Here's A Tip For USDA Loans That Few Know About...

Good Morning!

Here's a USDA tip for you...

First, you should know that USDA family income caps.

...In other words if you make too much money you won't qualify for a USDA loan.

Here is the link to check the income for your area... http://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do

Important: USDA goes by total household income!

In other words if you are getting a USDA loan with you as the only borrower, but you have a live in boyfriend/girlfriend that also lives in the house.

...and, that boyfriend/girlfriend has a job and makes money - then their money would also be included in the total household income calculation for USDA.

So, please be aware of this before you apply for a USDA loan.


Have a good day today!  ...and thanks for reading.
 
Brett

 
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