USDA LOAN BENEFITS IN IOWA
USDA Home Loans offer flexible credit requirements along with NO MONEY DOWN. The interest rates are competitive and you can close your loan in roughly 45 days. The USDA Home loan is a great loan for those individuals with limited and average or below average credit profiles. A credit score of 620 is required to qualify for a USDA Loan, and a credit score of 640 drastically increases your chances. If you are close to either of these credit scores, contact one of our USDA Loan agents today to see how we can help you improve your credit score.
USDA LOAN ELIGIBILITY IN IOWA
USDA Loans are generally available in rural and suburban communities of less than 35,000 people. So cities such as Des Moines, Waterloo, and Cedar Falls would not be eligible for a USDA Loan but many of their suburbs do qualify! To know for sure what areas do qualify for a USDA Loan contact one of our agents today.
To qualify for a USDA Loan, USDA Loan Underwriters will want to make sure that you meet income guidelines. USDA Loan income guidelines are based off of your household size and the county of your residence. Below is a list of income limits by county in Iowa.
Income Limits for USDA Loans in Iowa
| County Name | Family Size 1 -4 | Family Size 5 – 8 |
|---|---|---|
| Adair | $78,200 | $103,200 |
| Adams | $78,200 | $103,200 |
| Allamakee | $78,200 | $103,200 |
| Appanoose | $78,200 | $103,200 |
| Audubon | $78,200 | $103,200 |
| Benton | $86,600 | $114,300 |
| Black Hawk | $78,200 | $103,200 |
| Boone | $82,950 | $109,500 |
| Bremer | $90,500 | $119,450 |
| Buchanan | $83,150 | $109,750 |
| Buena Vista | $78,200 | $103,200 |
| Butler | $78,200 | $103,200 |
| Calhoun | $78,200 | $103,200 |
| Carroll | $78,800 | $104,000 |
| Cass | $78,200 | $103,200 |
| Cedar | $81,800 | $108,000 |
| Cerro Gordo | $78,200 | $103,200 |
| Cherokee | $78,200 | $103,200 |
| Chickasaw | $78,200 | $103,200 |
| Clarke | $78,200 | $103,200 |
| Clay | $78,200 | $103,200 |
| Clayton | $78,200 | $103,200 |
| Clinton | $78,200 | $103,200 |
| Crawford | $78,200 | $103,200 |
| Dallas | $94,500 | $124,750 |
| Davis | $78,200 | $103,200 |
| Decatur | $78,200 | $103,200 |
| Delaware | $80,350 | $106,050 |
| Des Moines | $78,200 | $103,200 |
| Dickinson | $81,100 | $107,050 |
| Dubuque | $79,800 | $105,350 |
| Emmet | $78,200 | $103,200 |
| Fayette | $78,200 | $103,200 |
| Floyd | $78,200 | $103,200 |
| Franklin | $78,200 | $103,200 |
| Fremont | $78,200 | $103,200 |
| Greene | $78,200 | $103,200 |
| Grundy | $78,200 | $103,200 |
| Guthrie | $94,500 | $124,750 |
| Hamilton | $78,200 | $103,200 |
| Hancock | $78,200 | $103,200 |
| Hardin | $80,500 | $106,250 |
| Harrison | $86,250 | $113,850 |
| Henry | $78,200 | $103,200 |
| Howard | $78,200 | $103,200 |
| Humboldt | $75,650 | $103,200 |
| Ida | $78,200 | $103,200 |
| Iowa | $86,700 | $114,450 |
| Jackson | $78,200 | $103,200 |
| Jasper | $78,200 | $103,200 |
| Jefferson | $78,200 | $103,200 |
| Johnson | $97,750 | $129,050 |
| Jones | $78,200 | $102,150 |
| Keokuk | $78,200 | $103,200 |
| Kossuth | $78,200 | $103,200 |
| Lee | $78,200 | $103,200 |
| Linn | $91,850 | $121,250 |
| Louisa | $78,200 | $103,200 |
| Lucas | $78,200 | $103,200 |
| Lyon | $78,200 | $103,200 |
| Madison | $94,500 | $124,750 |
| Mahaska | $78,200 | $103,200 |
| Marion | $84,150 | $111,100 |
| Marshall | $78,200 | $103,200 |
| Mills | $86,250 | $113,850 |
| Mitchell | $79,000 | $104,300 |
| Monona | $78,200 | $103,200 |
| Monroe | $78,200 | $103,200 |
| Montgomery | $78,200 | $103,200 |
| Muscatine | $78,200 | $103,200 |
| O’Brien | $78,200 | $103,200 |
| Osceola | $78,200 | $103,200 |
| Page | $78,200 | $103,200 |
| Palo Alto | $78,200 | $103,200 |
| Plymouth | $87,600 | $115,650 |
| Pocahontas | $78,200 | $103,200 |
| Polk | $94,500 | $124,750 |
| Pottawattamie | $86,250 | $113,850 |
| Poweshiek | $82,000 | $108,250 |
| Ringgold | $78,200 | $103,200 |
| Sac | $78,200 | $103,200 |
| Scott | $79,150 | $104,500 |
| Shelby | $78,200 | $103,200 |
| Sioux | $81,300 | $107,300 |
| Story | $92,000 | $121,450 |
| Tama | $78,200 | $103,200 |
| Taylor | $78,200 | $103,200 |
| Union | $78,200 | $103,200 |
| Van Buren | $78,200 | $103,200 |
| Wapello | $78,200 | $103,200 |
| Warren | $94,500 | $124,750 |
| Washington | $82,350 | $108,700 |
| Wayne | $78,200 | $103,200 |
| Webster | $78,200 | $103,200 |
| Winnebago | $78,200 | $103,200 |
| Winneshiek | $79,150 | $104,500 |
| Woodbury | $78,200 | $103,200 |
| Worth | $78,200 | $103,200 |
| Wright | $78,200 | $103,200 |
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