There are updated Rural Development loan income limits for the state of Maryland pertaining to USDA Rural Development loans. This refers to the maximum amount of money a household can make at the time of application.
As an example lets say that John and Susan apply for a rural development loan in Frederick County Maryland. John makes 
45k Susan makes 50k however John has some shaky credit and does not meet the minimum requirement of the lender and the loan has to go in Susan's name alone. The lender would calculate only Susan when determining how much they qualify for and he would use 50k however when determining if they are within the income limit the Rural Development office would use 95k and fortunately in Frederick MD where the current income limit is now $97,950 they would be fine.
but...
What if they were also living with Susan's mom and she started a new part time job making just $500 a month. The lender would not be able to use the income because for part time income there needs to be a two year history however the Rural Development Office would consider that income of $6,000 per year and now the combined household income would be at $101,000 and unfortunately would be ineligible for a Rural Development Loan.
but...
What is John and Susan had "Little Johnny" who was 3 and was in day care three times a week at $200 per week? Now the lender still will use Susan's 50k as income to qualify her and the Rural Development office will still be using 101k as income but would deduct 10800 from their income and therefore at 91k are well within the limits for Frederick Maryland.
They have more than enough income to repay the loan, Little Johnny saved the day and they lived happily ever after!
If you want to know more about whether or not you qualify for a USDA loan, please visit my website for USDA loans in Maryland or call me 443-624-9398 day or evening.
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