Kansas USDA Loans

What are Kansas USDA Rural Development Loans?
A Kansas United States Department of Agriculture Loan provides 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 Rural Development Loans does USDA offer in Kansas? 
Currently, there are two kinds of USDA Home Loans available in Kansas for single family households:

. USDA Guaranteed Rural Housing Loans
USDA Guaranteed Home Mortgage Loans are the most common type of USDA Loan in Kansas 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 Kansas?
To be eligible for A USDA Rural Loan in Kansas, 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.

What is the maximum amount that 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 for USDA Rural Loan Mortgages?
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.

Kansas 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
ALLEN
$73,600
$97,150
NON-METRO
ANDERSON
$73,600
$97,150
ATCHISON, KS (MICRO)
ATCHISON
$73,600
$97,150
NON-METRO
BARBER
$73,600
$97,150
GREAT BEND, KS (MICRO)
BARTON
$73,600
$97,150
NON-METRO
BOURBON
$73,600
$97,150
NON-METRO
BROWN
$73,600
$97,150
WICHITA, KS (MSA)
BUTLER
$73,600
$97,150
EMPORIA, KS (MICRO)
CHASE
$73,600
$97,150
NON-METRO
CHAUTAUQUA
$73,600
$97,150
NON-METRO
CHEROKEE
$73,600
$97,150
NON-METRO
CHEYENNE
$73,600
$97,150
NON-METRO
CLARK
$73,600
$97,150
NON-METRO
CLAY
$73,600
$97,150
NON-METRO
CLOUD
$73,600
$97,150
NON-METRO
COFFEY
$73,600
$97,150
NON-METRO
COMANCHE
$73,600
$97,150
WINFIELD, KS (MICRO)
COWLEY
$73,600
$97,150
PITTSBURG, KS (MICRO)
CRAWFORD
$73,600
$97,150
NON-METRO
DECATUR
$73,600
$97,150
NON-METRO
DICKINSON
$73,600
$97,150
ST. JOSEPH, MO-KS (MSA)
DONIPHAN
$73,600
$97,150
LAWRENCE, KS (MSA)
DOUGLAS
$73,600
$97,150
NON-METRO
EDWARDS
$73,600
$97,150
NON-METRO
ELK
$73,600
$97,150
HAYS, KS (MICRO)
ELLIS
$73,600
$97,150
NON-METRO
ELLSWORTH
$73,600
$97,150
GARDEN CITY, KS (MICRO)
FINNEY
$73,600
$97,150
DODGE CITY, KS (MICRO)
FORD
$73,600
$97,150
KANSAS CITY, MO-KS (MSA)
FRANKLIN
$73,600
$97,150
MANHATTAN, KS (MICRO)
GEARY
$73,600
$97,150
NON-METRO
GOVE
$73,600
$97,150
NON-METRO
GRAHAM
$73,600
$97,150
NON-METRO
GRANT
$73,600
$97,150
NON-METRO
GRAY
$73,600
$97,150
NON-METRO
GREELEY
$73,600
$97,150
NON-METRO
GREENWOOD
$73,600
$97,150
NON-METRO
HAMILTON
$73,600
$97,150
NON-METRO
HARPER
$73,600
$97,150
WICHITA, KS (MSA)
HARVEY
$73,600
$97,150
NON-METRO
HASKELL
$73,600
$97,150
NON-METRO
HODGEMAN
$73,600
$97,150
TOPEKA, KS (MSA)
JACKSON
$73,600
$97,150
TOPEKA, KS (MSA)
JEFFERSON
$73,600
$97,150
NON-METRO
JEWELL
$73,600
$97,150
KANSAS CITY, MO-KS (MSA)
JOHNSON
$73,600
$97,150
NON-METRO
KEARNY
$73,600
$97,150
NON-METRO
KINGMAN
$73,600
$97,150
NON-METRO
KIOWA
$73,600
$97,150
PARSONS, KS (MICRO)
LABETTE
$73,600
$97,150
NON-METRO
LANE
$73,600
$97,150
KANSAS CITY, MO-KS (MSA)
LEAVENWORTH
$73,600
$97,150
NON-METRO
LINCOLN
$73,600
$97,150
KANSAS CITY, MO-KS (MSA)
LINN
$73,600
$97,150
NON-METRO
LOGAN
$73,600
$97,150
EMPORIA, KS (MICRO)
LYON
$73,600
$97,150
NON-METRO
MARION
$73,600
$97,150
NON-METRO
MARSHALL
$73,600
$97,150
MCPHERSON, KS (MICRO)
MCPHERSON
$73,600
$97,150
NON-METRO
MEADE
$73,600
$97,150
KANSAS CITY, MO-KS (MSA)
MIAMI
$73,600
$97,150
NON-METRO
MITCHELL
$73,600
$97,150
COFFEYVILLE, KS (MICRO)
MONTGOMERY
$73,600
$97,150
NON-METRO
MORRIS
$73,600
$97,150
NON-METRO
MORTON
$73,600
$97,150
NON-METRO
NEMAHA
$73,600
$97,150
NON-METRO
NEOSHO
$73,600
$97,150
NON-METRO
NESS
$73,600
$97,150
NON-METRO
NORTON
$73,600
$97,150
TOPEKA, KS (MSA)
OSAGE
$73,600
$97,150
NON-METRO
OSBORNE
$73,600
$97,150
SALINA, KS (MICRO)
OTTAWA
$73,600
$97,150
NON-METRO
PAWNEE
$73,600
$97,150
NON-METRO
PHILLIPS
$73,600
$97,150
MANHATTAN, KS (MICRO)
POTTAWATOMIE
$73,600
$97,150
NON-METRO
PRATT
$73,600
$97,150
NON-METRO
RAWLINS
$73,600
$97,150
HUTCHINSON, KS (MICRO)
RENO
$73,600
$97,150
NON-METRO
REPUBLIC
$73,600
$97,150
NON-METRO
RICE
$73,600
$97,150
MANHATTAN, KS (MICRO)
RILEY
$73,600
$97,150
NON-METRO
ROOKS
$73,600
$97,150
NON-METRO
RUSH
$73,600
$97,150
NON-METRO
RUSSELL
$73,600
$97,150
SALINA, KS (MICRO)
SALINE
$73,600
$97,150
NON-METRO
SCOTT
$73,600
$97,150
WICHITA, KS (MSA)
SEDGWICK
$73,600
$97,150
LIBERAL, KS (MICRO)
SEWARD
$73,600
$97,150
TOPEKA, KS (MSA)
SHAWNEE
$73,600
$97,150
NON-METRO
SHERIDAN
$73,600
$97,150
NON-METRO
SHERMAN
$73,600
$97,150
NON-METRO
SMITH
$73,600
$97,150
NON-METRO
STAFFORD
$73,600
$97,150
NON-METRO
STANTON
$73,600
$97,150
NON-METRO
STEVENS
$73,600
$97,150
WICHITA, KS (MSA)
SUMNER
$73,600
$97,150
NON-METRO
THOMAS
$73,600
$97,150
NON-METRO
TREGO
$73,600
$97,150
TOPEKA, KS (MSA)
WABAUNSEE
$73,600
$97,150
NON-METRO
WALLACE
$73,600
$97,150
NON-METRO
WASHINGTON
$73,600
$97,150
NON-METRO
WICHITA
$73,600
$97,150
NON-METRO
WILSON
$73,600
$97,150
NON-METRO
WOODSON
$73,600
$97,150
KANSAS CITY, MO-KS (MSA)
WYANDOTTE
$73,600
$97,150

 

 USDA Loan information for Kansas’s top cities:

Kansas City Kansas USDA LoansLawrence Kansas USDA LoansOlathe Kansas USDA Loans
Overland Park Kansas USDA LoansTopeka Kansas USDA LoansWichita Kansas USDA Loans

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