Georgia USDA Loans

What are Georgia USDA Loans?

USDA Mortgage offered through Georgia USDA Rural Development gives buyers a low-cost insured home mortgage loan that suits a variety of options. A USDA mortgage is likely the best home loan option if you want to purchase a home with no down payment. If you’re unsure about your credit rating, or have concerns about a down payment when you’re doing a home loan comparison, USDA Rural Mortgage Loans can give you piece of mind with zero-down, super low closing costs and low monthly mortgage insurance.

What Types of Loans does USDA offer in Georgia?

Currently, there are two kinds of USDA Home Loans available in Georgia for single family households:

. USDA Guaranteed Rural Housing Loans
USDA Guaranteed Home Mortgage Loans are the most common type of USDA Loan in Georgia and allow for higher income limits and 100% financing for home purchases. USDA Guaranteed Loan applicants may have an income of up to 115% of the median household income for the area. Area income limits for this program can be viewed here. All USDA Guaranteed Loans carry 30 year terms and are set at a fixed rate.

. USDA Direct Rural Housing Loans
USDA Direct Housing Loans are less common than USDA Guaranteed Loans and are only available for low and very low income households to obtain homeownership, as defined by the USDA. Very low income is defined as below 50 percent of the area median income (AMI); low income is between 50 and 80 percent of AMI; moderate income is 80 to 100 percent of AMI. Click here to see area income limits for this program.

What factors determine if I am eligible for a USDA Loan in Georgia?

To be eligible for A USDA Rural Loan in Georgia, your monthly housing costs (mortgage principal and interest, property taxes, and insurance) must meet a specified percentage of your gross monthly income (29% ratio). Your credit background will be fairly considered. A 620 FICO credit score is required to obtain a USDA Rural Housing Loan approval through most lenders. You must also have enough income to pay your housing costs plus all additional monthly debt (41% ratio). These ratios can be exceeded somewhat with compensating factors. Applicants for loans may have an income of up to 115% of the median income for the area. Maximum USDA Guaranteed Loan income limits for your area can be found at here. Maximum USDA Direct Loan income limits for your area can be found at here. Families must be without adequate housing, but be able to afford the mortgage payments, including taxes and insurance.

How much can I can borrow?

The maximum amount for an USDA home loan is determined by:

Maximum Loan Amount: The is no set maximum loan amount allowed for USDA Rural Home Loans. Instead, your debt-to-income ratios will dictate how much home your can afford (29/41 ratios). Additionally, your total household monthly income must be within USDA allowed maximum income limits for your area. Maximum USDA Guaranteed Loan income limits for your area can be found at here.

Maximum financing: The maximum USDA Rural Development Loan amount is 102% of the appraised value of the home (100% plus the 2% USDA RD Loan guarantee fee).

How much money will I need for the down payment and closing costs?

USDA Rural Development Mortgage Loans require no down payment and they allow for the closing costs to be included in the loan amount (appraisal permitting).

What property types are allowed by USDA rural development?

While USDA Mortgage Guidelines do require that the property be Owner Occupied (OO), they do allow you to purchase condos, planned unit developments, manufactured homes, and single family residences.

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Additional lender offers.

Georgia USDA Loan Adjusted Maximum Income Limits by County
Updated 05/01/2012

 

County Name
1-4 Person Households
(Guaranteed Loans)
5-8 Person Households 
(Guaranteed Loans)
NON-METRO
APPLING
$73,600
$97,150
DOUGLAS, GA (MICRO)
ATKINSON
$73,600
$97,150
NON-METRO
BACON
$73,600
$97,150
ALBANY, GA (MSA)
BAKER
$73,600
$97,150
MILLEDGEVILLE, GA (MICRO)
BALDWIN
$73,600
$97,150
NON-METRO
BANKS
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
BARROW
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
BARTOW
$73,600
$97,150
FITZGERALD, GA (MICRO)
BEN HILL
$73,600
$97,150
NON-METRO
BERRIEN
$73,600
$97,150
MACON, GA (MSA)
BIBB
$73,600
$97,150
NON-METRO
BLECKLEY
$73,600
$97,150
BRUNSWICK, GA (MSA)
BRANTLEY
$73,600
$97,150
VALDOSTA, GA (MSA)
BROOKS
$73,600
$97,150
SAVANNAH, GA (MSA)
BRYAN
$73,600
$97,150
STATESBORO, GA (MICRO)
BULLOCH
$73,600
$97,150
AUGUSTA-RICHMOND COUNTY, GA-SC (MSA)
BURKE
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
BUTTS
$73,600
$97,150
NON-METRO
CALHOUN
$73,600
$97,150
ST. MARYS, GA (MICRO)
CAMDEN
$73,600
$97,150
NON-METRO
CANDLER
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
CARROLL
$73,600
$97,150
CHATTANOOGA, TN-GA (MSA)
CATOOSA
$73,600
$97,150
NON-METRO
CHARLTON
$73,600
$97,150
SAVANNAH, GA (MSA)
CHATHAM
$73,600
$97,150
COLUMBUS, GA-AL (MSA)
CHATTAHOOCHEE
$73,600
$97,150
SUMMERVILLE, GA (MICRO)
CHATTOOGA
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
CHEROKEE
$73,600
$97,150
ATHENS-CLARKE COUNTY, GA (MSA)
CLARKE
$73,600
$97,150
NON-METRO
CLAY
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
CLAYTON
$73,600
$97,150
NON-METRO
CLINCH
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
COBB
$73,600
$97,150
DOUGLAS, GA (MICRO)
COFFEE
$73,600
$97,150
MOULTRIE, GA (MICRO)
COLQUITT
$73,600
$97,150
AUGUSTA-RICHMOND COUNTY, GA-SC (MSA)
COLUMBIA
$73,600
$97,150
NON-METRO
COOK
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
COWETA
$73,600
$97,150
MACON, GA (MSA)
CRAWFORD
$73,600
$97,150
CORDELE, GA (MICRO)
CRISP
$73,600
$97,150
CHATTANOOGA, TN-GA (MSA)
DADE
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
DAWSON
$73,600
$97,150
BAINBRIDGE, GA (MICRO)
DECATUR
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
DEKALB
$73,600
$97,150
NON-METRO
DODGE
$73,600
$97,150
NON-METRO
DOOLY
$73,600
$97,150
ALBANY, GA (MSA)
DOUGHERTY
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
DOUGLAS
$73,600
$97,150
NON-METRO
EARLY
$73,600
$97,150
VALDOSTA, GA (MSA)
ECHOLS
$73,600
$97,150
SAVANNAH, GA (MSA)
EFFINGHAM
$73,600
$97,150
NON-METRO
ELBERT
$73,600
$97,150
NON-METRO
EMANUEL
$73,600
$97,150
NON-METRO
EVANS
$73,600
$97,150
NON-METRO
FANNIN
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
FAYETTE
$73,600
$97,150
ROME, GA (MSA)
FLOYD
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
FORSYTH
$73,600
$97,150
NON-METRO
FRANKLIN
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
FULTON
$73,600
$97,150
NON-METRO
GILMER
$73,600
$97,150
NON-METRO
GLASCOCK
$73,600
$97,150
BRUNSWICK, GA (MSA)
GLYNN
$73,600
$97,150
CALHOUN, GA (MICRO)
GORDON
$73,600
$97,150
NON-METRO
GRADY
$73,600
$97,150
NON-METRO
GREENE
560,000
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
GWINNETT
$73,600
$97,150
CORNELIA, GA (MICRO)
HABERSHAM
$73,600
$97,150
GAINESVILLE, GA (MSA)
HALL
$73,600
$97,150
MILLEDGEVILLE, GA (MICRO)
HANCOCK
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
HARALSON
$73,600
$97,150
COLUMBUS, GA-AL (MSA)
HARRIS
$73,600
$97,150
NON-METRO
HART
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
HEARD
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
HENRY
$73,600
$97,150
WARNER ROBINS, GA (MSA)
HOUSTON
$73,600
$97,150
FITZGERALD, GA (MICRO)
IRWIN
$73,600
$97,150
NON-METRO
JACKSON
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
JASPER
$73,600
$97,150
NON-METRO
JEFF DAVIS
$73,600
$97,150
NON-METRO
JEFFERSON
$73,600
$97,150
NON-METRO
JENKINS
$73,600
$97,150
DUBLIN, GA (MICRO)
JOHNSON
$73,600
$97,150
MACON, GA (MSA)
JONES
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
LAMAR
$73,600
$97,150
VALDOSTA, GA (MSA)
LANIER
$73,600
$97,150
DUBLIN, GA (MICRO)
LAURENS
$73,600
$97,150
ALBANY, GA (MSA)
LEE
$73,600
$97,150
HINESVILLE-FORT STEWART, GA (MSA)
LIBERTY
$73,600
$97,150
NON-METRO
LINCOLN
$73,600
$97,150
HINESVILLE-FORT STEWART, GA (MSA)
LONG
$73,600
$97,150
VALDOSTA, GA (MSA)
LOWNDES
$73,600
$97,150
NON-METRO
LUMPKIN
$73,600
$97,150
NON-METRO
MACON
$73,600
$97,150
ATHENS-CLARKE COUNTY, GA (MSA)
MADISON
$73,600
$97,150
COLUMBUS, GA-AL (MSA)
MARION
$73,600
$97,150
AUGUSTA-RICHMOND COUNTY, GA-SC (MSA)
MCDUFFIE
$73,600
$97,150
BRUNSWICK, GA (MSA)
MCINTOSH
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
MERIWETHER
$73,600
$97,150
NON-METRO
MILLER
$73,600
$97,150
NON-METRO
MITCHELL
$73,600
$97,150
MACON, GA (MSA)
MONROE
$73,600
$97,150
VIDALIA, GA (MICRO)
MONTGOMERY
$73,600
$97,150
NON-METRO
MORGAN
$73,600
$97,150
DALTON, GA (MSA)
MURRAY
$73,600
$97,150
COLUMBUS, GA-AL (MSA)
MUSCOGEE
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
NEWTON
$73,600
$97,150
ATHENS-CLARKE COUNTY, GA (MSA)
OCONEE
$73,600
$97,150
ATHENS-CLARKE COUNTY, GA (MSA)
OGLETHORPE
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
PAULDING
$73,600
$97,150
FORT VALLEY, GA (MICRO)
PEACH
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
PICKENS
$73,600
$97,150
WAYCROSS, GA (MICRO)
PIERCE
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
PIKE
$73,600
$97,150
CEDARTOWN, GA (MICRO)
POLK
$73,600
$97,150
NON-METRO
PULASKI
$73,600
$97,150
NON-METRO
PUTNAM
$73,600
$97,150
EUFAULA, AL-GA (MICRO)
QUITMAN
$73,600
$97,150
NON-METRO
RABUN
$73,600
$97,150
NON-METRO
RANDOLPH
$73,600
$97,150
AUGUSTA-RICHMOND COUNTY, GA-SC (MSA)
RICHMOND
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
ROCKDALE
$73,600
$97,150
AMERICUS, GA (MICRO)
SCHLEY
$73,600
$97,150
NON-METRO
SCREVEN
$73,600
$97,150
NON-METRO
SEMINOLE
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
SPALDING
$73,600
$97,150
TOCCOA, GA (MICRO)
STEPHENS
$73,600
$97,150
NON-METRO
STEWART
$73,600
$97,150
AMERICUS, GA (MICRO)
SUMTER
$73,600
$97,150
NON-METRO
TALBOT
$73,600
$97,150
NON-METRO
TALIAFERRO
$73,600
$97,150
NON-METRO
TATTNALL
$73,600
$97,150
NON-METRO
TAYLOR
$73,600
$97,150
NON-METRO
TELFAIR
$73,600
$97,150
ALBANY, GA (MSA)
TERRELL
$73,600
$97,150
THOMASVILLE, GA (MICRO)
THOMAS
$73,600
$97,150
TIFTON, GA (MICRO)
TIFT
$73,600
$97,150
VIDALIA, GA (MICRO)
TOOMBS
$73,600
$97,150
NON-METRO
TOWNS
$73,600
$97,150
NON-METRO
TREUTLEN
$73,600
$97,150
LAGRANGE, GA (MICRO)
TROUP
$73,600
$97,150
NON-METRO
TURNER
$73,600
$97,150
MACON, GA (MSA)
TWIGGS
$73,600
$97,150
NON-METRO
UNION
$73,600
$97,150
THOMASTON, GA (MICRO)
UPSON
$73,600
$97,150
CHATTANOOGA, TN-GA (MSA)
WALKER
$73,600
$97,150
ATLANTA-SANDY SPRINGS-MARIETTA, GA (MSA)
WALTON
$73,600
$97,150
WAYCROSS, GA (MICRO)
WARE
$73,600
$97,150
NON-METRO
WARREN
$73,600
$97,150
NON-METRO
WASHINGTON
$73,600
$97,150

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