Get Qualified For The USDA Rural Loan

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USDA Home Loans in Virginia

USDA Home Loans in Virginia are creating homeownership opportunities throughout Virginia with No Money down Financing in rural communities and areas just outside of major metro areas.

The USDA Rural Development Loan Program offers first time homebuyers and move-up buyers:
  • 100% Financed Mortgage, No Money Down, $0 Down Payment
  • USDA Loans monthly mortgage insurance premiums are 59% lower than a comparable FHA Loan
  • Flexible Credit Requirements
  • Safe, Secure 30 Year Fixed Rate Mortgage
  • No Maximum Loan Amount
  • With Seller Help, No Out-Of-Pocket Closing Costs
  • Most Property Types Allowed

USDA No Money Down Construction Loan Financing

USDA No Money Down Construction Loan Financing – Now Available!

The USDA Loan program can now be used to finance a construction project, including purchasing land (if necessary), with no money down. The benefits of the USDA One-Time Close Loan include:

  • No down payment requirements Vs. an average 20% down payment on a typical Construction-To-Perm Loan
  • Lower cost by only having to close on the loan once
  • Reduced interest rate risk by closing just one time on the loan
  • No payment required during construction
  • No requalification prior to moving into the house

Resource Center
If you have an existing USDA Loan you will receive the following benefits of a USDA to USDA Refinance Loan:
  • No appraisal report required and streamline approval process
  • Property valuation not considered, refinance even if the house is worth less than the current mortgage
  • Obtain an interest rate as low as 3.25% (3.589% APR)
  • Skip up to two mortgage payments
  • Roll in all closing costs and fees into the new loan
  • Receive back from your current Loan Servicer a refund of the money held in your escrow account
  • Refinance with our No Closing Cost option
495 Moves You In

USDA INTEREST RATE

USDA HOME LOAN PAYMENT

USDA Announces Increased Income Limits

Date: July 1, 2019
Source Document
Questions or Comments Regarding This Information?

The income limits for the USDA Guaranteed Rural Housing Program have increased for almost all Virginia Counties effective July 1, 2019. Income limits are based on the income for all adult (18 and over) household members, regardless of whether they will be a borrower on the loan. Maximum County income limits are based on a household size of 1 – 4 or 5 or more people residing in the household. USDA does allow for situations where the household income can exceed the maximum County income, based on certain parameters. Reference VirginiaUSDA Income Calculator for an instant income evaluation on whether your income meets or exceeds USDA's maximum County limits.

Virginia's USDA Guaranteed Loan Income Limits by County are as follows:

Household Size
County1-45+
Accomack$86,850$114,650
Albemarle$102,800$135,700
Alexandria$111,550$147,250
Alleghany$86,850$114,650
Amelia$99,350$131,150
Amherst$86,850$114,650
Appomattox$86,850$114,650
Arlington$111,550$147,250
Augusta$86,850$114,650
Bath$86,850$114,650
Bedford$86,850$114,650
Bedford Ind$86,850$114,650
Bland$86,850$114,650
Botetourt$86,850$114,650
Bristol$86,850$114,650
Brunswick$86,850$114,650
Buchanan$86,850$114,650
Buckingham$86,850$114,650
Buena Vista$86,850$114,650
Campbell$86,850$114,650
Caroline$99,350$131,150
Carroll$86,850$114,650
Charles City$99,350$131,150
Charlotte$86,850$114,650
Charlottesville$102,800$135,700
Chesapeake$91,200$120,400
Chesterfield$99,350$131,150
Clarke$111,550$147,250
Clifton Forge$78,200$103,200
Colonial Height$99,350$131,150
Covington$86,850$114,650
Craig$86,850$114,650
Culpeper$94,500$124,750
Cumberland$86,950$114,750
Danville$86,850$114,650
Dickenson$86,850$114,650
Dinwiddie$99,350$131,150
Emporia$86,850$114,650
Essex$86,850$114,650
Fairfax$111,550$147,250
Fairfax Ind$108,550$143,300
Falls Church$111,550$147,250
Fauquier$111,550$147,250
Floyd$86,850$114,650
Fluvanna$102,800$135,700
Franklin$86,850$114,650
Franklin Ind$78,200$103,200
Frederick$86,850$114,650
Fredericksburg$111,550$147,250
Galax$86,850$114,650
Giles$86,850$114,650
Gloucester$91,200$120,400
Goochland$99,350$131,150
Grayson$86,850$114,650
Greene$102,800$135,700
Greensville$86,850$114,650
Halifax$86,850$114,650
Hampton$91,200$120,400
Hanover$99,350$131,150
Harrisonburg$86,850$114,650
Henrico$99,350$131,150
Henry$86,850$114,650
Highland$86,850$114,650
Hopewell$99,350$131,150
Isle Of Wight$91,200$120,400
James City$91,200$120,400
King And Queen$86,950$114,750
King George$108,550$143,300
King William$99,350$131,150
Lancaster$86,850$114,650
Lee$86,850$114,650
Lexington$86,850$114,650
Loudoun$111,550$147,250
Louisa$86,850$114,650
Lunenburg$86,850$114,650
Lynchburg$86,850$114,650
Madison$86,850$114,650
Manassas$111,550$147,250
Manassas Park$111,550$147,250
Martinsville$86,850$114,650
Mathews$91,200$120,400
Mecklenburg$86,850$114,650
Middlesex$86,850$114,650
Montgomery$88,200$116,400
Nelson$102,800$135,700
New Kent$99,350$131,150
Newport News$91,200$120,400
Norfolk$91,200$120,400
Northampton$86,850$114,650
Northumberland$86,850$114,650
Norton$86,850$114,650
Nottoway$86,850$114,650
Orange$92,200$121,700
Page$86,850$114,650
Patrick$86,850$114,650
Petersburg$99,350$131,150
Pittsylvania$86,850$114,650
Poquoson$91,200$120,400
Portsmouth$91,200$120,400
Powhatan$99,350$131,150
Prince Edward$86,850$114,650
Prince George$99,350$131,150
Prince William$111,550$147,250
Pulaski$86,850$114,650
Radford$88,200$116,400
Rappahannock$94,150$124,300
Richmond$86,850$114,650
Richmond Ind$89,000$117,500
Roanoke$86,850$114,650
Roanoke Ind$78,200$103,200
Rockbridge$86,850$114,650
Rockingham$86,850$114,650
Russell$86,850$114,650
Salem$86,850$114,650
Scott$86,850$114,650
Shenandoah$86,850$114,650
Smyth$86,850$114,650
Southampton$86,850$114,650
Spotsylvania$111,550$147,250
Stafford$111,550$147,250
Staunton$86,850$114,650
Suffolk$91,200$120,400
Surry$86,850$114,650
Sussex$99,350$131,150
Tazewell$86,850$114,650
Virginia Beach$91,200$120,400
Warren$88,400$116,700
Washington$86,850$114,650
Waynesboro$86,850$114,650
Westmoreland$86,850$114,650
Williamsburg$91,200$120,400
Winchester$86,850$114,650
Wise$86,850$114,650
Wythe$86,850$114,650
York$91,200$120,400

Remember that USDA does allow for the total household income to be higher than these income limits provided that certain adjustments or reduction to income can be made including:

  • Documentable childcare expenses for children age 12 and under
  • $480 per child for anyone under 18
  • $480 for any student other then one of the applicants
  • $400 for each disabled or handicapped individual who is not one of the applicants
  • Medical expenses for any elderly family member
These adjustments can be used to lower the gross household income to an amount that is less than the above mentioned maximum gross income. If you are considering financing an upcoming home purchase using a USDA loan and need assistance in calculating your adjusted gross income using USDA Rural Development Loan Income Guidelines complete the contact form or call (866) 747-2882 to speak to your local Virginia loan professional.