Thursday, February 7, 2013

2013 USDA Income Limits

USDA published the income limits today for its Rural Development aka Single Family Guaranteed Loan Program. The 2013 Income Limits vary by county and are based on the size of the household. The property must also lie within the eligible rural boundary as defined by the USDA. The income contingent loan program remains a popular choice in the Northwest for first time home buyers with the potential to purchase a home with little to no money down. The income limits also apply to borrowers looking to refinance an existing USDA guaranteed loan. For more information on this or any other loan program contact me today! 

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