USDA Loans

I'm really liking these Rural Development Loans. If you don't mind living outside the city limits you cant beat them. The rates are great not to mention 100% financing and no MI. On 04/20/2009 the Feds raised the income limits as well. In Mobile County the limit for a 1-4 person household is $39,600-$73,600 a 5-8 person household $52,250-$97,150 and in Baldwin County the limits for 1-4 in $46,550-$73,600 and 5-8 $61,450-$97,150. I don't agree much with the Feds but this is definitely good for the industry and good for the consumer. To find out if a property is eligible or to read more about the guidelines visit www.rurdev.usda.gov/. Yall have a great day.