Jm-am, shane, Dallas, in your expertise do you see this being denied or a conditional approval to lower DTI. Would that condition include paying cards off if so I can do that no problem. I have a total revolving balance of 160. Both cards show minimum payments of 25
Chase Freedom-(1000) BOA 123-(2000) Home Depot-(4000) Discover IT-(1000) Lowes GE-(1500) Orchard Bank-(300) Regions Student Visa-(500) Best Buy Reward Zone-(500) In the garden till 4/01/2015
I just closed a Usda loan with a 46% back end 29% front end and a 640 midscore so I am not sure you should worry too much. I have no idea what waiver I would have qualified for but they never mentioned my dti. I also had a nonpurchasing spouse with government debt!! If the bank has conditionally approved Usda should approve.