USDA Rural Development Announces 2012 Income Limits for Guaranteed Loan Program

On January 18, the 2012 income limits for the USDA Rural Development Single-Family Guaranteed Loan Program went into effect.  To be eligible for the program, households must have incomes at or below 115 percent of the median area income and the home to be purchased must be in an USDA-defined eligible rural area.  There are no maximum loan amounts for the program, but applicants must meet the program's loan repayment underwriting ratios while remaining within the income limits.

The 2012 income limits are presented on a county level and are available on an eight-person scale for very low-income and low-income borrowers, and on a two-person scale for moderate-income borrowers.  Income eligibility for each county can be determined on the USDA Rural Development eligibility website.

For more information about the program, please see USDA's website and NCSHA's Rural Housing Advocacy and Issues page.