– Minimum credit score of 620; Maximum income limits of $145,000 (statewide). fha loans help first-time buyers purchase homes by offering.
–FHA Site Map–. FHA mortgage lending limits vary based on a variety of housing types and the state and county in which the property is located. FHA loans are designed for low to moderate income borrowers who are unable to make a large down payment.
But you should be aware there are some downsides with FHA loans: The amount you can borrow is capped – and if you're taking out an FHA.
FHA loan limits are determined by the county where the home is located, except for properties that are located in metropolitan or "micropolitan" statistical areas. In metro areas, the limits are set using "the county with the highest median home price within the metropolitan statistical area," according to HUD.
Eligibility – Welcome to the USDA Income and Property Eligibility Site. This site is used to evaluate the likelihood that a potential applicant would be eligible for program assistance. In order to be eligible for many USDA loans, household income must meet certain guidelines.