USDA Announces Increased Income Limits

Date: June 2, 2010
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Questions or Comments Regarding This Information?

The income limits for the USDA Guaranteed Rural Housing (GRP) Program have increased effective June 2, 2010. While the increase in Maryland is less than $1,000, considering that family incomes have stagnated over the last year, any increase is helpful in qualifying more homebuyers for this loan program.

Based on the increase new maximum income limits are as follows:

CountyIncome 1-4Income 5-8
Allegany$89,150$117,700
Anne Arundel$92,600$122,250
Baltimore$92,600$122,250
Calvert$92,600$122,250
Caroline$89,150$117,700
Carroll$92,600$122,250
Cecil$90,050$118,850
Charles$92,600$122,250
Dorchester$89,150$117,700
Frederick$92,600$122,250
Garrett$89,150$117,700
Harford$92,600$122,250
Howard$92,600$122,250
Kent$89,150$117,700
Montgomery$92,600$122,250
Prince Georges$92,600$122,250
Queen Anne's$92,600$122,250
Somerset$89,150$117,700
St Mary's$92,600$122,250
Talbot$89,150$117,700
Washington$89,150$117,700
Wicomico$89,150$117,700
Worcester$89,150$117,700

Remember that USDA does allow for the total household income to be higher than these income limits provided that certain adjustments or reduction to income can be made including:

Documentable childcare expenses for children age 12 and under
$480 per child for anyone under 18
$480 for any student other then one of the applicants
$400 for each disabled or handicapped individual who is not one of the applicants
Medical expenses for any elderly family member

These adjustments can be used to lower the gross household income to an amount that is less than the above mentioned maximum gross income. If you are considering financing an upcoming home purchase using a USDA loan and need assistance in calculating your adjusted gross income using USDA Rural Development Loan Income Guidelines complete the contact form or call (866) 747-2882 to speak to your local Maryland loan professional.

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