USDA Rural Housing Development Home Loan has changed their income limits.
The original date for USDA Rural Housing to raise the maximum income limits was January 20th of 2009. Now, finally the income limits have officially been raised. USDA Rural Housing in Utah has combined the number of family members to 1-4 and 5-8 to determine eligibility.
OLD INCOME LIMIT RULE
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
| $49,550 | $56,600 | $63,700 | $70,750 | $76,400 | $82,050 | $87,750 | $93,400 |
NEW INCOME LIMIT RULE
Utah, Logan, Morgan, Tooele, Washington, Beaver, Box Elder, Carbon, Daggett, Duchesne, and Uintah County
| 1-4 Person | 5-8 Person |
| $70,750 | $93,400 |
Summit County
| 1-4 Person | 5-8 Person |
| $88,400 | $116,700 |
USDA Rural Development does not require any down payment. You may finance up to 102% of the purchase price of the home. You must have a reasonable credit score to qualify for RDA Rural Housing. This loan has no monthly mortgage insurance. RDA Rural Mortgage is one of Utah’s most affordable loans. You will qualify if you have the ability to make monthly mortgage payments, show the willingness to pay the loan back, make less than 125% of the median income and live in a rural area.
Mike Harrison
Principal Lending Manager
Email: mike (at) firstfedmort.com
801-404-3540 Cell
888-800-1629 Toll Free
Qualify Now Online
First Federal Mortgage, Inc
Salt Lake City, Utah
We are not the FHA, VA, USDA, HUD or any other government organization. The content on this blog is intended for information purposes only. 
