Thinking about getting a 30-year fixed-rate mortgage? Good idea. This granddaddy of all mortgages is the choice of nine out of every 10 home.

Unlike other loan programs, the USDA home loan imposes a cap on the total cumulative income earned by all members of a household. Income for each member of the household is taken into consideration into the USDA income cap even if the members of the household are not on the loan.

Impac Mortgage Corp. offers No Income No Employment loans ("Asset Qualification Loans"). Planet Home Lending announced the addition. Effective October 13, NewLeaf updated its USDA guidelines to add.

Categories: USDA Loans

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