April 12, 2007

SUBJECT: Single Family Housing Direct Area Loan Limits

TO: All Michigan Rural Development Offices

**[PURPOSE/INTENDED OUTCOME]{.underline}:**

## The purpose of this AN is to transmit the latest SFH Direct Area Loan Limits.

**[COMPARISON WITH PREVIOUS AN:]{.underline}**

The AN replaces Michigan AN 859 (3550), dated September 29, 2005.

**[IMPLEMENTATION RESPONSIBILITES]{.underline}:**

## The following are the current Area Loan Limits for the Direct SFH Programs. These figures are based on the residential cost data plus typical market value for an improved site. USDA Rural Development shall consider the changes in loan/cost limits to be effective March 1, 2007.

Gene DeRossett

State Director

Attachment

**EXPIRATION DATE**: February 29, 2008 **[FILING
INSTRUCTIONS:]{.underline}**

HB-1-3350, Appendix 10

(Section 203 (b) Limits)

Attachment to MI AN 880 (3550)

+---------------+------------------+------------------+----------------+
| ## COUNTY     | \$ COST/LOAN     | COUNTY           | \$ COST/LOAN   |
|               | LIMIT            |                  | LIMIT          |
+---------------+------------------+------------------+----------------+
| Alcona        | 148,000          | Keweenaw         | 147,800        |
+---------------+------------------+------------------+----------------+
| Alger         | 147,800          | Lake             | 157,300        |
+---------------+------------------+------------------+----------------+
| Allegan       | 173,200          | Lapeer           | 180,000        |
+---------------+------------------+------------------+----------------+
| Alpena        | 148,000          | Leelanau         | 182,100        |
+---------------+------------------+------------------+----------------+
| Antrim        | 157,600          | Lenawee          | 192,400        |
+---------------+------------------+------------------+----------------+
| Arenac        | 148,000          | Livingston       | 226,100        |
+---------------+------------------+------------------+----------------+
| Baraga        | 147,800          | Luce             | 147,800        |
+---------------+------------------+------------------+----------------+
| Barry         | 170,400          | Mackinac         | 142,900        |
+---------------+------------------+------------------+----------------+
| Bay           | 160,000          | Macomb           | 217,000        |
+---------------+------------------+------------------+----------------+
| Benzie        | 158,900          | Manistee         | 158,900        |
+---------------+------------------+------------------+----------------+
| Berrien       | 172,500          | Marquette        | 147,800        |
+---------------+------------------+------------------+----------------+
| Branch        | 168,700          | Mason            | 163,400        |
+---------------+------------------+------------------+----------------+
| Calhoun       | 172,000          | Mecosta          | 155,000        |
+---------------+------------------+------------------+----------------+
| Cass          | 166,500          | Menominee        | 147,800        |
+---------------+------------------+------------------+----------------+
| Charlevoix    | 156,500          | Midland          | 160,000        |
+---------------+------------------+------------------+----------------+
| Cheboygan     | 158,900          | Missaukee        | 155,900        |
+---------------+------------------+------------------+----------------+
| Chippewa      | 142,900          | Monroe           | 203,600        |
+---------------+------------------+------------------+----------------+
| Clare         | 148,000          | Montcalm         | 166,000        |
+---------------+------------------+------------------+----------------+
| Clinton       | 180,000          | Montmorency      | 148,000        |
+---------------+------------------+------------------+----------------+
| Crawford      | 148,000          | Muskegon         | 162,000        |
+---------------+------------------+------------------+----------------+
| Delta         | 147,800          | Newaygo          | 162,000        |
+---------------+------------------+------------------+----------------+
| Dickinson     | 147,800          | Oakland          | 226,100        |
+---------------+------------------+------------------+----------------+
| Eaton         | 180,000          | Oceana           | 158,000        |
+---------------+------------------+------------------+----------------+
| Emmet         | 154,800          | Ogemaw           | 148,000        |
+---------------+------------------+------------------+----------------+
| Genesee       | 170,000          | Ontonagon        | 147,800        |
+---------------+------------------+------------------+----------------+
| Gladwin       | 148,000          | Osceola          | 155,900        |
+---------------+------------------+------------------+----------------+
| Gogebic       | 147,800          | Oscoda           | 148,000        |
+---------------+------------------+------------------+----------------+
| Grand         | 168,400          | Otsego           | 150,000        |
| Traverse      |                  |                  |                |
+---------------+------------------+------------------+----------------+
| Gratiot       | 160,000          | Ottawa           | 190,000        |
+---------------+------------------+------------------+----------------+
| Hillsdale     | 163,000          | Presque Isle     | 148,000        |
+---------------+------------------+------------------+----------------+
| Houghton      | 147,800          | Roscommon        | 148,000        |
+---------------+------------------+------------------+----------------+
| Huron         | 160,000          | Saginaw          | 170,000        |
+---------------+------------------+------------------+----------------+
| Ingham        | 185,000          | Sanilac          | 160,000        |
+---------------+------------------+------------------+----------------+
| Ionia         | 170,000          | Schoolcraft      | 147,800        |
+---------------+------------------+------------------+----------------+
| Iosco         | 148,000          | Shiawassee       | 170,000        |
+---------------+------------------+------------------+----------------+
| Iron          | 147,800          | Saint Clair      | 180,000        |
+---------------+------------------+------------------+----------------+
| Isabella      | 160,000          | Saint Joseph     | 161,900        |
+---------------+------------------+------------------+----------------+
| Jackson       | 172,500          | Tuscola          | 160,000        |
+---------------+------------------+------------------+----------------+
| Kalamazoo     | 176,500          | Van Buren        | 167,200        |
+---------------+------------------+------------------+----------------+
| Kalkaska      | 158,900          | Washtenaw        | 223,900        |
+---------------+------------------+------------------+----------------+
| Kent          | 170,000          | Wayne            | 198,000        |
+---------------+------------------+------------------+----------------+
|               |                  | Wexford          | 160,900        |
+---------------+------------------+------------------+----------------+