Lake County Ohio USDA Mortgage

What areas of Lake County, Ohio are eligible for the Rural Development USDA Mortgage Program?

The USDA census maps have included an area of land along Lake Erie running from Wickliffe through Painesville as part of the Cleveland metropolitan area. This mainly encompasses the areas north of Interstate 90. This is the only area of Lake County that is not eligible for the USDA Rural Development Loan program. Outside of this area, the rest of Lake County, Ohio is geographically eligible for the No Down Payment USDA Mortgage Program.

Some of the larger towns of Lake County, Ohio that are eligible for the Rural Development USDA Mortgage Program include Madison, Perry, and Kirtland.

USDA Eligible Areas in Lake County, Ohio

 

Eligible Cities & Towns

  • Concord Township

  • Genung Corners

  • Kirtland

  • Lane

  • Leroy Township

  • Madison

  • Madison Township

  • North Madison

  • North Perry

  • Unionville

  • Painesvile-on-the-Lake (parts)

  • Pecks Corner

  • Perry

  • Perry Township

  • Waite Hill

  • Willoughby Hills (parts)

  • all other rural areas

 

Note: This list is an indicator of USDA Eligible Areas for Lake County, Ohio but does not necessarily include every possible eligible area. If you live in a rural area of Lake County, Ohio then you are located in a USDA eligible area for a Rural Development - No Down Payment - USDA mortgage.

Lake County, Ohio USDA Household Income Limits 

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If it appears your household income is too high, you may still qualify. The Ohio USDA Program allows for several deductions of expenses which may help your Household Income to fit within their Maximum Adjusted Income Guidelines.   

Deductions that lower your calculated USDA Household Income

 

  • $480 for every minor child residing in the household

  • $480 for every student living in the home who is not on the mortgage application

  • $400 for every disabled member of the household who is listed on the mortgage application

  • Documented Child Care Expenses for household members ages 12 and under

  • Documented Disability and Medical Expenses for members of the household aged 62 or older. This deduction is allowed only if this expense is more than 3% of the household income)