Browsing Posts in USDA Loan Information

  USDA Mortgages and Student Loans, What You Need To Know   STUDENT LOANS AND DEBT-TO-INCOME RATIOS:  Income Based Repayments and Deferred loans   Student loans are long term liabilities that must be included in the debt ratio calculation per USDA Mortgage Instruction 1980-D, section 1980.345(c).  Because some student loans are not on fixed payment […]

USDA Purchase

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What is a USDA Mortgage? USDA, it isn’t just for that prime steak you’re looking to throw on your BBQ. It stands for United States Department of Agriculture. How does that have anything to do with a mortgage? A USDA Mortgage provides low-cost, low rate, insured home mortgages for people who want to become home […]