No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I am looking to apply for a mortgage in the near future and would really like to go with a USDA loan. Problem is with my overtime pay calculated in, my income is too high to qualify. How does USDA factor in over time pay??
By the way I am shooting for USDA guaranteed. I don't know if that makes a difference or not
It is always the highest amount for household income so even if the money cannot be used for eligibity they will count it when it comes to the max allowed.
Bacially if you make it they will count it -
Right after responding I received a link for the new limits - maybe your state was one that changed
here is a link to the new household income limits
http://www.rurdev.usda.gov/hsf-guar_income_limits.html
For some reason the link is not working. It's taking me to outlook mail log in.
So basically even if the over time is not guaranteed they will count it.
sorry about the link - not sure what happened?
Yes for the income limits they will look at what was made regardless of what is guaranteed
B
Just copy & paste the URL rather than clicking on it. It appears the URL that Brian linked was from a webmail application, thus it's forwarding you to log into that specific webmail account in order to access it.
http://www.rurdev.usda.gov/hsf-guar_income_limits.html is the direct link.
Thanks!
One more question... do they use w2's to determine income or check stubs?
Paystubs and a verification of employment document that your payroll/HR department completes.