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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


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.
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 !
With USDA Loans, the household income is counted when qualifying for the USDA Loan even though the spouse is not on the USDA Loan.


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