What are the area median limits? Area median income limits are the average income for a certain geographic area.
Each zip code, city and county has different averages.
For housing purposes, HUD (Housing & Urban Development), Fannie Mae, Freddie Mac use the average income limits for each geographic area to set housing loan programs for those that qualify for housing incentives.
1 HUD Area Median Income Limits –
2 Fannie Mae Home Ready (3% down loan program) – Fannie Mae HomeReady Income Limits
3 Freddie Mac Home Possible, (3% down loan program) – Freddie Mac Home Possible Income Limits