No Money Down OR – WA – CA

The Oregon USDA Rural Guaranteed Home Loan limits have been raised for 2009.  Now, home buyers with higher incomes can qualify for a USDA Rural Guaranteed Home Loan in Oregon.  This USDA home purchase program is one of the very few No Money Down Payment programs available. The USDA Rural Guaranteed Mortgage Loan has lower monthly payments than an Oregon FHA Mortgage Loan because it has no mortgage insurance. Be sure and check the chart to have the confidence that your income is within the Oregon USDA Rural Guaranteed Mortgage Income Limits for 2009. 

Lane County has a loan limit of $73,600 for a family of up to 4, as does the majority of the state. Only the Corvallis and Portland metro areas have a higher income limit. Take a look at the USDA Rural Guaranteed Home Loan qualifying section in the next post, because even if your income is higher than the stated limit, there are certain adjustments to income that may be able to help you qualify for an Oregon USDA Rural Guaranteed Home Loan.

Oregon USDA Rural Home Loan Income Limits for 2009:

* ADD 8% OF 1-4 PERSON LIMIT FOR EACH PERSON IN EXCESS OF 8 PERSONS – MSA stands for Metropolitan Service Area

** MODERATE INCOME IS DEFINED AS THE GREATER OF 115% OF THE U.S. MEDIAN FAMILY INCOME OR THE AVG OF THE STATE-WIDE AND STATE NON-METRO MEDIAN FAMILY INCOMES OR 115/80THS OF THE AREA LOW-INCOME LIMIT

Call me at 541-342-7576/541-221-3455 Cell or e-mail at eugeneloanguy@gmail.com for more information. Or fill out the contact form below.

4 Responses to “USDA OREGON Income Limits up for 2009”