USDA Mortgage Home Loan income limits?

QUESTION:

What are the current income restrictions for USDA home loans in Florida?

H.Clark / Naples, FL

ANSWER:

In Florida the eligibility limit for 1-4 person family is between $74,050 – $91,000 gross income per year.  The exact amount depends on the county, although most are around $74,050 -$76,000 per year. The limit greatly goes up for any households with over 4 people, in some cases up to $120,000.  There are many other factors that play a role in determining adjusted household income such as child care expenses, elderly care and folks with disabilities.  One important detail is that all household income is used with determining eligibility. This includes people that work but are not on the loan application.