July 15, 2002

SUBJECT: Single Family Housing Direct Loan/Cost Limits

TO: All Michigan Rural Development Offices

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

The purpose of this AN is to transmit the latest SFH Direct loan and
cost limits.

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

This AN replaces Michigan AN 834 (3550) dated December 27, 2000.

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

Following are the current dollar cost and loan limits for the Direct SFH
Programs. USDA Rural Development should consider the changes in
loan/cost limits effective May 8, 2002:

  ----------------- ----------------- ----------------- -----------------
  COUNTY            \$ COST/LOAN      COUNTY            \$ COST/LOAN
                    LIMIT                               LIMIT

  Alcona            \$86,317          Keweenaw          \$86,317

  Alger             \$88,094          Lake              \$86,317

  Allegan           \$124,000         Lapeer            \$136,850

  Alpena            \$99,978          Leelanau          \$170,352

  Antrim            \$107,550         Lenawee           \$126,350

  Arenac            \$86,317          Livingston        \$140,600

  Baraga            \$86,317          Luce              \$86,317

  Barry             \$118,600         Mackinac          \$86,317

  Bay               \$124,000         Macomb            \$128,550

  Benzie            \$106,317         Manistee          \$106,317

  Berrien           \$124,000         Marquette         \$91,971

  Branch            \$100,592         Mason             \$106,317

  Calhoun           \$116,400         Mecosta           \$103,338

  Cass              \$117,317         Menominee         \$86,317
  ----------------- ----------------- ----------------- -----------------

**EXPIRATION DATE: July 31, 2003** **[FILING
INSTRUCTIONS:]{.underline}**

> HB-1-3550, Appendix 10,
>
> Section 203(b) Limits

MI AN No. 853 (3550)

Page 2

  ----------------- ----------- ----------------- ----------------- -----------------
  COUNTY                        \$ COST/LOAN      COUNTY            \$ COST/LOAN
                                LIMIT                               LIMIT

  Charlevoix                    \$120,700         Midland           \$124,000

  Cheboygan                     \$86,317          Missaukee         \$86,317

  Chippewa                      \$86,317          Monroe            \$136,850

  Clare                         \$86,317          Montcalm          \$102,968

  Clinton                       \$124,000         Montmorency       \$86,317

  Crawford                      \$86,317          Muskegon          \$115,000

  Delta                         \$86,317          Newaygo           \$93,500

  Dickinson                     \$86,317          Oakland           \$134,900

  Eaton                         \$124,000         Oceana            \$106,317

  Emmet                         \$124,000         Ogemaw            \$86,317

  Genesee                       \$122,577         Ontonagon         \$86,317

  Gladwin                       \$100,340         Osceola           \$88,666

  Gogebic                       \$86,317          Oscoda            \$86,317

  Grand Traverse                \$124,000         Otsego            \$106,300

  Gratiot                       \$90,356          Ottawa            \$127,350

  Hillsdale                     \$86,317          Presque Isle      \$86,317

  Houghton                      \$86,317          Roscommon         \$86,317

  Huron                         \$90,828          Saginaw           \$124,000

  Ingham                        \$124,000         Saint Clair       \$136,850

  Ionia                         \$106,317         Saint Joseph      \$105,100

  Iosco                         \$86,317          Sanilac           \$105,237

  Iron                          \$86,317          Schoolcraft       \$86,317

  Isabella          \$124,000                     Shiawassee        \$106,000

  Jackson           \$123,140                     Tuscola           \$90,377

  Kalamazoo         \$124,000                     Van Buren         \$124,000

  Kalkaska          \$106,317                     Washtenaw         \$135,800

  Kent              \$124,000                     Wayne             \$124,000

                                                  Wexford           \$86,317
  ----------------- ----------- ----------------- ----------------- -----------------

/s/ Joanne C. DeVuyst

Joanne C. DeVuyst

State Director