3
Table 2: Income and Ratios
Guaranteed Home Loan Program
• The maximum Adjusted
Household Income is the “Low”
limit. Applicants must meet
income eligibility; adjusted
income limits by county and state
can be found at the URL
https://www.rd.usda.gov/files/RD-
DirectLimitMap.pdf.
• Refer to HB-1-3550 Chapter 4
The maximum Adjusted Household
Income is the “Moderate” limit found at
http://www.rd.usda.gov/files/RD-
GRHLimitMap.pdf
Refer to HB-1-3555 Chapter 9
Verified income of ALL
household members cannot
exceed the Income Limit for the
desired county.
Refer to HB-1-3550 Chapter 4
Verified income of ALL household
members cannot exceed the Income
Limit for the desired county.
Refer to HB-1-3555 Chapter 9
Adjusted Household
Income
Deduct from gross household
income: $480 per child under 18
years old or over 18 if a full time
student, 100 percent of child care
paid for children under 12 years
old, elderly household. Deduct
$400 and medical costs that
exceed 3 percent of gross income.
Refer to HB-1-3550 Chapter 4
Deduct from gross household income:
$480 per child under 18 years old or over
18 if a full time student, 100 percent of
child care paid for children under 12
years old, elderly household. Deduct
$400 and medical costs that exceed 3
percent of gross income.
Refer to HB-1-3555 Chapter 9
Non-retirement assets more than
$15,000 ($20,000 for elderly)
must be used toward the purchase
of the property.
Refer to HB-1-3550 Chapter 4
Income from assets valued over $5,000
must be calculated in the household
income.
Refer to HB-1-3555 Chapter 9
Non-taxable income may be
grossed up by 120 percent to
boost repayment income only (but
never for household income
which is compared to income
limits.)
Non-taxable income may be grossed up
by 125 percent to boost repayment
income only (but never for household
income which is compared to income
limits.)
House payments can be paid on
household income (subsidized), if
eligible. “Subsidy recapture” may
apply.
Refer to HB-1-3550 Chapter 6
The principle, interest, property
taxes and insurance (PITI) cannot
exceed 29 percent of repayment
The principle, interest, property taxes
and insurance (PITI) cannot exceed 29
percent of repayment income for Very