USDA guidelines for areas change every year. It all depends on how much of the area is zoned agricultural and the population of the city. I have some clients using USDA right now to purchase a home in Trenton and 6 weeks ago I had clients that used USDA and got a check at closing for 1000.00. You can not get more back that you have in the transaction but they will look at even your home inspection in figuring how much you have in the transaction.
By the way how is it going with your neighbor? Are the friends still there?
Another stipulation for USDA loans is that they are funded out of a pool of money available in your state. Locate your states funding cycle and inquire with your loan officer as to whether funds are available or not. Different USDA funds and funding sources can vary and a good loan officer can indicate that to you directly. Over the years I have closed several Rural Housing transactions and find them to be very beneficial to clients.
#1 - Basic information - go to site, go to programs - single family housing.
#2 - Ohio Income Limit chart - go to site, click accept, income eligibility, click direct, click Ohio or any other state.
#3 - Study the loan program features.
If you have any questions, feel free to call me or email and I will help you.
Please feel free to contact me if you have any more questions.
Keller Williams Associate Partners