New Income Limits for the USDA Home Loan Program
Finally.....It seems as though we have been waiting for months for these new limits to happen. There have been lots of questions and some confusion the past few months over the Proposed Income Limit Modification.
Here's the scoop -
The New USDA Income Limit Structure will be based on a 2 tier system consisting of a 1-4 member household and a 5-8 member household. This is great news for families who may have been over the USDA income limits. The new limits will not be posted until Monday April 20th so check back at that time to learn if you qualify for a USDA Home Loan based on the New Income Limits.
In the meantime if you would like more information on these changes or an estimate on what the new limits will be feel free to contact me at cherylaorr@yahoo.com. For Property Information here are the USDA Property Maps for a general idea on eligible areas. For more specific information you can visit the USDA Property Eligiblity Calculator.
This information is intended as a guide only. Never assume that you may not be eligible for the USDA Home Loan without talking to a qualified USDA Lender.
Thanks for stopping by.........
Cheryl Orr
USDA Home Loan Specialist
Washington State
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