Here at Consumer Real Estate Finance Co., we understand that phrases like “no money down,” and “low interest loans” can cause hesitation among home buyers – especially in light of the nation’s current real estate struggles. For this reason, it has become our mission to help make the public aware of the USDA loan program. With the backing of the United States Department of Agriculture, these “no money down” loans are helping bring a little peace of mind to the home buying process.

Because they are backed by the federal government, the many benefits of the USDA Loan Program include:

  • 100% Financing up to the appraised value
  • NO private mortgage insurance for qualifying Massachusetts homes
  • Flexible Massachusetts credit qualifications
  • No Massachusetts loan amount limitations

Massachusetts Areas that Qualify for Rural Development Loans

It is important to note that the USDA Loans program (also referred to as the Rural Development Loan Program) was created to help build the nation’s rural areas. Because of this, homes located within major cities are not USDA Loan Eligible.

The good news is that there are a surprisingly large number of Massachusetts homes that do qualify for these rural development loans, some of which lie just outside of major metropolitan areas. To be eligible, the Massachusetts property must be outside of city limits and located in an area of less than 20,000 residents. For more information on Massachusetts Rural Development Loans, please fill out the application on this page, or call one of our certified USDA loan agents at 1-866-854-4242.

Massachusett’s USDA Loan Income Limits by County

There are a few other restrictions which affect USDA Eligibility in Massachusetts. These include credit history and income limits.

Credit History: The USDA Rural Development loan program does not have a strict credit score guideline. Rather, it evaluates your credit history in an effort to ascertain your willingness to meet repayment obligations.

Income Limits: If the home is in an eligible area, you must not exceed the current yearly USDA income limit set for your county. View the chart below for a list of Massachusetts USDA Loan Income Limits by county.

Massachusetts USDA Loan Adjusted Maximum Income Limits by County
Updated 05/01/2009

Quick Scroll
STATE:MASSACHUSETTS PROGRAM 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Barnstable Town, MA MSA
VERY LOW INCOME 31600 36100 40600 45100 48750 52350 55950 59550
Apply Now LOW INCOME 50350 57500 64700 71900 77650 83400 89150 94900
MOD.INC-GUAR.LOAN 103350 103350 103350 103350 136400 136400 136400 136400
Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area
VERY LOW INCOME 37750 43150 48550 53900 58250 62550 66850 71150
Apply Now LOW INCOME 56750 64900 73000 81100 87600 94100 100550 107050
MOD.INC-GUAR.LOAN 116600 116600 116600 116600 153900 153900 153900 153900
Brockton, MA HUD Metro FMR Area
VERY LOW INCOME 30750 35150 39550 43900 47450 50950 54450 57950
Apply Now LOW INCOME 49200 56200 63250 70250 75850 81500 87100 92750
MOD.INC-GUAR.LOAN 101350 101350 101350 101350 133800 133800 133800 133800
Lawrence, MA-NH HUD Metro FMR Area
VERY LOW INCOME 33250 38000 42750 47500 51300 55100 58900 62700
Apply Now LOW INCOME 50350 57500 64700 71900 77650 83400 89150 94900
MOD.INC-GUAR.LOAN 103350 103350 103350 103350 136400 136400 136400 136400
Lowell, MA HUD Metro FMR Area
VERY LOW INCOME 36900 42200 47450 52700 56950 61150 65350 69600
Apply Now LOW INCOME 50350 57500 64700 71900 77650 83400 89150 94900
MOD.INC-GUAR.LOAN 103350 103350 103350 103350 136400 136400 136400 136400
Berkshire County, MA (part) HUD Metro FMR Area
VERY LOW INCOME 30650 35000 39400 43750 47250 50750 54250 57750
Apply Now LOW INCOME 49000 56000 63000 70000 75600 81200 86800 92400
MOD.INC-GUAR.LOAN 101350 101350 101350 101350 133800 133800 133800 133800
Pittsfield, MA HUD Metro FMR Area
VERY LOW INCOME 30650 35000 39400 43750 47250 50750 54250 57750
Apply Now LOW INCOME 49000 56000 63000 70000 75600 81200 86800 92400
MOD.INC-GUAR.LOAN 101350 101350 101350 101350 133800 133800 133800 133800
Easton-Raynham, MA HUD Metro FMR Area
VERY LOW INCOME 40250 46000 51750 57500 62100 66700 71300 75900
Apply Now LOW INCOME 50350 57500 64700 71900 77650 83400 89150 94900
MOD.INC-GUAR.LOAN 103350 103350 103350 103350 136400 136400 136400 136400
New Bedford, MA HUD Metro FMR Area
VERY LOW INCOME 25600 29250 32900 36600 39500 42450 45350 48300
Apply Now LOW INCOME 41000 46850 52700 58550 63250 67900 72600 77300
MOD.INC-GUAR.LOAN 101350 101350 101350 101350 133800 133800 133800 133800
Providence-Fall River, RI-MA HUD Metro FMR Area
VERY LOW INCOME 28150 32150 36150 40150 43400 46600 49800 53000
Apply Now LOW INCOME 45000 51400 57850 64250 69400 74550 79650 84800
MOD.INC-GUAR.LOAN 92350 92350 92350 92350 121900 121900 121900 121900
Taunton-Mansfield-Norton, MA HUD Metro FMR Area
VERY LOW INCOME 31500 36000 40500 45000 48600 52200 55800 59400
Apply Now LOW INCOME 50350 57500 64700 71900 77650 83400 89150 94900
MOD.INC-GUAR.LOAN 103350 103350 103350 103350 136400 136400 136400 136400
Springfield, MA MSA
VERY LOW INCOME 30650 35000 39400 43750 47250 50750 54250 57750
Apply Now LOW INCOME 49000 56000 63000 70000 75600 81200 86800 92400
MOD.INC-GUAR.LOAN 101350 101350 101350 101350 133800 133800 133800 133800
Eastern Worcester County, MA HUD Metro FMR Area
VERY LOW INCOME 39350 44950 50550 56150 60650 65150 69650 74150
Apply Now LOW INCOME 50350 57500 64700 71900 77650 83400 89150 94900
MOD.INC-GUAR.LOAN 103350 103350 103350 103350 136400 136400 136400 136400
Fitchburg-Leominster, MA HUD Metro FMR Area
VERY LOW INCOME 30650 35000 39400 43750 47250 50750 54250 57750
Apply Now LOW INCOME 49000 56000 63000 70000 75600 81200 86800 92400
MOD.INC-GUAR.LOAN 101350 101350 101350 101350 133800 133800 133800 133800
Western Worcester County, MA HUD Metro FMR Area
VERY LOW INCOME 30650 35000 39400 43750 47250 50750 54250 57750
Apply Now LOW INCOME 49000 56000 63000 70000 75600 81200 86800 92400
MOD.INC-GUAR.LOAN 101350 101350 101350 101350 133800 133800 133800 133800
Worcester, MA HUD Metro FMR Area
VERY LOW INCOME 30800 35200 39600 43950 47500 51000 54500 58050
Apply Now LOW INCOME 49200 56250 63250 70300 75900 81550 87150 92800
MOD.INC-GUAR.LOAN 101350 101350 101350 101350 133800 133800 133800 133800
Dukes County, MA
VERY LOW INCOME 32450 37100 41750 46350 50100 53800 57500 61200
Apply Now LOW INCOME 50350 57500 64700 71900 77650 83400 89150 94900
MOD.INC-GUAR.LOAN 103350 103350 103350 103350 136400 136400 136400 136400
Franklin County, MA HUD Nonmetro FMR Area
VERY LOW INCOME 30650 35000 39400 43750 47250 50750 54250 57750
Apply Now LOW INCOME 49000 56000 63000 70000 75600 81200 86800 92400
MOD.INC-GUAR.LOAN 101350 101350 101350 101350 133800 133800 133800 133800
Nantucket County, MA
VERY LOW INCOME 38850 44400 49950 55450 59900 64350 68800 73200
Apply Now LOW INCOME 61250 70000 78750 87500 94500 101500 108500 115500
MOD.INC-GUAR.LOAN 125800 125800 125800 125800 166050 166050 166050 166050

 

Remember, Consumer Real Estate Finance Co. is here to answer all your questions. For help applying for a Massachusetts USDA loan, contact us today.