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RD Loan Question
Posted on 3/18/12 at 9:38 pm
Posted on 3/18/12 at 9:38 pm
Does anyone know if RD uses a certain calculation to figure your yearly income or do they simply take your gross and divide by how many weeks into the year we in and multiply it by 52?
1
Posted on 3/19/12 at 7:55 am to blades8088
They use your most recent w-2 statements and paychecks IIRC. They also require all current credit statements and bank information like standard loans.
I remember being questioned about some overtime I had received because I was so close to the limit, so I waited a week and gave them a paycheck without any overtime on it.
I remember being questioned about some overtime I had received because I was so close to the limit, so I waited a week and gave them a paycheck without any overtime on it.
This post was edited on 3/19/12 at 7:57 am
Posted on 3/19/12 at 5:27 pm to seawolf06
Well i figured they would go off of past W-2s but for some reason the loan officer said she only needs my year to date and she punches numbers and comes up with it. I was seeing if anyone had the calculation so i could figure where im gonna be in a couple months
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