USDA Home Loan Income Limits By County in NC

Comments

1. Tina Clayton says

   February 9, 2017 at 9:15 am

   Will temporary overtime that makes my income go over the cap for my area cause my loan to be denied…my husband had to put in an excessive amount of overtime last year due to his company being under staffed but now they have things in place to assure that he want have to work those long hours anymore…can we get a letter of explanation for that so we want be disqualified for the USDA loan.

2. Eleanor Thorne says

   February 9, 2017 at 9:32 am

   If we can document it as an unusual circumstance, we might be ok. In addition, USDA allows us to take any un-reimbursed business expense off the income and child care..

3. lam says

   March 16, 2017 at 7:18 am

   Hi my lender is tellung me i cannot deduct my unreimbursed expense form 2106 irs.

4. Eleanor Thorne says

   March 22, 2017 at 2:13 pm

   If you are self employed then you can deduct business expenses. However, if you are a W-2 employee, you can not qualify for the limits by deducting your business expenses.

5. TANISHA EVANS says

   November 19, 2017 at 9:32 pm

   Hello, I have a question about timing…I have medium fico score 620, credit krama is lower then that, so im not sure witch to follow..

   Im shy 2 months of having 12 months consecutive car payments, january 2018..

   Do you suggest waiting two more months before looking or can I start now, knowing the 2 months will be good to go. And I will have 12 months of clean credit?

6. Eleanor Thorne says

   November 28, 2017 at 5:27 pm

   Tanisha, call us now. We would love to help. You are at the perfect place to begin looking for a home! 9196495058

7. Theresa Olavarria says

   January 28, 2018 at 12:53 pm

   I’m so ready to purchase a home. Ive been trying to clean up my credit but not sure which company to deal with that have actual reslts of doing that. I want to go through USDA. While married my ex-husband did file Chapter 13 bankrupy it was completed 7 years ago. Do I need to wait until it’s 10years ago?

8. Eleanor Thorne says

   January 30, 2018 at 2:43 pm

   Theresa, you do not need to wait 10 years, you are likely in the clear from that part of the issue now. We are not a credit company, but we help tons of folks get their credit figured out so they can buy a house! The first thing to do? Forget the past. Quit trying to work on what is already on the report, and let’s focus on what we can do to make your credit file stronger. Here are some quick tips. Again, quit worrying about what happened to your credit. It’s only about 10% of your problem (in most cases), just focus on what can be done in the next 12 months.