New USDA Guaranteed Loan Income Limits
The structure for the USDA Guaranteed Rural Housing Program that will be implemented by USDA Rural Development was planned on April 20, 2009.
In summary, the current income limit structure that is based on household incomes from one to eight persons would be restructured as follows:
1-4 person households would be qualified using only the 4-person limit.
5-8 person households would be qualified using only the 8-person limit.
For example, the current base income limit for all non-high cost counties is:
|
1 Person |
2 Person |
3 Person |
4 Person |
5 Person |
6 Person |
7 Person |
8 Person |
|
49,550 |
56,600 |
63,700 |
70,750 |
76,400 |
82,050 |
87,750 |
93,400 |
Under the new income limit structure for non-high cost counties, those income limits would be:
|
1-4 Person |
5-8 Person |
|
70,750 |
93,400 |
