2012 USDA Rural Housing Income Limits Published in Wisconsin Illinois Minnesota Florida

The USDA has announced the income limits for the Guaranteed Rural Housing (GRH) Program have changed effective January 18, 2012 in Wisconsin, Minnesota, Florida and Illinois.
By: Madison Mortgage
 
 
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Jan. 23, 2012 - PRLog -- The USDA has announced the income limits for the Guaranteed Rural Housing (GRH) Program have changed effective January 18, 2012. Since 2009 income limits are based on a two tier income structuring consisting of a 1 - 4 member household and a 5 - 8 member household which replaced the 1 - 8 person structure in 2008.

You will notice that the income limits are again displayed in an 8 tier format, however, the moderate income level is still based on a 2 tier level.

As a reminder, unlike other home-financing programs, there are no loan limits for the USDA Guaranteed Rural Housing Program. The maximum loan amount for USDA Guaranteed Rural Housing applicants is based on their ability to meet the repayment ratios for the program, while simultaneously staying within the program’s income limits.

You can view actual income limits on our site at http://www.madisonmortgageguys.com/announcements/rural_housing_income_limits.htm

View additional USDA Rural Housing information: http://www.madisonmortgageguys.com/government_loans/rural...

Toll Free: 877-240-5810
info@madisonmortgageguys.com
http://www.madisonmortgageguys.com

Visit our blog at http://www.madisonmortgageguys.com/blog/

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