Sep 14

12

What Are The Qualifications For A USDA Rural Energy Plus Loan?

Did you know that a USDA Rural Energy Plus Loan is available for those who purchase energy efficient homes?

 Today’s topic is very unique, because we are going to cover how to qualify for a USDA Rural Energy Plus Loan and the benefits it can provide when purchasing a home.

What kinds of homes qualify for a Rural Energy Plus Loan? Well…

New homes must be built to meet the 2006 IECC (the International Energy Conservation Code) or meet with a comparable code.

 

Existing homes that meet or are retrofitted to meet the 2006 IECC or comparable code are also eligible. Typically an energy audit, home inspection or other acceptable documentation will determine the home meets the applicable code.

 

The lender must certify the home meets the 2006 IECC or comparable code, and once confirmed, it will allow the applicant to expand the USDA qualifying ratios to the following:

Currently USDA published debt ratios are 29% for housing and 41% for total expenses (29%/41%). However, when purchasing with a USDA Rural Energy Plus Loan it will allow expanded debt ratios to 31%/43% without the need for a Debt Ratio Waiver.

Qualifying for a USDA home loan can be both difficult and overwhelming, but when you work with a lender that specializes and understands the USDA loan process, it is a match that can open the door to homeownership.

USDA Blueprint for Success

If you are looking to purchase a home within the next 6 months download your free USDA Blueprint for Success! This is a great educational resource for both buyers and Realtors.

For more immediate scenarios, click here to get pre-qualified for a USDA mortgage today!

So, keep us in mind for your next pre-qualification or if you have a current transaction experiencing financing difficulty and need an expert opinion.

Just call or email to discuss your scenario and let us show you the “Metroplex” difference!

Questions? Contact Us Here.

Toll Free: (800) 806 – 9836 Ext. 280

And don't forget, we are known for returning calls, replying to your emails, and responding to voice mails.

Please remember that mortgage requirements are constantly changing so stay current and up to date by subscribing on the right for future video tips.

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Posted in USDA FAQs

Sep 14

5

How do you qualify for a USDA loan with Income Based Repayment student loans?

How do you qualify for a USDA Loan if you have Student Loans on an Income-Based Repayment Plan?

With more and more home buyers either recently graduating or going back to school, understanding the requirements to qualifying for a USDA loan while on an income-based repayment plan is critical.

I recently saw an Equifax report that discussed the difficulties students are experiencing when trying to qualify for a mortgage with student loan debt. With more and more prospective first time home buyers entering the market, that reminded me of the importance of today’s topic.

Under current guidelines, when trying to qualifying for a USDA loan with Income Based Repayment student loans, IBR payments of $0 are not eligible to be used in the debt ratio. The applicant must provide documentation of the IBR payment plan from the loan servicer and the following calculations will apply:

  1. If the IBR payment is less than $100 and 1% of the total loan balance is more than $100, a minimum payment of $100 must be included in the debt ratios.
  1. If the IBR payment is less than $100, and 1% of the total loan balance is less than $100, a minimum payment of 1% of the loan balance must be included in the debt ratios.
  1. If the current IBR payment is over $100, use that payment amount in the debt ratios.

However, be prepared, because the previous IBR guidelines and the flexibility with how they could be calculated are being removed.

Qualifying for a USDA home loan can be both difficult and overwhelming, but when you work with a lender that specializes and understands the USDA loan process, it is a match that can open the door to homeownership.

USDA Blueprint for Success

If you are looking to purchase a home within the next 6 months download your free USDA Blueprint for Success! This is a great educational resource for both buyers and Realtors.

For more immediate scenarios, click here to get pre-qualified for a USDA mortgage today!

So, keep us in mind for your next pre-qualification or if you have a current transaction experiencing financing difficulty and need an expert opinion.

Just call or email to discuss your scenario and let us show you the “Metroplex” difference!

Questions? Contact Us Here.

Toll Free: (800) 806 – 9836 Ext. 280

And don't forget, we are known for returning calls, replying to your emails, and responding to voice mails.

Please remember that mortgage requirements are constantly changing so stay current and up to date by subscribing on the right for future video tips.

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Posted in USDA News

Aug 14

29

USDA Update: Important Info On The New USDA Guidelines

Did you know that the USDA Guideline updates scheduled for September 1st (coincidentally Labor Day!) are postponed until December 1st 2014?

Now that we have a few more months to prepare, I wanted to make sure that everyone was up to speed on a few key upcoming changes that will benefit homebuyers and allow more potential properties to be eligible for USDA 100% financing.

A couple weeks back, I sent out an email that went into the details of the new USDA Area Eligibility Maps. As a reminder, this map will become effective on all applications received by USDA after October 1. Please note, the loan does not have to close by October 1st, USDA just needs to be in successful receipt of the loan file prior to 10/1/14.

However, just recently I have heard news that certain areas impacted may be under reconsideration to retain their USDA eligible area status. As of today, we do not have any more specifics to share, but will provide the details as they become available.

For your convenience I have included a previous post which provides instruction on how to search for eligible areas.

Now with regards to the actual guideline changes that are part of the new 7 CFR 3555 which will be effective 12/1/14 please note the following:

First off, all of us will be glad to hear that the previous restrictions regarding in-ground pools is being removed! Once these guidelines are effective, properties with in-ground pool homes will not be held to additional USDA financing limitations. This is really great news!

A second main highlight change is that the 30% limitation on the land to total property value is being removed as well, this will provide the potential for more flexibility with properties of higher acreage.

Remember, these are only a few of the changes that will be taking place, so make sure you keep an eye out for any future videos on this important topic!

Qualifying for a USDA home loan can be both difficult and overwhelming, but when you work with a lender that specializes and understands the USDA loan process, it is a match that can open the door to homeownership.

USDA Blueprint for Success

If you are looking to purchase a home within the next 6 months download your free USDA Blueprint for Success! This is a great educational resource for both buyers and Realtors.

For more immediate scenarios, click here to get pre-qualified for a USDA mortgage today!

So, keep us in mind for your next pre-qualification or if you have a current transaction experiencing financing difficulty and need an expert opinion.

Just call or email to discuss your scenario and let us show you the “Metroplex” difference!

Questions? Contact Us Here.

Toll Free: (800) 806 – 9836 Ext. 280

And don't forget, we are known for returning calls, replying to your emails, and responding to voice mails.

Please remember that mortgage requirements are constantly changing so stay current and up to date by subscribing on the right for future video tips.

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Posted in USDA FAQs

Aug 14

22

Can You Qualify For A USDA Home Loan With High Debt Ratios?

So, what if you found that perfect home, but your bank or lender says your debt ratios are too high to qualify for a USDA loan?

Because of the uniqueness of USDA Rural Home Loans, the guidelines are quite different from what is traditionally found with FHA or Conventional. With that being said, many times I see banks and lenders provide advice that may be well intentioned, but unfortunately is simply not accurate.

Here are important highlights that can help with a homebuyer’s qualifying:

  • USDA Published guidelines for debt ratios are 29% for housing and 41% for total overall expenses. However, when utilizing the GUS underwriting system and the response is an “Accept”, those debt ratios are considered eligible. The one exception would be in the case of a manual underwriting downgrade which would eliminate the ability for automated processing and those associated benefits.
  • Installment accounts with 6 months or less remaining may be removed from the debt ratio calculation completely.   This guideline does not apply to revolving accounts such as credit cards. Please be advised that the payment may continue to be included in the debt ratio at the discretion of the lender’s underwriter.
  • What about paying off debt during the loan process? For example, what if funds are available to pay off either a credit card or installment account after a contract has been signed and the loan is in process? This can be permitted, but please note that many lenders have specific overlays on this topic and may not allow accounts to be paid off after application has been made. Metroplex Mortgage Services will permit accounts to be paid off as part of the application process and prior to closing. Please remember that all funds used to pay off accounts must be documented from an eligible source.

Join our LinkedIn group!

Qualifying for a USDA home loan can be both difficult and overwhelming, but when you work with a lender that specializes and understands the USDA loan process, it is a match that can open the door to homeownership.

USDA Blueprint for Success

If you are looking to purchase a home within the next 6 months download your free USDA Blueprint for Success! This is a great educational resource for both buyers and Realtors.

For more immediate scenarios, click here to get pre-qualified for a USDA mortgage today!

So, keep us in mind for your next pre-qualification or if you have a current transaction experiencing financing difficulty and need an expert opinion.

Just call or email to discuss your scenario and let us show you the “Metroplex” difference!

Questions? Contact Us Here.

Toll Free: (800) 806 – 9836 Ext. 280

And don't forget, we are known for returning calls, replying to your emails, and responding to voice mails.

Please remember that mortgage requirements are constantly changing so stay current and up to date by subscribing on the right for future video tips.

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Posted in Florida USDA loans, Texas USDA Loans, USDA FAQs

Aug 14

14

Can you purchase the home you are renting with a USDA loan?

As more and more renters transition into looking to purchase a home, this is becoming a common question and today’s short video tip will go over the details and how to be prepared. This topic is excellent for any property manager, landlord, Realtor, or homebuyer.

By the way, don’t forget to sign up for our USDA Real Estate Network LinkedIn Group. It is now open to both home buyers and Realtors. The group is designed as a way for Buyers and Real Estate Professionals to network, connect, and to help market your USDA area eligible listings.

Join our LinkedIn group!

So, how can you purchase the home you are renting with a USDA loan?

As we know, USDA loans offer high flexibility and are sought after by consumers, but they can also help you purchase the home you are renting and take advantage of 100% financing.

In this situation, the nice part is that since you are purchasing the home you already live in, now we can focus on the qualifying aspect. Let’s get started by reviewing rental history first.

  • Is your landlord a private owner or is it through a property management company or Real Estate brokerage handling the rental management?

This is important, because when verification of rental history is required, documentation from a company managing the rental hold more weight and strength with the approval process compared to a private landlord verification.

  • Do you pay rent by check, cash, or money order?

I know you have heard me say this many time in the past, but paying by check is by far and away the most concrete form of rental verification – especially if paying to a private landlord.

Next on the list, would be minimum credit scores required. Currently the minimum qualifying credit score is 640 for automated approval processing and we can work with scores down to 620 under manual underwriting guidelines.

However, in addition to scores we are looking for established payment histories to document the overall credit reputation of the buyer. In this case, we are looking for how many accounts have been open, active, and paid on time for at least 12 months.

Remember, in cases where accounts are not reporting on the credit report, USDA guidelines will also permit for the verification of non-traditional account references such as Cable, Electric, Water, and Phone bills for example.

Next on the qualifying checklist will be employment history. Guidelines will require earnings to be adequate and dependable and we will need to document a 2 year work history to support qualifying ratios. Please remember that while at least 2 years on the same job is preferred, it is not a requirement. Documenting a stable 2 year work history will take into consideration any job gaps of over 30 days along with trends of having inconsistent job history or short term employment in various fields. If inconsistent job history is the case, be prepared to build towards the future once an established dependable work history has been earned.

Qualifying for a USDA home loan can be both difficult and overwhelming, but when you work with a lender that specializes and understands the USDA loan process, it is a match that can open the door to homeownership.

USDA Blueprint for Success

If you are looking to purchase a home within the next 6 months download your free USDA Blueprint for Success! This is a great educational resource for both buyers and Realtors.

For more immediate scenarios, click here to get pre-qualified for a USDA mortgage today!

So, keep us in mind for your next pre-qualification or if you have a current transaction experiencing financing difficulty and need an expert opinion.

Just call or email to discuss your scenario and let us show you the “Metroplex” difference!

Questions? Contact Us Here.

Toll Free: (800) 806 – 9836 Ext. 280

And don't forget, we are known for returning calls, replying to your emails, and responding to voice mails.

Please remember that mortgage requirements are constantly changing so stay current and up to date by subscribing on the right for future video tips.

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Posted in USDA Advantages, USDA FAQs

Aug 14

8

USDA UPDATE: Will your area be eligible under the new USDA maps?

With the USDA Eligibility Updates right around the corner, now is the time the check your area. How are you able to check for new future eligibility? Today’s video tip will walk you through the website step by step to explain how to check for the future USDA eligible areas. This is great information for both Realtors and Homebuyers.

As a reminder, all USDA applications received starting October 1st 2014 will be subject to the new area eligibility maps based on data provided by the 2010 census data and with the new rural definition as updated in the 2014 Farm Bill.

And just to let everyone know, I’ve started a new LinkedIn network entitled: “USDA Real Estate Network”. This group is designed as a way for buyers and real estate professionals to network, connect and share ideas. It also provides a way to stay in the loop on mortgage and real estate trends along with the latest updates on USDA Home Loans. If you would like to join click here- LinkedIn USDA Real Estate Network.

Here’s 3 and easy steps to find the future eligible areas online:

Step 1: Go to the Homepage of the USDA Eligibility Site.

Step 2: On the left hand side scroll down and click “Future Eligible Areas” and click “Accept”

Step 3: In the search box, you can type in a specific address or be more general with a zip code, city or state for an overview of eligible areas. Once the area is found, you can then review for the future eligible area changes and how it may impact certain markets.

Remember these changes will be with all USDA applications received October 1, 2014.

Now is the time to act!

As a USDA approved lender, Metroplex Mortgage Services offers expertise and experience with USDA loans and we are glad to help!

Qualifying for a USDA home loan can be both difficult and overwhelming, but when you work with a lender that specializes and understands the USDA loan process, it is a match that can open the door to homeownership.

USDA Blueprint for Success

If you are looking to purchase a home within the next 6 months download your free USDA Blueprint for Success! This is a great educational resource for both buyers and Realtors.

For more immediate scenarios, click here to get pre-qualified for a USDA mortgage today!

So, keep us in mind for your next pre-qualification or if you have a current transaction experiencing financing difficulty and need an expert opinion.

Just call or email to discuss your scenario and let us show you the “Metroplex” difference!

Questions? Contact Us Here.

Toll Free: (800) 806 – 9836 Ext. 280

And don't forget, we are known for returning calls, replying to your emails, and responding to voice mails.

Please remember that mortgage requirements are constantly changing so stay current and up to date by subscribing on the right for future video tips.

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Posted in USDA Eligible Areas

Aug 14

1

How does a first time home buyer qualify for a USDA loan?

USDA Home Loans are sought after by First Time Home Buyers and today’s video tip will keep you in the know about key points on how to qualify for a USDA loan.

Before we get started, here are a few of the benefits which many first time home buyers seek out in USDA loans:

*100% Financing.

*USDA loans offer the Ability to finance out of pocket settlement charges in cases when the appraised value is higher than the sales price.

*No maximum loan limits. Mortgage amounts are determined by loan qualifying, thus not restricting qualified applicants by setting loan limits like FHA or Conventional.

*Flexible credit qualifying.  While minimum credit conditions are required, exceptions can be made for certain situations with previous adverse credit.

So How do First Time Home Buyers qualify for a USDA Loan?

The subject property being purchased, must be located in an approved USDA Rural     Development area.  There are no exceptions to this policy.  Eligible areas can vary per county, so be aware when planning to look for homes.

There are income limitations based on family household size.  Remember that USDA loans take into account income from all family household members, not just who is on the loan.  This can be complicated, so contact us for any specific questions.

USDA eligible areas and income limits can be found directly at the USDA website.

Minimum credit qualifying required.  Automated approvals through the GUS underwriting system start at a minimum credit score of 640, and we are able to offer manual underwriting with scores down to 620.

Please note that credit scores do not guarantee approval and further review must be done to establish the applicant’s credit reputation.  Minimum requirements are to document at least 3 acceptable trade line payment references which have reported for at least 12 months .

These may be verified through a credit report or through the use of manually verifying non-traditional accounts such as water, electric, or telephone bills for example.

Verification of rent is not always a requirement, but being able to document housing payment history can go a long way towards loan approval.  Remember that while paying in cash may be convenient, traditional forms of rent are done through cancelled checks along with apartment complex or management company verifications, and in some cases money order receipts.

Being able to document that a homebuyer has funds in reserve after closing is always a positive.  Being able to document a responsible savings pattern and show funds in a checking, savings, or 401K account help to support and strengthen USDA loan qualifying.

Lastly, remember to forward and share this video to any buyers looking to purchase a USDA loan and have them download our USDA Blueprint for Success with the link below.  This will walk them through the process step by step and is also a good resource for any Realtors.

Qualifying for a USDA home loan can be both difficult and overwhelming, but when you work with a lender that specializes and understands the USDA loan process, it is a match that can open the door to homeownership.

USDA Blueprint for Success

If you are looking to purchase a home within the next 6 months download your free USDA Blueprint for Success! This is a great educational resource for both buyers and Realtors.

For more immediate scenarios, click here to get pre-qualified for a USDA mortgage today!

So, keep us in mind for your next pre-qualification or if you have a current transaction experiencing financing difficulty and need an expert opinion.

Just call or email to discuss your scenario and let us show you the “Metroplex” difference!

Questions? Contact Us Here.

Toll Free: (800) 806 – 9836 Ext. 280

And don't forget, we are known for returning calls, replying to your emails, and responding to voice mails.

Please remember that mortgage requirements are constantly changing so stay current and up to date by subscribing on the right for future video tips.

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Posted in USDA FAQs

Jul 14

25

Do you know what “Payment Shock” is and how it can affect USDA loan qualifying?

Today’s topic is important for both First Time Home Buyers and previous owners that are re-entering the purchase market. Today’s video tip will discuss and explain how payment shock can affect USDA loan qualifying?

Payment shock is the difference between your current housing expense and what the new housing expense will be.

For example, if you are renting then we would compare what your current rental payment is versus your new mortgage payment which would include monthly amounts for your Principle and Interest, Property Taxes, Homeowner’s Insurance, USDA monthly premium, and any maintenance or association type fees.

Remember, even though fees such as HOA or Special Maintenance, of Community costs will not normally be included within an escrow account, they still have to be counted towards both debt ratios and the payment shock calculation.

Payment shock is a risk layer that underwriters will review and take into consideration during the loan approval process and it is calculated by diving the new total housing expense by the current rental payment.

Payment shock can be a factor on any loan that goes above the USDA published guideline for housing expense which is currently 29% of an applicant’s gross monthly qualifying income.

In the case of a First Time Home Buyer who is trying to qualify for a USDA loan, but may live at home rent free any new mortgage payment will be at 100% payment shock since you are going from NO verifiable rent history to a new mortgage payment.

Now let’s take a look at another example to help illustrate:

Mr. & Mrs. Smith have been renting for the past year, always pay their rent by check, and the current monthly amount is $700. They home they have found will have a new total monthly housing expense of $850 .

1. Take the new housing expense of $850
2. Divide by current rental payment: $700 = 1.214
3. Then subtract “1”: 1.214 -1 = .214
4. .214 = 21.4%

OK, I know what you may be thinking, what happens when the new mortgage payment will actually be lower than the current rent.

In this case you have a situation where there is actually NEGATIVE payment shock. As you can imaging, to be able to show you have consistently paid rental payments that are higher than your new mortgage payment, that is a tremendous positive factor to be considered towards the USDA approval process.

As I have mentioned many times before, in order to get credit for either low, no, or negative payment shock we must be able to actually verify rental payment history. This can be done through cancelled checks or verification by either a management company or apartment complex. Paying rent by cash, especially to a private landlord it not customarily an accepted way to verify rental payment history.

Remember to not let these details overwhelm you, because that is where we come in to help. As a USDA approved lender, Metroplex Mortgage Services holds an expertise in this unique program and can walk you through the USDA qualifying process step by step.

Qualifying for a USDA home loan can be both difficult and overwhelming, but when you work with a lender that specializes and understands the USDA loan process, it is a match that can open the door to homeownership.

USDA Blueprint for Success

If you are looking to purchase a home within the next 6 months download your free USDA Blueprint for Success! This is a great educational resource for both buyers and Realtors.

For more immediate scenarios, click here to get pre-qualified for a USDA mortgage today!

So, keep us in mind for your next pre-qualification or if you have a current transaction experiencing financing difficulty and need an expert opinion.

Just call or email to discuss your scenario and let us show you the “Metroplex” difference!

Questions? Contact Us Here.

Toll Free: (800) 806 – 9836 Ext. 280

And don't forget, we are known for returning calls, replying to your emails, and responding to voice mails.

Please remember that mortgage requirements are constantly changing so stay current and up to date by subscribing on the right for future video tips.

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Posted in Realtor Tips, USDA FAQs

Jul 14

18

Are Closing Costs Included With A USDA Loan?

This is a very common question that we receive at Metroplex Mortgage Services, and in today’s video tip we will cover the details about how a USDA loan can offer flexibility with closing costs and help reduce out of pocket expenses.

USDA loans offer the benefit of 100% financing, or no Down Payment.  However, that should not be confused with No Money out of pocket.

When you are buying a home, there are customarily 2 sets of out of pocket expenses:  Your Down payment and Settlement Charges otherwise known as closing costs.

With 100% financing, USDA loans eliminate the need for a down payment, but that does not have anything to do with closing costs.

USDA loans provide for the ability to finance closing costs into the loan.  However,  In order to finance closing costs, the home must appraiser for more than the purchase price you have agreed to.  This feature is unique to USDA loans, and not available with conventional, FHA, or VA programs.

Examples of what charges could be financed with a USDA home loan are:

  1. Closing Costs such as Title Charges, Loan Costs, Survey, Recording Fees, etc.)
  2. Pre-Paid Items such as your Escrow Accounts, Homeowner’s Insurance Premium, and Pre-paid Interest.

For example, if your sales price is $100,000 and the appraiser determined the value of the home at $103,000, then the loan amount could increase up to the appraised value and include $3,000 of out of pocket settlement charges.

The one exception to this rule is for the 2% USDA Guarantee fee, which can always be financed into the loan amount regardless of the appraisal.

As always, the buyer can contribute their own funds at closing or if possible can also negotiate for the seller to pay up to 6% of the sales price towards a buyer’s settlement charges.

When trying to finance closing costs, it is important to remember that there is no guarantee of what the home will appraiser for so be sure not to put all of your eggs in one basket and hope for the best.

If you do need assistance with closing costs, it is critical to address this upfront with both your mortgage professional and Realtor – before a sales contract has been written.

As a summary, USDA loans do not automatically include customary out of pocket settlement charges, but through a combination of the buyer’s own funds, possible seller concession, and the ability to finance closing costs it allows for flexibility when budgeting for out of pocket expenses.

Qualifying for a USDA home loan can be both difficult and overwhelming, but when you work with a lender that specializes and understands the USDA loan process, it is a match that can open the door to homeownership.

USDA Blueprint for Success

If you are looking to purchase a home within the next 6 months download your free USDA Blueprint for Success! This is a great educational resource for both buyers and Realtors.

For more immediate scenarios, click here to get pre-qualified for a USDA mortgage today!

So, keep us in mind for your next pre-qualification or if you have a current transaction experiencing financing difficulty and need an expert opinion.

Just call or email to discuss your scenario and let us show you the “Metroplex” difference!

Questions? Contact Us Here.

Toll Free: (800) 806 – 9836 Ext. 280

And don't forget, we are known for returning calls, replying to your emails, and responding to voice mails.

Please remember that mortgage requirements are constantly changing so stay current and up to date by subscribing on the right for future video tips.

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Posted in USDA FAQs, USDA Loan CLosing Costs

Jul 14

16

Highlands County Ship Funds Update!

During a recent call with Lucy at the housing office, she informed me that the SHIP program recently received $870,000 in new funding. This is great news for both Realtors and all eligible Highlands County first time homebuyers.

Since I receive questions about the Highlands County SHIP program often, so I thought it would be a good time for a quick review of the benefits.

SHIP stands for the State Housing Initiative Partnership Program which provides down payment assistance to very low, low and moderate income households, and is available through the Highlands County Housing Department.

Here are a few key points about SHIP qualifying:

  • Eligible applicants must be first time homebuyers
  • Funding is on a first come, first serve basis while funds are available
  • Properties may be purchased anywhere within the Highlands County area
  • Manufactured homes are NOT permitted
  • The current maximum sales price is set at $189,682

The SHIP Funds Program requires monthly payments for:

  • 20 years on amounts less than $10,000, or…
  • 30 years on amounts $10,000 and greater,
  • Up to a maximum of $15,000 in funding

Remember that the Highlands County Housing Office will determine the final award amount.

A few other requirements for the SHIP Funds Program consist of:

  • An acceptable home inspection reviewed by the Housing Office
  • First Time Home buyers must successfully complete a Home Buyer Education Course and provide a Certificate of Completion.
  • One eligible provider is www.homebuyerfunds.com which offers free online education courses. Check the link below for more details.
  • Minimum cash contribution will be required from the buyer that ranges from $750 to $1200 depending on income bracket.

Please note that income limits are determined as a result of total family household income.

For your convenience, here are the income limits from the most updated income chart as provided by the housing office.

INCOME LIMITS ADJUSTED TO FAMILY SIZE: January 28, 2014

CHART
Now that we have covered the basics, remember that we are one of the most experience lenders with SHIP Funds and are able to process those applications side by side with their first mortgage. Also, when combined with the USDA program, it can be a powerful combination which helps down the path towards affordable homeownership.

I appreciate all of the homebuyers we have been able to help through the Highlands County SHIP program and my entire team is looking forward to many more while funding is available.

Thank you for the continued referrals and remember to just call or email to discuss your scenario, and let us show you the Metroplex difference!

Let’s make it a great day, and I look forward to seeing you right here for the next tip of
the week.

Qualifying for a USDA home loan can be both difficult and overwhelming, but when you work with a lender that specializes and understands the USDA loan process, it is a match that can open the door to homeownership.

USDA Blueprint for Success

If you are looking to purchase a home within the next 6 months download your free USDA Blueprint for Success! This is a great educational resource for both buyers and Realtors.

For more immediate scenarios, click here to get pre-qualified for a USDA mortgage today!

So, keep us in mind for your next pre-qualification or if you have a current transaction experiencing financing difficulty and need an expert opinion.

Just call or email to discuss your scenario and let us show you the “Metroplex” difference!

Questions? Contact Us Here.

Toll Free: (800) 806 – 9836 Ext. 280

And don't forget, we are known for returning calls, replying to your emails, and responding to voice mails.

Please remember that mortgage requirements are constantly changing so stay current and up to date by subscribing on the right for future video tips.

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Posted in USDA FAQs


Sean Stephens

Metroplex Mortgage Services

Contact Me Here
Toll Free: (800) 806-9836 Ext. 280
NMLS ID# 185288

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