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Announcement 2019-052: USDA Updates

Effective immediately, the maximum loan amount has been increased to $484,350 to align with conforming loan limits. Also, clarification that manual underwriting is not permitted for purchases and rate and term refinances has been added to the product profile.

updates

Effective immediately, the maximum loan amount has been increased to $484,350 to align with conforming loan limits. Also, clarification that manual underwriting is not permitted for purchases and rate and term refinances has been added to the product profile.

 

Please reference the Product Profiles page for full details of the changes outlines in this announcement.