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Changes to USDA 100% financing program

USDA Rural Development has confirmed that the proposed change in the proposed change in the income limit structure for the USDA Guaranteed Rural Housing Program will be implemented by USDA Rural Development as planned on April 20th. 

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 – 49,550

2 person – 56,600

3 person – 63,700

4 person – 70,750

5 person – 76,400

6 person – 82,050

7 person – 87,750

8 person – 93,400

 Under the new income limit structure for non-high cost counties, those income limits would be: 

          *1-4 person – 70,750

          *5-8 person – 93,400 

Note: The same benefit pertains to all high-cost counties in that all 1-4 person households would be qualified for income eligibility based only on the 4-person limit, and all 5-8 person households would be qualified for income eligibility based only on the 8-person limit.