ANGELO CHRISTIAN, THE HOME LOAN INSIDER
RMLO NMLS #156333 | Company NMLS #33131
RMLO NMLS #156333 | Company NMLS #33131
News: Refinance Home Mortgage Texas“Just call and listen in” to what my clients have to say.Free 24 hour pre-recorded message, Call 832 431 6331 and press ext. 1. Apply online and get a response within 24 hours. Call me right now to get help: Direct: 832.431.6331 Toll free: 1.888.202.4479 |
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USDA Press Release 9/18/2011 USDA Tightens up on Debt Ratio Credit Requirements USDA announced on Monday that they will be more selective on applicant’s debt to income ratio. Perhaps sighted by increase in loan defaults on loans made in the past which were guaranteed by the USDA. Currently the debt ratio tolerance is 41% with compensating factors up to 50% debt ratio. With more and more credit defaults and a shrinking economy its time to tighten up. Now, even a person with immaculate credit they want the debt ratio below 45% or lower to be considered for a USDA loan. This means if you have a lot of debt you should pay it off before applying for a USDA loan. |
We are approved to do Government loans. We are not a Government agency.
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