USDA issued a Procedure Notice on May 4, 2020 to update the income limits for the Rural Development Single Family Guaranteed Loan Program.
USDA’s Guaranteed Underwriting System (GUS) and the income eligibility calculator on the Income Eligibility page of USDA’s website have been updated with the new income limits.
NOTE: The Procedure Notice did not indicate if limits increased or decreased for any specific county
The new income limits apply to loans submitted on or after May 4, 2020
If you have any questions, please contact your Account Executive.