cancel
Showing results for 
Search instead for 
Did you mean: 

USDA loan including child support

tag
CelesteR
Regular Contributor

Re: USDA loan including child support

LO Emailed me this morning and said that after all the paperwork I sent him he lowered the child support by 2/3 and my DTI is now 43% and that was fine for USDA but everything I'm seeing shows that DTI for USDA needs to be 41%. Is 43% ok with compensating factors such as I'll complete my bachelor's degree by next May?

Message 21 of 22
ShanetheMortgageMan
Super Contributor

Re: USDA loan including child support


@CelesteR wrote:

LO Emailed me this morning and said that after all the paperwork I sent him he lowered the child support by 2/3 and my DTI is now 43% and that was fine for USDA but everything I'm seeing shows that DTI for USDA needs to be 41%. Is 43% ok with compensating factors such as I'll complete my bachelor's degree by next May?


Yes, USDA can be fine with a 43% total DTI.

Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
Located in Southern California and lending in all 50 states
Message 22 of 22
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.