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

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 4.75% (5.042% 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
Resource Center
Zero Down USDA Renovation and Repair Loan

Zero Down USDA Renovation and Repair Loan

Borrowers can now combine the benefits of the FHA 203k Renovation Loan with the cost savings of a USDA Loan using the new USDA Renovation Loan. USDA eligible borrowers can obtain one loan, to purchase a house and include a repair escrow budget to finance renovation and rehab projects (including major structural repairs), after the loan closes.

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
495 Moves You In

USDA INTEREST RATE

USDA HOME LOAN PAYMENT

USDA Announces Increased Income Limits

Date: June 8, 2022
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 June 8, 2022. 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$103,500$136,600
Albemarle$120,550$159,150
Alexandria$129,400$170,800
Alleghany$103,500$136,600
Amelia$115,800$152,850
Amherst$103,500$136,600
Appomattox$103,500$136,600
Arlington$129,400$170,800
Augusta$103,500$136,600
Bath$103,500$136,600
Bedford$103,500$136,600
Bedford Ind$103,500$136,600
Bland$103,500$136,600
Botetourt$103,500$136,600
Bristol$103,500$136,600
Brunswick$103,500$136,600
Buchanan$103,500$136,600
Buckingham$103,500$136,600
Buena Vista$103,500$136,600
Campbell$103,500$136,600
Caroline$103,500$136,600
Carroll$103,500$136,600
Charles City$115,800$152,850
Charlotte$103,500$136,600
Charlottesville$120,550$159,150
Chesapeake$107,550$141,950
Chesterfield$115,800$152,850
Clarke$129,400$170,800
Clifton Forge$78,200$103,200
Colonial Height$115,800$152,850
Covington$103,500$136,600
Craig$103,500$136,600
Culpeper$114,800$151,550
Cumberland$103,500$136,600
Danville$103,500$136,600
Dickenson$103,500$136,600
Dinwiddie$115,800$152,850
Emporia$103,500$136,600
Essex$103,500$136,600
Fairfax$129,400$170,800
Fairfax Ind$108,550$143,300
Falls Church$129,400$170,800
Fauquier$129,400$170,800
Floyd$103,500$136,600
Fluvanna$120,550$159,150
Franklin$103,500$136,600
Franklin Ind$78,200$103,200
Frederick$104,650$138,150
Fredericksburg$129,400$170,800
Galax$103,500$136,600
Giles$103,500$136,600
Gloucester$107,550$141,950
Goochland$115,800$152,850
Grayson$103,500$136,600
Greene$120,550$159,150
Greensville$103,500$136,600
Halifax$103,500$136,600
Hampton$107,550$141,950
Hanover$115,800$152,850
Harrisonburg$103,500$136,600
Henrico$115,800$152,850
Henry$103,500$136,600
Highland$103,500$136,600
Hopewell$115,800$152,850
Isle Of Wight$107,550$141,950
James City$107,550$141,950
King And Queen$103,500$136,600
King George$128,800$170,000
King William$115,800$152,850
Lancaster$103,500$136,600
Lee$103,500$136,600
Lexington$103,500$136,600
Loudoun$129,400$170,800
Louisa$103,500$136,600
Lunenburg$103,500$136,600
Lynchburg$103,500$136,600
Madison$103,500$136,600
Manassas$129,400$170,800
Manassas Park$129,400$170,800
Martinsville$103,500$136,600
Mathews$107,550$141,950
Mecklenburg$103,500$136,600
Middlesex$103,500$136,600
Montgomery$103,500$136,600
Nelson$120,550$159,150
New Kent$115,800$152,850
Newport News$107,550$141,950
Norfolk$107,550$141,950
Northampton$103,500$136,600
Northumberland$103,500$136,600
Norton$103,500$136,600
Nottoway$103,500$136,600
Orange$105,350$139,050
Page$103,500$136,600
Patrick$103,500$136,600
Petersburg$115,800$152,850
Pittsylvania$103,500$136,600
Poquoson$107,550$141,950
Portsmouth$107,550$141,950
Powhatan$115,800$152,850
Prince Edward$103,500$136,600
Prince George$115,800$152,850
Prince William$129,400$170,800
Pulaski$103,500$136,600
Radford$103,500$136,600
Rappahannock$113,050$149,250
Richmond$103,500$136,600
Richmond Ind$89,000$117,500
Roanoke$103,500$136,600
Roanoke Ind$78,200$103,200
Rockbridge$103,500$136,600
Rockingham$103,500$136,600
Russell$103,500$136,600
Salem$103,500$136,600
Scott$103,500$136,600
Shenandoah$103,500$136,600
Smyth$103,500$136,600
Southampton$103,500$136,600
Spotsylvania$129,400$170,800
Stafford$129,400$170,800
Staunton$103,500$136,600
Suffolk$107,550$141,950
Surry$103,500$136,600
Sussex$115,800$152,850
Tazewell$103,500$136,600
Virginia Beach$107,550$141,950
Warren$107,150$141,450
Washington$103,500$136,600
Waynesboro$103,500$136,600
Westmoreland$103,500$136,600
Williamsburg$107,550$141,950
Winchester$104,650$138,150
Wise$103,500$136,600
Wythe$103,500$136,600
York$107,550$141,950

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.