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2015 USDA GUIDELINES ON WAITING PERIOD AFTER SHORT SALE
#1
USDA considers a short sale the same as a foreclosure. There is a mandatory waiting period to qualify for a USDA Loan after a foreclosure, deed in lieu of foreclosure, and short sale. Here is an article that I have written on USDA Loans after a bankruptcy, foreclosure, deed in lieu of foreclosure, and short sale on http://www.gustancho.com

http://gustancho.com/usda-loan-eligibili...uirements/
Gustan Cho, NMLS 873293
Area Manager
The Gustan Cho Team at CrossCountry Mortgage Inc. NMLS 3029
address: 425 North Martingale Road Suite 1280, Schaumburg, IL, 60173
Website https://www.gustancho.com
Direct 800.900.8569
Email gcho@gustancho.com
Facebook: https://www.facebook.com/TheGustanChoTeam/
Google+: https://plus.google.com/+GustanChoLoans
Twitter: https://twitter.com/gustancho
LinkedIn: https://www.linkedin.com/in/gustan-cho/

 
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#2
USDA Loans are different than any other loan programs because there is a maximum amount a borrower can make to qualify for the USDA Loan. If the borrower is married and the borrower is not on the loan, USDA will take the income of the spouse as household income even though the spouse is not on the loan.
 
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#3
I am currently researching USDA loans. I may be in touch for some information. I didn't realize both incomes could be counted. Good Information !
 
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#4
With USDA Loans, the household income is counted when qualifying for the USDA Loan even though the spouse is not on the USDA Loan.
Gustan Cho, NMLS 873293
Area Manager
The Gustan Cho Team at CrossCountry Mortgage Inc. NMLS 3029
address: 425 North Martingale Road Suite 1280, Schaumburg, IL, 60173
Website https://www.gustancho.com
Direct 800.900.8569
Email gcho@gustancho.com
Facebook: https://www.facebook.com/TheGustanChoTeam/
Google+: https://plus.google.com/+GustanChoLoans
Twitter: https://twitter.com/gustancho
LinkedIn: https://www.linkedin.com/in/gustan-cho/

 
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