Help! USDA guaranteed loan income question!

Help! USDA guaranteed loan income question!Help! USDA guaranteed loan income question!
NikkiTut asked 4 years ago

okay, I’m all ready to go to underwriting today and I get this email from LO:

“But my processor just brought to my attention that we have your VOE (Verification of Employment) and on their it shows you receiving bonuses in 2013, 2014, and also this year. It looks like you make too much money to go USDA. I’m waiting on her to confirm this.”

I’m confused…limit for the county we are buying in is 77,650 and my past 3 years look like this:

2013 – 74,329 (salary+bonus)
2014 – 86,078 (salary+bonus)
2015 – 74,940 (salary walked out for the year plus yearly bonus already paid out)

Am I missing something here? Will the 1 year (2014) keep me from the USDA route?

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