USDA Financing

August 25th, 2009 by admin

¨ Have a credit history that indicates a reasonable willingness to meet obligations as they become due;

¨ Have repayment ability based on the following ratios: Principle, Interest, Taxes, and Insurance (PITI) divided by gross monthly income must be equal to or less than 29 percent. Total debt divided by gross monthly income must be equal to, or less than, 41 percent.