Eligible Rural Areas for USDA Loans

I would like to be a home owner, and I think that living in a house would be the best thing for my family. I had worked for years to save up money for a down payment on a house. I was close to my goal, but I had some unexpected medical expenses that pretty much destroyed all of my savings. It has been rather depressing to get so close to a goal, and then to have it destroyed. But I still have hope, and I think that USDA loans could be the best option for my current situation.

One of the things that I need to figure out, when it comes to being eligible for a USDA loan, is what the income threshold is for such loans. I know that your income has to be below a certain level, but I do not know exactly what that level is. I think that it might depend on the area, and what the cost of living is in that particular area. At least, that would make a lot of sense to me.

I am hoping that this type of loan will cover new houses, or houses that are currently under construction. I would much rather purchase a new house, as opposed to buying one that has been lived in before. I would just feel a lot better about my purchase, if I knew that the house was new. That way, there would not be any hidden defects that I might later run into. It seems like a better investment in every way. I am currently living close to some fairly rural areas, so I think that I should not have a lot of trouble finding a qualifying property. The bigger issue, in my opinion, is whether I will qualify for the loan.

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