USDA has increased income limits and the price of homes for 2024.

Exciting developments for prospective borrowers contending with the recent surge in home prices! USDA has not only raised the qualifying income threshold but has also expanded the range of home prices that can be considered. Income criteria for USDA eligibility vary throughout Florida. Generally, households with 1-4 members can have a maximum gross income of $110,650 annually, with some counties having higher limits. In the case of households with 5 or more members, the permissible income may exceed $146,050 in specific counties.