Exceptions for USDA RD with 620 mid???

[Anonymous]

My loan is still going through underwriting with TBW.......Does anyone think USDA will make an exception for me having a slightly high DTI of 43% versus 41%??....This is very nerve racking!!

[Anonymous]

There's a good chance of it. How close will your mortgage be to what your housing costs now?

[Anonymous]

actually my mortgage will be slightly cheaper say $100-$200 cheaper per month than i was renting for.....

[Anonymous]

Then as long as your credit and income look good, I think you'll be able to do that without any problem. They'll want to see a rent history of some sort, either through cancelled checks or an inquiry with your landlord, but if you're consistently paying on time and would be reducing your housing cost, they should like that.