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Has any broker pushed a USDA loan through for an individual who just barely too much income? <$2000

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August 26 - Mashpee
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No, you can't push through a USDA loan that has too much income. All loans eventually go through the Utah SLC office for Rural Housing. Even if you found an underwriter that could make an exception and stretch it the SLC Rural Housing office will turn it down before funding.
The key is to understand how RDA calculates income. There are several deductions that can be considered which may put your client in a position to qualify. You can find an easy to read chart here. How to calculate income for USDA Rural Development home loans.  
Unlike any other loan, when calculating the maximum income USDA will take an estimated future income. If there is potential for future earning through bonuses/overtime so watch out for that especially when you are near the maximum.  
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August 26
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Not that I am aware of.  Lenders tend to stick to those income limits.  Maybe your buyers could look into a different area with a slightly higher income limit that they would fall under.
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August 26
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Nope.
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August 26
 

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