Student Loans and USDA Guaranteed

[jaylynn30]

Hello all!

I recently came across a change to the way USDA calculates student loan payments in regard to DTI. Starting September of 2019 it looks to be .5% of the balance instead of 1%. I've included a link to where I found this below. Has anyone had experience with a lender implementing this yet? 

https://content.govdelivery.com/accounts/USDARD/bulletins/26142f4

[kc0039]

All lenders will use this as soon as this rule is in effect, barring any overlays.

[jaylynn30]

That's great to hear! Thank you for your response! 

[homeloanexpert]

You are correct for USDA RDL. Temporarily it's the higher of .5% or actual payment that appears on your credit report,