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USDA Rural Home Loan Qualifying And Repayment Income

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Education & Training

USDA Rural Home Loan qualifying uses two different income types to determine qualification for the USDA Rural Home Loan. In the previous post we discussed Adjusted Household Income and in this post we will discuss what the USDA Rural Home Loan qualifies as Repayment Income.

The USDA considers Gross Income and Repayment Income as the same thing and is used in determining if you can afford the payment by looking at a DTI Ratio (debt to income).

Read the full story at: USDA Rural Home Loan Repayment Income includes:

Paul Dunn
Tucson's #1 FHA Mortgage Loan Originator
Arizona USDA Rural Development Home Loans

Gerry Suarez Jr.
New American Funding NMLS 6606 - Orlando, FL
FL Mortgage Guru

and you do a great job of demonstrating how many factors can come into play when determining the adjusted household income. Most times you can't tell by just looking at a chart if a family makes too much to be eligible.

Conversely you explain well what it takes for income to be recognized as stable and thus be used for qualifying. Nice site!

Gerry Suarez, Jr.

Your FHA Loan Pro!

Dec 18, 2008 12:22 PM
Ron Withers ----Retired Mortgage Professional
Kissimmee, FL

Paul

My comment is "ditto" to Gerry's comment!. Great source for consumer info.

Jan 02, 2009 10:24 PM