With rolling landscapes and a green vibrant countryside, Connecticut certainly has a lot to be proud of. Even better, with the introduction of its Rural Development Program, the United States Department of Agriculture is helping to strengthen many of this state’s already strong rural communities.

Offering what are referred to as USDA Home Loans, many home buyers in Connecticut may qualify for a loan that offers:

  •     No  Connecticut loan amount limitations
  •     $0 down, 100% financing is available
  •     No Connecticut monthly mortgage insurance
  •     Lower income families and those with blemished credit may qualify

Connecticut Areas that Qualify for a USDA Loan

At Consumer Real Estate Finance Co. we recognize that the term “Rural Development Loan” can be somewhat misleading. This is why we want to emphasize that USDA Home Loans are not just for Connecticut farmers. Instead, a great number of areas located all throughout this majestic state are USDA Loan eligible.  A good rule of thumb is to focus on communities that are located outside of major metropolitan area limits and have less than 20,000 residents.

You should never assume that your area does not qualify for a USDA Loan.  With help from the experts at Consumer Real Estate Finance Co., you can have your USDA eligibility questions answered.  For more information, please fill out the application on this page, or call one of our certified USDA loan agents at 1-866-854-4242.

Connecticut’s USDA Loan Income Limits By County

Some of the eligibility restrictions that determine if you qualify for a Connecticut USDA Loan include the county and zip code the property resides in, as well as, your past credit history and number of dependents.

In addition, because they are designed for families with moderate to lower incomes, the income of homebuyers looking into a Connecticut USDA Home Loan cannot exceed their county’s set limit:

STATE:CONNECTICUT PROGRAM 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Danbury CT HUD Metro FMR Area VERY LOW INCOME 39550 45200 50850 56450 61000 65500 70000 74550
LOW INCOME 52250 59700 67200 74650 80600 86600 92550 98550
MOD.INC-GUAR.LOAN 107300 107300 107300 107300 141650 141650 141650 141650
Stamford-Norwalk CT HUD Metro FMR Area VERY LOW INCOME 44950 51400 57800 64200 69350 74500 79650 84750
LOW INCOME 59150 67600 76050 84500 91250 98000 104800 111550
MOD.INC-GUAR.LOAN 121450 121450 121450 121450 160300 160300 160300 160300
North Middlesex County CT SEA VERY LOW INCOME 31450 35900 40400 44900 48500 52100 55700 59250
LOW INCOME 45500 52000 58500 65000 70200 75400 80600 85800
MOD.INC-GUAR.LOAN 99200 99200 99200 99200 130950 130950 130950 130950
Southern Middlesex County CT HUD Metro FMR VERY LOW INCOME 34650 39600 44550 49450 53450 57400 61350 65300
LOW INCOME 45500 52000 58500 65000 70200 75400 80600 85800
MOD.INC-GUAR.LOAN 99200 99200 99200 99200 130950 130950 130950 130950
New Haven-Meriden CT HUD Metro FMR Area VERY LOW INCOME 29750 34000 38250 42450 45850 49250 52650 56050
LOW INCOME 45500 52000 58500 65000 70200 75400 80600 85800
MOD.INC-GUAR.LOAN 99200 99200 99200 99200 130950 130950 130950 130950
Waterbury CT HUD Metro FMR Area VERY LOW INCOME 29150 33300 37450 41600 44950 48300 51600 54950
LOW INCOME 45500 52000 58500 65000 70200 75400 80600 85800
MOD.INC-GUAR.LOAN 99200 99200 99200 99200 130950 130950 130950 130950
Colchester-Lebanon CT VERY LOW INCOME 35800 40900 46000 51100 55200 59300 63400 67500
LOW INCOME 45500 52000 58500 65000 70200 75400 80600 85800
MOD.INC-GUAR.LOAN 99200 99200 99200 99200 130950 130950 130950 130950
Norwich-New London CT VERY LOW INCOME 29650 33850 38100 42300 45700 49100 52500 55850
LOW INCOME 45500 52000 58500 65000 70200 75400 80600 85800
MOD.INC-GUAR.LOAN 99200 99200 99200 99200 130950 130950 130950 130950
Litchfield County CT VERY LOW INCOME 31500 36000 40500 44950 48550 52150 55750 59350
LOW INCOME 45500 52000 58500 65000 70200 75400 80600 85800
MOD.INC-GUAR.LOAN 99200 99200 99200 99200 130950 130950 130950 130950
New Milford CT SEA VERY LOW INCOME 32500 37100 41750 46400 50100 53800 57550 61250
LOW INCOME 45500 52000 58500 65000 70200 75400 80600 85800
MOD.INC-GUAR.LOAN 99200 99200 99200 99200 130950 130950 130950 130950
Windham County CT VERY LOW INCOME 29150 33300 37450 41600 44950 48300 51600 54950
LOW INCOME 45500 52000 58500 65000 70200 75400 80600 85800
MOD.INC-GUAR.LOAN 99200 99200 99200 99200 130950 130950 130950 130950

 

As a resident of the great state of Connecticut, you do not have to navigate the sometimes confusing USDA Loan application process alone. The certified agents at Consumer Real Estate Finance Co. are here to help. Contact us today for assistance!