USDA loans provide mortgage financing for borrowers in a designated rural area and that mean certain income limits. Rather than making sure you make ‘a lot’ of money, the USDA caters to borrowers that don’t exceed the limits they set. Compare Offers from Several Mortgage Lenders. The USDA program is only for those households considered ‘modest.’ In other words, they would not be able to afford a home with any other mortgage program. According to Homespire Mortgage, if a household’s income … [Read more...]