Rural Development Increases Income Limits!

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New income limits for the USDA Guaranteed Rural Housing Program went into effect on
April 20th. This includes an increase in the income limits nationwide, as well as the implementation of the new “2-Tier” income limit structure, which will simplify program requirements and the qualification process.

Previously, income limits for many counties, including Cumberland & York Counties, depended on the number of persons. There was a different income level for each additional person. The new structure only has two income levels (1-4 persons and 5-8 persons). This increases the maximum income level for most families.

Cumberland & York County:
$73,600 for 1-4 person household
$97,150 for 5-8 person household

Portland Metro:
$83,250 for 1-4 person household
$109,900 for 5-8 person household

This is great news for many buyers!

Here is the link to look up the Rural Development income limits for your area.

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