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Rural Home Loan Max Loan Amounts
A very common question regarding USDA Loans is about the maximum loan size or loan amount. The short answer is that there is not a maximum loan amount. However, this answer isn't completely explanatory. While there is no maximum price, there are other factors that determine whether or not a buyer can afford a particular house. Since USDA Home Loans have maximum income requirements, borrowers will reach a threshold based on their debt-to-income ratio. For example, a family of four that has a combined income of $30k per year would not be able to afford a $500k home because their debt-to-income would be too high. Individuals with enough income to support this type of loan size would likely exceed USDA's maximum income limits, thus disqualifying them for a USDA Loan. Since the maximum household income requirements do vary geographically, income thresholds change for people in different parts of the country, so the debt-to-income standards are based on the given area's figures.
Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply.
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.