We are about to start the process of obtaining a usda loan. My FICO scores have gone up almost 100 pts since december (after a lot of hard work). My question is about the income limit. My wife will not be on the loan, but will be considered in the household income. For 9 years she has worked as a nurse making about $35,000 /year. I make $70,000, so that puts us over the limit by about $3,500. Well last Nov she quit and is doing some part time home health (self employed). With her new income, we make about $$90,000/year (about $9,500 under the limit). I know they will look back at the last 2 years taxes, but will they only use what she makes now, when determining our household income? We have talked to several different USDA lenders and have gotten both yes and no. Thanks for any replies.
