Rural Development Increases Income Limits!

-
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.

Comments

Post a Comment

Popular posts from this blog

Small Affordable Home Upgrades for Big Impact

-
Image
Home improvement pros and DIYers tout a fresh coat of paint as a favorite among low-cost home upgrades that can make a huge impact. But what else can you do to accessorize and decorate? Sometimes the little things can make a bigger difference than you might think.  Professionals share the following easy and low-cost home upgrades to add a designer’s touch all around the house. These projects may even help increase your home’s perceived value.  For the Bathroom 1. Frame It Estimated cost: starting around $100 That edgeless, builder-grade mirror hanging above the bathroom vanity may be prime for an update. Measure the mirror and choose from numerous frame styles and materials, like wooden walnut or shiny brass. The frame kit includes clips and metal strips to attach to the existing mirror. A once-forgettable mirror instantly looks customized and styled to the space. 2. Infuse Some Green Estimated cost: $5 and up Simply adding greenery can liven up bathroom spaces and soften hars...
Read more

June Is the Best Time to Do These 5 Things

-
Image
Tackle these five summer maintenance tasks during June’s longer days and better weather — and save yourself time and money this winter. #1 Update Outdoor Lighting In June, winter nights are probably the last thing on your mind. But early summer is the perfect time to plan for those “OMG, it’s only 4:30, and it’s already dark” moments by adding or updating landscape lighting. The most energy-efficient, easy-to-install option is solar lighting, but it won’t perform as well on dark or snowy days. For light no matter the weather, install electric. #2 Clean Your House’s Siding With a bit of preventive maintenance, your home’s siding will stay clean and trouble-free for up to 50 years. Fifty years! Clean it this month with a soft cloth or a long-handled, soft-bristle brush to guarantee that longevity. Start at the bottom of the house and work up, rinsing completely before it dries. That’s how you avoid streaks. #3 Focus on Your Foundation There’s no better time for in...
Read more

Home Improvement Projects That Pay Off

-
Image
Big remodeling projects aren't the only way to get a worthwhile return on investment or happiness. H omeowners can get payback and joy from several smaller, lower-dollar-value home improvement projects.  Small projects are suited to DIY, which can save you cash.  Recent research shows that 10% of young millennials, between 23 and 31, want a fixer-upper home where they can work on DIY projects.  Of course, kitchen and bathroom makeovers will always have a place in our hearts (if not our wallets). The following five high-performing projects are significantly less expensive options.  #1 Hardwood Flooring Refinish or Replacement Refinishing hardwood floors is one of the top interior remodeling projects that brings the highest return. Remodelers estimate the cost at $3,400, and REALTORS® estimate the value recovered at $5,000, a whopping 147% return.  With hardwood floors, you get a lot of bang for your buck, they’re not that expensive, and people really like them. ...
Read more