For those that have not heard about the Ohio USDA Rural Home Loans, you may want to look at the program because it allows 100% Financing and there is no Monthly Mortgage Insurance.
If your household income is below those shown in this table and you are considering a home purchase outside of a major metropolitan area, you should check out the Ohio USDA Rural Home Loan Program.
In Ohio, visiting http://www.firsttimebuyers-mortgages.com for additional information. For out of state buyers or realtors, please use the USDA link at the bottom of this page.
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Rural Home Income Limits Cleveland MSA |
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| Cleveland MSA MOD.INC-GUAR.LOAN |
1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
| 50000 | 57150 | 64300 | 71450 | 77150 | 82900 | 88600 | 94300 | |
| Base Income Limit for Ohio |
49550 | 56600 | 63700 | 70750 | 76400 | 82050 | 87750 | 93400 |
| Some Counties have higher Limits. If you are above these limits you may wish to look here to see all limits. |
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Below is a map showing the eligible area for the Ohio Rural Home Loan Program. Below this initial map are one for some Northern Ohio Counties.
USDA - Rural Home Northern Ohio Area OHIOThis Map shows Eligible Areas in Northern Ohio |
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More information is also available at http://www.rurdev.usda.gov |
The program does have an upfront Guarantee fee of 2.00%
which is very similar to the upfront fee charged on VA Loans.
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