I pay $121 per month on my IBR student loan repayment. Will $121 count towards the DTI or 1% of my student loans balance for an USDA loan?
Her FICO scores are 670 TransUnion, 670 Equifax, and 697 Experian. His FICO scores are 654 TransUnion, 661 Equifax and 689 Experian.
Salaries: Her: $48,000 His: $36,000 base + overtime
USDA Annual Household Income: $99,378
Adjusted Annual Income: $89,818
We are currently renting a house for $1450 per month. We have a perfect rental history and have not had any late payments on any bills for the past years.
I am trying to determine how my IBR student loan repayment will factor into the DTI amount. I pay $121 per month on my student loan. Will $121 count towards the DTI or 1% of my student loans balance?
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