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All of: Beverly Boro Clayton Burlington City E. Greenwich Twp. Burlington Twp. Elk Twp.
Ohio USDA 'Zero Money Down' Home Loans City, StateCounty Name5-8 Person Households (Guaranteed Loans)ASHLAND, OHASHLAND$97,750ASHTABULA, OHASHTABULA$97,750ATHENS, OHATHENS$97,750WAPAKONETA, OHAUGLAIZE$97,75068 more rows
Eligibility Requirements \u2013 Ohio For a family of 1-4 in Ohio, the average household income limit for a USDA loan is about $126,650 a year, and for a family of 5 or more the limit can be as high as $167,200.
Ohio USDA 'Zero Money Down' Home Loans City, StateCounty Name5-8 Person Households (Guaranteed Loans)ASHLAND, OHASHLAND$97,750ASHTABULA, OHASHTABULA$97,750ATHENS, OHATHENS$97,750WAPAKONETA, OHAUGLAIZE$97,75068 more rows
A USDA home loan is a zero down payment mortgage for eligible rural homebuyers. USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture.
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The USDA mortgage does NOT have any prepayment or early payoff penalty. You can sell/pay off your loan whenever you like without restriction or fees. This is also the case with other Government-backed loans like FHA and VA.
To be eligible for a USDA home loan, your total household income cannot exceed the local USDA income limits. The current standard USDA loan income limit for 1-4 member households is $103,500, up from $91,900 in 2021. The 2022 limit for 5-8 member households is $136,600, up from $121,300.
Interest Rate USDA and FHA loans both typically offer lower interest rates because government backing offers more flexibility with lower rates. Both types of loans usually have interest rates comparable to or lower than the interest rate you'll pay for a conventional loan.
The main downside that stops people from taking out USDA loans is the geographic restrictions. As USDA loans are only designed for rural areas mostly, it means that anyone who wants to buy a home in a more urban location cannot qualify.
USDA Eligible Areas in Franklin County, Ohio Darbydale. Georgesville. Harrisburg. Pleasant Corners.

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