Recently, my fico score was at a point where it was good to continue with the mortgage application for USDA 502 Direct loan. I am super happy because I have been wanting to find a new home. However, I also have an auto loan that I want to refinance because the interest rates are super high. I was told by the lady at the office where I'm getting help applying for the USDA 502 direct loan that I should be fine right now to get an eligibility letter and then in 3 months apply to refinance my vehicle. I am scared that once I submit my mortgage application and get approved then when I go in three months to apply for refinancing that I won't get approved for that because now my debt to income ratio is high. Any thoughts on this? Please help with feedback
