Ohio USDA Mortgage Income Guidelines

USDA Income Requirements are determined by County

To qualify for the USDA Guaranteed Mortgage Program you need enough income to qualify and show that you can afford the payment. This is pretty obvious as this same basic guideline applies to any type of loan. In addition, however, the USDA says that if you make too much money you can not use their No Down Payment Program. The USDA has imposed maximum household income limits in each of Ohio’s 88 counties. There is some variation in the maximum income requirements depending on the County as the USDA maximum income calculation is based on County census data. To go directly to your County to explore your options, visit the USDA Eligible Counties section in the navigation menu at the top of each page.

Maximum USDA Income Depends on size of your Household

The size of your household determines the maximum household income with the USDA Mortgage Program. This maximum household income depends on how many people will be living in the home. The USDA has set an initial income level for households with 1 to 4 members and then an additional higher household income for households with 5 or more members. It is important to note that the income of every household member is used to determine if an application meets the maximum income requirements, even if not every member of the household will actually be on the USDA Mortgage. Anyone who lives in the home will have their income count towards this maximum household income, even if they will not be on the mortgage application. A grandmother who receives Social Security or a teen child who has a part job will have there income count towards this maximum income. Any income that appears on a W2, 1099, or tax return reported to the IRS will go into this household income calculation.

Ohio USDA Mortgage Maximum Annual Household Income

This is the standard maximum household income for Ohio Counties. These figures can vary by county. When calculating maximum household incomes, the USDA uses Census Data, so these figures can vary based on cost of living in each county. Ohio counties with higher costs of living such as Hamilton County, Putnam County, Summit County, and Union County have higher maximum household incomes. Check your individual county by visiting the Eligible Counties tab at the top of this page.

Even if your income exceeds the figures here, you may still qualify. The USDA allows for several deductions which may allow your Household Income to fit within their Maximum Adjusted Income Guidelines.

Deductions to reduce your USDA Household Income Calculation

• $480 from the annual total for each minor child living in the household

• $480 from the annual total for each student living in the household who is not on the mortgage application

• $400 from the annual total for each disabled household member who is not on the mortgage application

• Documented Child Care Expenses for household members under the age of 13

• Documented Medical/Disability Expenses for household members age 62 or older (this deduction is allowable if the expense exceeds 3% of the household income)

Ohio USDA Income Requirements

Things to remember