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Old 10-04-2016, 03:04 PM
 
1 posts, read 572 times
Reputation: 10

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I recently got an offer to refi at a low rate for a USDA loan.

I qualify every way, but I started a new business and my last two yrs AGI is negative.

Is that a qualifying problem? My credit score is +800 and my loan refi is about 60% LTV.

Thanks.
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Old 10-05-2016, 12:50 AM
 
Location: Southern California
4,453 posts, read 5,782,753 times
Reputation: 2220
Hard to say since the AGI is not necessarily used.
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Old 10-05-2016, 04:42 PM
 
3,806 posts, read 8,302,052 times
Reputation: 4948
Quote:
Originally Posted by gaggrouper View Post
I recently got an offer to refi at a low rate for a USDA loan.

I qualify every way, but I started a new business and my last two yrs AGI is negative.

Is that a qualifying problem? My credit score is +800 and my loan refi is about 60% LTV.

Thanks.
The USDA Streamlined-Assist Refinance is the loan you seek.
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