For a while the USDA has been mentioning that they were going to increase the income limits to the Guaranteed loan program. Not only was this exciting to hear but USDA also mentioned that the income limits were going to be grouped as 1-4 and 5-8 house hold size. This was even better because now an individual who makes the full amount as a 4 person household size can qualify. This is no rumor anymore. It has been done as of April 20th. To see what the incmoe limits are within your area CLICK HERE. If you want a little refresher on the USDA RD loan program go to the following blog.
Guaranteed 102% financing for Rual areas!
Thanks,
Jose Delgado
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved