02-14-2014 08:38 AM
I am looking to apply for a mortgage in the near future and would really like to go with a USDA loan. Problem is with my overtime pay calculated in, my income is too high to qualify. How does USDA factor in over time pay??
02-14-2014 11:28 AM
It is always the highest amount for household income so even if the money cannot be used for eligibity they will count it when it comes to the max allowed.
Bacially if you make it they will count it -
02-14-2014 12:04 PM
Right after responding I received a link for the new limits - maybe your state was one that changed
here is a link to the new household income limits
02-17-2014 08:46 AM
sorry about the link - not sure what happened?
Yes for the income limits they will look at what was made regardless of what is guaranteed
02-17-2014 09:46 AM
Just copy & paste the URL rather than clicking on it. It appears the URL that Brian linked was from a webmail application, thus it's forwarding you to log into that specific webmail account in order to access it.
02-17-2014 02:41 PM
Paystubs and a verification of employment document that your payroll/HR department completes.
02-17-2014 04:34 PM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.