Borrower Eligibility

USDA mortgages are not for everyone.  Applicants may have an income of up to 115% of the median income for the area. Area income limits for this program can be found with the link below.  Families must be without adequate housing, but be able to afford the mortgage payments, including taxes and insurance.   In other words, you cannot use a USDA loan to buy an additional property if your current property is considered adequate for the existing family.  In addition, applicants must have reasonable credit histories. Typically a 640 or higher credit score is required.

Indiana Income Guidelines by County/City

*NOTE:  USDA income calculations to determine eligibility are different that income calculations to determine how much you will qualify to borrow.  If you think you may qualify for this program you can apply with our secure online application and we can get you pre-approved for a USDA home loan.  If you make too much money to qualify then we will advise you on the next best way to borrow the money.

next page: “Property Eligibility”

DISCLAIMER: Neither Indiana USDA Mortgages ( nor Luminate Home Loans is affiliated with any government agencies, including the USDA.