USDA issued a Procedure Notice on July 13, 2023 to announce updated 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
The Procedure Notice did not indicate if limits increased or decreased for any specific county. The 2023 income limits, by county, may be viewed by clicking here: Rural Development Guaranteed Loan Program 2023 Income Limits
The new income limits apply to loans submitted on or after July 13, 2023
If you have any questions, please contact your Account Executive