No money down
For starters, a USDA loan is one of the only loan programs offered to the general public that allows you to finance 100% of your home’s value. That means no down payment of any kind!
Iowa USDA Loans
My state-specific information
Eligibility Requirements – Iowa
There’s never been a better time to buy a home in Iowa. With a home loan from the USDA, the home of your dreams could finally be within reach. The average household income limit for a USDA loan in Iowa is about $119,850 for a family of 1-4, and can be as high as $188,050 for a family of 5 or more. To learn more about how you can make your home dreams a reality, fill out the form below to get in touch with one of our USDA loan specialists.
The map below shows the areas of Iowa eligible for USDA loans. For more information on qualifying areas and properties, check out the USDA property eligibility screen.
Iowa USDA Income Limits (Moderate Income – Guaranteed Loan)
Most areas of Iowa follow the standard USDA income limit. Select metro areas and a few counties have higher limits.
| Area | 1–4 Person | 5+ Person |
|---|---|---|
| Standard Iowa Limit (Most Counties & MSAs) | $119,850 | $158,250 |
| Ames, IA HUD Metro FMR Area | $142,450 | $188,050 |
| Boone County, IA HUD Metro FMR Area | $125,150 | $165,200 |
| Benton County, IA HUD Metro FMR Area | $127,450 | $168,250 |
| Des Moines-West Des Moines, IA HUD Metro FMR Area | $131,700 | $173,850 |
| Iowa City, IA HUD Metro FMR Area | $135,900 | $179,400 |
| Omaha-Council Bluffs, NE-IA HUD Metro FMR Area | $130,750 | $172,600 |
| Bremer County, IA HUD Metro FMR Area | $123,050 | $162,450 |
| Dickinson County, IA | $125,650 | $165,900 |
| Sioux County, IA | $126,050 | $166,400 |
| Cedar County, IA | $120,050 | $158,500 |
| Marion County, IA | $120,300 | $158,800 |
USDA income limits in Iowa are based on the property’s location and the number of people living in the household. These limits apply to total household income (all adult income earners), not just the borrower’s income. Most Iowa counties use the standard USDA limit, but certain metro areas—and a handful of counties—have higher limits due to local housing costs. If you’re close to the limit or unsure which category your county falls under, we can help you confirm eligibility quickly.
Check Your Iowa USDA Eligibility
USDA loans offer 100% financing (no down payment) for eligible rural and suburban areas. To qualify, you’ll need to meet
income limits, credit and debt-to-income guidelines, and the property must be in a USDA-eligible location.
- Verify your county income limit (1–4 vs. 5+ household members)
- Confirm the home address is in a USDA-eligible area
- Get a fast payment estimate and next steps
Income limits shown are for USDA Guaranteed loans and can change annually. Final eligibility depends on household size, county, and program guidelines.
- NO down payment – Finance 100% of your home
- NO assets needed to qualify
- Flexible credit guidelines
- Competitive, fixed interest rates so payments do not increase
- USDA Loans are for new and existing properties
Start your Iowa USDA home loan now! Just fill out this quick form to get started & a USDA loan specialist will contact you with your options.
What areas are eligible?
USDA Eligibility Map – Iowa
USDA Home Loan Features
Great interest rates
USDA loans are made even more affordable through very competitive fixed interest rates, ensuring your payments will not increase every month.
Need a 620 credit score
USDA Loans .Net requires a middle credit score of at least 620. If you are close, apply and we can help.
Affordable 30 year terms
USDA home loans also offers affordable 30 year terms. If you are a first time home buyer, or not, a USDA loan is the perfect fit.
Roll in your closing costs
A USDA loan allows you to finance in your closing costs up to the appraised value. Making the USDA loan the only mortgage on the market with this ability.
Apply today
Start your USDA Loan now! It only takes 30 seconds to see if you qualify.
New Applicants: For questions about a mortgage application currently in process, please reach out to your Mortgage Loan Officer. If you are not sure who your Mortgage Loan Officer is, please email our Mortgage Help Desk at mortgagehelpdesk@magnoliabank.com. Customer Feedback: For complaints or to provide feedback, please email complaints@magnoliabank.com.
This communication does not constitute a commitment to lend or the guarantee of a special interest rate. All loan programs and availability of cash proceeds are subject to credit, underwriting and property approval.
