Home Buying in Mulberry>Question Details

Pamvorc, Home Buyer in Mulberry, FL

What does this mean?

Asked by Pamvorc, Mulberry, FL Thu Aug 22, 2013

Applicant is ELIGIBLE for the Section 502 Guaranteed Rural Housing Loan Program and INELIGIBLE for the Section 502 Direct Rural Housing Loan Program based on income entered and Program Income Guidelines in effect as of 08-22-2013.  (Applicant must show repayment ability, have a reasonable credit history for the loan requested, and must meet other program requirements.)Contact Us for further details on the Guaranteed Loan Program.Contact Us for further details on the Direct Loan Program.  Summary of Adjusted Annual Household Income   Annual Household Income : $53,400.00Total Deductions : $230.00Household Adjusted Annual Income : $53,170.00Section 502 Guaranteed Rural Housing Loan Program Maximum Adjusted Household Income for Selected State and County : $74,750.00Section 502 Direct Rural Housing Loan Program Maximum Adjusted Household Income for Selected State and County : $39,250.00Adjusted Household Income Exceeds Maximum Income by : $13,920.00  

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