Here's the reason why — one of their guidelines is the rule that says your modest income may still qualify, and the reason why is due to income limits for each city and county. This is partly why the geographics play a big role as to whether or not you get approved for a USDA home mortgage. It's not exactly the most widely used plan for a reason.
However, be in the right place at the right time with the right situation, and the USDA home mortgage might be the biggest benefit ever. Here's an example — let's say you have four people living in the home with you, and your income limit is $59K according to the city/county guidelines. You know what happens if your annual household income's actually maybe $79K? You get approved. Easily.
Check out some more info on the USDA home mortgage right here on the link.
What’s confusing about this USDA mortgage is that we automatically think of grade A beef. This isn’t about beef, though. Read here to find out!