyandot $90,300 $119,200

*Add 8% of the 4 person limit for each person in excess of 8 persons.
**Cuyahoga and Summit Counties do not contain any USDA eligible areas.

***Please note, this chart is for informational purposes only. Click here to validate your income directly from the USDA website.

 

Want to learn more about the USDA home loan program? We are here to help! Give us a call at 877-892-8222.