Rural Development 502 Leverage/ Direct
"QUICK LOOK"
1. Find the chart with the number in your household
2. Find your approximate annual income to see the loan
amount you qualify for, and to see your estimated payment
Click Here for an application you can print
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Click Here for Common questions about this Loan Program
| Total # in Household | Approximate Annual Income Equals |
Estimated Qualifying Loan Amount |
TOTAL(PITI)
House Payment (Estimated) |
|---|---|---|---|
| 1 |
$23,200 | $80,130 |
$492.00 |
| $25,520 |
$87,620 | $571.00 |
|
| $27,850 | $93,780 | $651.00 |
|
| $30,170 | $98,700 | $730.00 |
|
| $32,500 | $102,650 | $810.00 |
|
| $34,820 | $105,700 | $889.00 |
|
| $37,150 | $114,621 | $963.80 |
| Total # in Household | Approximate Annual Income Equals |
Estimated Qualifying Loan Amount |
TOTAL(PITI)
House Payment (Estimated) |
|---|---|---|---|
| 2 |
$26,550 | $98,740 |
$607.00 |
| $29,210 |
$106,930 | $698.00 |
|
| $31,780 | $113,560 | $788.00 |
|
| $34,530 | $114,621 | $848.85 |
|
| $37,190 | $114,621 | $904.72 |
|
| $39,850 | $114,621 | $963.80 |
|
$42,510 |
$114,621 | $963.80 |
| Total # in Household | Approximate Annual Income Equals |
Estimated Qualifying Loan Amount |
TOTAL(PITI)
House Payment (Estimated) |
|---|---|---|---|
| 3 |
$30,300 | $114,621 |
$703.41 |
| $33,320 |
$114,621 | $747.95 |
|
| $36,310 | $114,621 | $796.51 |
|
| $39,300 | $114,621 | $848.85 |
|
| $42,290 | $114,621 | $904.72 |
|
| $45,280 | $114,621 | $963.80 |
|
$48,270 |
$114,621 | $963.80 |
| Total # in Household | Approximate Annual Income Equals |
Estimated Qualifying Loan Amount |
TOTAL(PITI)
House Payment (Estimated) |
|---|---|---|---|
| 4 |
$34,160 | $114,621 |
$703.41 |
| $37,480 |
$114,621 | $747.95 |
|
| $40,810 | $114,621 | $796.51 |
|
| $44,130 | $114,621 | $848.85 |
|
| $47,460 | $114,621 | $904.72 |
|
| $50,780 | $114,621 | $963.80 |
|
$54,110 |
$114,621 | $963.80 |
| Total # in Household | Approximate Annual Income Equals |
Estimated Qualifying Loan Amount |
TOTAL(PITI)
House Payment (Estimated) |
|---|---|---|---|
| 5 |
$37,290 | $114,621 |
$703.41 |
| $40,880 |
$114,621 | $747.95 |
|
| $44,470 | $114,621 | $796.51 |
|
| $48,060 | $114,621 | $848.85 |
|
| $51,650 | $114,621 | $904.72 |
|
| $55,240 | $114,621 | $963.80 |
|
$58,830 |
$114,621 | $963.80 |
| Total # in Household | Approximate Annual Income Equals |
Estimated Qualifying Loan Amount |
TOTAL(PITI)
House Payment (Estimated) |
|---|---|---|---|
| 6 |
$40,420 | $114,621 |
$703.41 |
| $44,270 |
$114,621 | $747.95 |
|
| $48,130 | $114,621 | $796.51 |
|
| $51,980 | $114,621 | $848.85 |
|
| $55,840 | $114,621 | $904.72 |
|
| $59,690 | $114,621 | $963.80 |
|
$63,550 |
$114,621 | $963.80 |
Click Here for an application you can print
Fill out the application and fax it to (972) 772-1980
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