USDA Mortgage Income Calculation Explained

[@JenniferBeeston]

USDA mortgage questions grab a time here calendly.com/d/4x6-w3n-5gp/usda-q-a USDA site eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=rbs

[@darinthompson7273]

Thank you 😊

[@Trinkem]

Me and my wife are for sure scheduling a call in February. We have done our research after watching your videos-fantastic and very informative, and I think we have a strong possibility to qualify. Thank you for doing an amazing job by giving great detail on things.

[@sandycalame]

I can't get over what a great program this is. Thanks Jen for all of the information you share on this! It can feel intimidating at first but call and let's talk through it. It could be the tool you need to reach your dream this year!

[@magatsheni]

O I need to go read more on USDA loans, lots of learnings for me to do. Thankyou so much, you make it very practical.

[@JenniferBeeston]

Glad it was helpful!

[@ramosusarmy]

Thank you, Ma'am

[@JenniferBeeston]

happy to help:)

[@TaylorMadeLLT]

you make the best videos

[@JenniferBeeston]

Thank you!

[@MinhTucson]

Thank you ❤

[@JenniferBeeston]

Happy to help:)

[@digimodelseth]

beautiful flowers

[@JenniferBeeston]

Yes flowers make everything better always

[@YouTubetail]

Hi 😊

[@JetScreamer_YT]

Can an HOA payment be considered as a credit debt? Also, should I stop using my credit cards? I pay in full the next month. I like to use cards for the rewards, as small as they may be. Thanks for this video. I've talked to a few realtors and this option never comes up from them. So I wrote it direct letter to my local office.

[@jenjen5184]

Are you familiar with fha single construction loans? If so are you thinking of making a video on it?

[@JenniferBeeston]

I do not do FHA single construction loans. That’s why I have not done a video on it.

[@russlea6383]

I must say, you're looking rosy today.

[@JenniferBeeston]

good one Russ!

[@darinthompson7273]

Hi Jennifer, When looking for a home,on the home sites do you look for homes that offer USDA or other offerings like FHA,conventional or others, thank you Darin

[@JenniferBeeston]

I would look at all homes.

[@darinthompson7273]

@@JenniferBeeston okay thank you,you're great

[@TheDuqe]

Hello Jennifer, If I have a choice between the USDA and VA loans both with 0 down...which loan do you suggest I go for? thank you

[@JenniferBeeston]

VA all day every day. VA is tough to beat

[@rebeccastratton8718]

What about a 38%? Debt to income

[@JenniferBeeston]

For the back end debt to income that’s fine. Front end is supposed to be about 29%. Sometimes it can push a touch higher. Front end is projected housing payment be gross income. Back end is projected housing payment + min monthly payments on credit report vs gross income.

[@ekaterinahagen8767]

Is USDA only for first time home buyers?

[@JenniferBeeston]

No, but you cannot currently own any other properties

[@dfiant5846]

How much can you borrow for USDA???

[@JenniferBeeston]

Based on debt to income

[@dfiant5846]

@@JenniferBeeston Ok! I thought they had a max out amount like FHA does. Thank you for the reply

[@JenniferBeeston]

@@dfiant5846 the front end dti always caps it. It’s a really cool program.

[@JonahThearchitect]

What is a the front end for a conventional?

[@JenniferBeeston]

Conventional will generally go to 43 on the front without an issue

[@JonahThearchitect]

@@JenniferBeeston thank you