If you are thinking about a home in the Empire State, you may be able to take advantage of the rural development home loan program. With the backing of the United States Department of Agriculture (USDA) behind them, these home loans are designed to make home buying easier, while simultaneously strengthening some of the state’s smaller areas.

Advantages of the New York USDA Home Loan Program include:

  • No Maximum Loan Amount on New York Property
  • Flexible Credit Guidelines for Qualifying New York Residents
  • Low Fixed Interest Rates
  • Both New and Existing Properties May Qualify

New York Areas that Qualify for a USDA Loan

While property in one of New York’s major cities will probably not qualify for a rural development loan, there are plenty of areas all over the state that do.

To be eligible, the property must be located outside of the city limits and have a population of less than 20,000 people. This means that while a home in the city is not USDA loan eligible, homes located right outside of the city might be. To find out, the experts at Consumer Real Estate Finance Co. are here to act as your guide. Please fill out the application on this page, or call one of our certified USDA loan agents at 1-866-854-4242.

New York USDA Loan Income Limits by County

When applying for a USDA or Rural Development Loan, New York residents must meet a few requirements. One of these is maximum income limits. If the property is located within an eligible area, your annual income cannot exceed the current income limit set for that county.

STATE:NEW YORK PROGRAM 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Albany-Schenectady-TroyNY MSA VERY LOW INCOME 27450 31350 35250 39150 42300 45450 48550 51700
LOW INCOME 43850 50100 56400 62650 67650 72650 77700 82700
MOD.INC-GUAR.LOAN 90050 90050 90050 90050 118850 118850 118850 118850
Binghamton NY MSA VERY LOW INCOME 21650 24750 27850 30900 33400 35850 38350 40800
LOW INCOME 34600 39550 44500 49450 53400 57350 61300 65250
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Buffalo-Niagara FallsNY MSA VERY LOW INCOME 23150 26450 29750 33050 35700 38350 41000 43650
LOW INCOME 37050 42300 47600 52900 57150 61350 65600 69850
MOD.INC-GUAR.LOAN 76050 76050 76050 76050 100400 100400 100400 100400
Elmira NY MSA VERY LOW INCOME 21550 24600 27700 30750 33250 35700 38150 40600
LOW INCOME 34450 39350 44300 49200 53150 57050 61000 64950
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Glens Falls NY MSA VERY LOW INCOME 22800 26050 29300 32550 35200 37800 40400 43000
LOW INCOME 36450 41700 46900 52100 56250 60450 64600 68750
MOD.INC-GUAR.LOAN 74900 74900 74900 74900 98850 98850 98850 98850
Ithaca NY MSA VERY LOW INCOME 27600 31550 35500 39400 42600 45750 48900 52050
LOW INCOME 44150 50450 56750 63050 68100 73150 78200 83250
MOD.INC-GUAR.LOAN 90650 90650 90650 90650 119650 119650 119650 119650
Kingston NY MSA VERY LOW INCOME 25900 29600 33300 36950 39950 42900 45850 48800
LOW INCOME 41350 47300 53200 59100 63850 68550 73300 78000
MOD.INC-GUAR.LOAN 84950 84950 84950 84950 112150 112150 112150 112150
New York NY HUD Metro FMR Area VERY LOW INCOME 30100 34400 38700 42950 46400 49850 53300 56700
LOW INCOME 48100 54950 61850 68700 74200 79700 85200 90700
MOD.INC-GUAR.LOAN 98750 98750 98750 98750 130350 130350 130350 130350
Rockland County NY HUD Metro FMR Area VERY LOW INCOME 36900 42200 47450 52700 56950 61150 65350 69600
LOW INCOME 48100 54950 61850 68700 74200 79700 85200 90700
MOD.INC-GUAR.LOAN 98750 98750 98750 98750 130350 130350 130350 130350
Westchester County NY Statutory Exception VERY LOW INCOME 37800 43200 48600 53950 58300 62600 66900 71250
LOW INCOME 52900 60500 68050 75600 81650 87700 93750 99800
MOD.INC-GUAR.LOAN 108700 108700 108700 108700 143500 143500 143500 143500
Poughkeepsie-Newburgh-Middletown NY MSA VERY LOW INCOME 30550 34900 39250 43600 47100 50600 54100 57600
LOW INCOME 45500 52000 58500 65000 70200 75400 80600 85800
MOD.INC-GUAR.LOAN 93450 93450 93450 93450 123350 123350 123350 123350
Rochester NY MSA VERY LOW INCOME 24050 27500 30950 34350 37100 39850 42600 45350
LOW INCOME 38450 43950 49450 54950 59350 63750 68150 72550
MOD.INC-GUAR.LOAN 79000 79000 79000 79000 104300 104300 104300 104300
Syracuse NY MSA VERY LOW INCOME 23700 27100 30500 33850 36600 39300 42000 44700
LOW INCOME 37900 43300 48750 54150 58500 62800 67150 71500
MOD.INC-GUAR.LOAN 77850 77850 77850 77850 102750 102750 102750 102750
Utica-Rome NY MSA VERY LOW INCOME 21600 24700 27800 30850 33350 35800 38300 40750
LOW INCOME 34550 39500 44400 49350 53300 57250 61200 65150
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Allegany County NY VERY LOW INCOME 20200 23100 26000 28850 31200 33500 35800 38100
LOW INCOME 32300 36900 41550 46150 49850 53550 57250 60900
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Cattaraugus CountyNY VERY LOW INCOME 20200 23100 26000 28850 31200 33500 35800 38100
LOW INCOME 32300 36900 41550 46150 49850 53550 57250 60900
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Cayuga County NY VERY LOW INCOME 21900 25000 28150 31250 33750 36250 38750 41250
LOW INCOME 35000 40000 45000 50000 54000 58000 62000 66000
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Chautauqua County NY VERY LOW INCOME 20200 23100 26000 28850 31200 33500 35800 38100
LOW INCOME 32300 36900 41550 46150 49850 53550 57250 60900
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Chenango County NY VERY LOW INCOME 20200 23100 26000 28850 31200 33500 35800 38100
LOW INCOME 32300 36900 41550 46150 49850 53550 57250 60900
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Clinton County NY VERY LOW INCOME 23100 26400 29700 33000 35650 38300 40950 43600
LOW INCOME 36950 42250 47500 52800 57000 61250 65450 69700
MOD.INC-GUAR.LOAN 75900 75900 75900 75900 100200 100200 100200 100200
Columbia County NY VERY LOW INCOME 25900 29600 33300 37000 40000 42950 45900 48850
LOW INCOME 41450 47350 53300 59200 63950 68650 73400 78150
MOD.INC-GUAR.LOAN 85100 85100 85100 85100 112350 112350 112350 112350
Cortland County NY VERY LOW INCOME 21500 24600 27650 30700 33200 35650 38100 40550
LOW INCOME 34350 39300 44200 49100 53050 56950 60900 64800
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Delaware County NY VERY LOW INCOME 20200 23100 26000 28850 31200 33500 35800 38100
LOW INCOME 32300 36900 41550 46150 49850 53550 57250 60900
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Essex County NY VERY LOW INCOME 21050 24050 27050 30050 32500 34900 37300 39700
LOW INCOME 33650 38500 43300 48100 51950 55800 59650 63500
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Franklin County NY VERY LOW INCOME 20200 23100 26000 28850 31200 33500 35800 38100
LOW INCOME 32300 36900 41550 46150 49850 53550 57250 60900
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Fulton County NY VERY LOW INCOME 20200 23100 26000 28850 31200 33500 35800 38100
LOW INCOME 32300 36900 41550 46150 49850 53550 57250 60900
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Genesee County NY VERY LOW INCOME 22900 26150 29400 32650 35300 37900 40500 43100
LOW INCOME 36600 41800 47050 52250 56450 60600 64800 68950
MOD.INC-GUAR.LOAN 75100 75100 75100 75100 99150 99150 99150 99150
Greene County NY VERY LOW INCOME 20650 23600 26550 29500 31900 34250 36600 38950
LOW INCOME 33050 37750 42500 47200 51000 54750 58550 62300
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Hamilton County NY VERY LOW INCOME 22450 25650 28850 32050 34650 37200 39750 42350
LOW INCOME 35900 41050 46150 51300 55400 59500 63600 67700
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Jefferson County NY VERY LOW INCOME 20900 23900 26900 29850 32250 34650 37050 39450
LOW INCOME 33450 38200 43000 47750 51550 55400 59200 63050
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Lewis County NY VERY LOW INCOME 20200 23100 26000 28850 31200 33500 35800 38100
LOW INCOME 32300 36900 41550 46150 49850 53550 57250 60900
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Montgomery County NY VERY LOW INCOME 22200 25400 28550 31750 34250 36800 39350 41900
LOW INCOME 35550 40650 45700 50800 54850 58950 63000 67050
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Otsego County NY VERY LOW INCOME 21250 24250 27300 30300 32750 35150 37600 40000
LOW INCOME 33950 38800 43650 48500 52400 56250 60150 64000
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Schuyler County NY VERY LOW INCOME 20200 23100 26000 28850 31200 33500 35800 38100
LOW INCOME 32300 36900 41550 46150 49850 53550 57250 60900
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Seneca County NY VERY LOW INCOME 20200 23100 26000 28850 31200 33500 35800 38100
LOW INCOME 32300 36900 41550 46150 49850 53550 57250 60900
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
St. Lawrence CountyNY VERY LOW INCOME 20200 23100 26000 28850 31200 33500 35800 38100
LOW INCOME 32300 36900 41550 46150 49850 53550 57250 60900
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Steuben County NY VERY LOW INCOME 20700 23650 26600 29550 31950 34300 36650 39050
LOW INCOME 33100 37850 42550 47300 51100 54850 58650 62450
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Sullivan County NY VERY LOW INCOME 22050 25200 28350 31500 34050 36550 39100 41600
LOW INCOME 35300 40300 45350 50400 54450 58450 62500 66550
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Wyoming County NY VERY LOW INCOME 21950 25050 28200 31300 33850 36350 38850 41350
LOW INCOME 35050 40100 45100 50100 54100 58100 62100 66150
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650
Yates County NY VERY LOW INCOME 21350 24400 27450 30450 32900 35350 37800 40200
LOW INCOME 34100 38950 43850 48700 52600 56500 60400 64300
MOD.INC-GUAR.LOAN 74750 74750 74750 74750 98650 98650 98650 98650

Do you want more information? Learn more about Rural Development Loans in New York by contacting Consumer Real Estate Finance Co. today!