New USDA Guaranteed Loan Income Limits

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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

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About Michelle Nantz

There are many qualities and skills that go into being an excellent real estate professional: integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills, and a high-quality professional network ~ all of which are hallmarks of Michelle Nantz. In 2003, Michelle began her career in real estate, after a successful career in restaurant and hotel management with her last position as Regional Director of Operations running 56 hotels throughout two states. She owes her success in real estate and management to her expertise in people skills, managing, negotiating, and follow-up. However, it is Michelle’s dedication to quality service that she ultimately credits her success. Michelle shared, “In my experience as a Lake Norman real estate professional, I’ve found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding quickly to their needs.” This “client first” philosophy combined with continual personal improvement and keeping up-to-date with the latest technologies is a cornerstone of both Michelle’s and Lake Norman Realty’s business philosophy. In addition to Michelle’s extensive real estate education and her experience in the local market, she is also an Accredited Staging Professional®, which brings additional value to marketing her clients’ homes. Michelle and her family have made the Lake Norman area their home for over 10 years. In her rare leisure moments, you’ll find Michelle with her three children and husband, or unwinding with gardening or reading. “I live and work in this community and only have the best interests of our community and its members in mind,” says Michelle. Her community activities include participation in Denver Days, Relay for Life and support for Christian Ministries and area schools.
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