When applying for a USDA loan, it is important that you calculate your income correctly. USDA loans have a maximum amount of income that is allowed in order to be eligible for the program and sometimes it can be confusing to figure out what counts and what doesn't. USDA Loan Income Calculation Guidelines The borrowers adjusted income may not exceed 115% of the U.S. median income. If Bond financing is involved, the borrowers income … [Read more...]