Maximum Income Limits for Popular Low Down Payment Loans

Maximum income limits for low down payment mortgage programs like 97% MyCommunity and USDA
Maximum income limits for low down payment mortgage programs like 97% MyCommunity and USDA

97% MyCommunityMortgage Maximum Income:

  • Based on household income of everyone 18 and over.  Household income means anyone who will live in the household, whether on the mortgage loan or not
  • USDA Maximum Household Income Limits:
  • Based on household income of everyone 18 and over, whether on the mortgage or not.
  • Broken down for family sized of 4 or less, then 5 or more (5 or more members is a higher limit)
  • Learn more about USDA
  • Check income limits here

NC MCC Tax Credit income limits:

Mortgage Loans types that do not have income limits:

  • FHA – low down payment
  • VA – No money down payment

Written By: Russell Smith

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