USDA RD loan underwriting with no verification of rent

If you are doing a manual underwrite on a USDA loan, they do want to see a rental history. But, if you do not have a rental history, it is not a requirement to approve or deny a loan in and of itself. For USDA loans in MN, WI, and SD, visit www.JoeMetzler.com/usda

I think you are way over thinking this... and it isn't anywhere near the issue you believe it is. A letter of explanation should suffice in your case.

So your housing expense is covered by her tuition or is the housing expense paid by your wife out of her student loans. If it is absolutely required, a detailed letter of explanation and a transaction history from the university showing rent/housing payments made on your unit should work if paid directly by your wife. If paid out of tuition, I would think a letter of explanation and a tuition bill showing housing is included should satisfy the underwriter.

From my experience with RD in Montana-if you pay a property management company-we would get a written verification of rent. If you pay an individual-RD wants to see 12 months rent checks. This could be moot if the RD underwriting system does not ask for verification of rental history. You won't know if you get to slide on this issue until the loan or pre-qualifiction is run the GUS (RD's underwriting system).