usda loan- 620 vs 660 scores

[buyhouse36]

I hear you get an additional waiver of some sort if your scores are over 660. Does anyone know anything about this??

[Anonymous]

 At 660 you can get a dti ratio waiver without any additional compensating factors.

Here...

http://www.rurdev.usda.gov/CA/pdf%20files%20and%20documents/GRH%20UNDERWRITING%20GUIDEL.pdf

[WannaHouse]

http://www.rurdev.usda.gov/CA/pdf%20files%20and%20documents/GRH%20UNDERWRITING%20GUIDEL.pdf

Qualifying ratios are 29/41; however, higher ratios considered with strong compensating factors as good credit scores (660+), stable employment history, potential for increased earnings, and ability to save.

Message Edited by WannaHouse on 03-13-2009 09:58 PM