Did you know that USDA has a 3-month rule? USDA income limits require that spouses must be living apart for at least 3 months in order for the other spouse’s income to be excluded from consideration. Need to know more about USDA loans? Call me first!

Related Article Title: USDA – Income Requirements – Separated Borrowers:  What are the rules for a recently separated borrower regarding income eligibility? Answer: Following are the guidelines, but pay particular attention to the 3-month rule if you do not want to count the spouse’s income. Reference: HB-1-3555 Include the income of an applicant’s spouse, unless […]

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