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UPDATED GUIDELINES: USDA Credit Score Requirements

USDA credit score guidelines formerly listed specific minimum credit score requirements, and a credit score cutoff for loans that should not be approved… but USDA credit score guidelines have recently been updated. In... Read More

How can a USDA Debt Ratio Waiver increase your maximum sales price?

What happens if your qualifying budget needs a little boost in order to qualify for a home that seems to be just out of reach?  What if you were just denied for a loan because your USDA debt-to-income ratios were too high? In... Read More

Is your lender’s USDA approval time affected by USDA’s fiscal year-end?

Don’t let a lender hold up your closing because they say the “USDA is out of money”! USDA’s fiscal year runs from October 1st until September 30th and at the beginning of each fiscal year, the USDA Single... Read More

3 USDA Financing Facts Every Seller Should Know

Sellers can sometimes be hesitant to accept USDA financing for their property, but this is often due to common misconceptions about the USDA program. With that being said, today’s video focuses on 3 important USDA Financing... Read More

How much can a seller pay towards VA loan closing costs?

Unlike USDA loans which allow up to 6% of the sales price towards seller paid closing costs, VA loans can provide for even higher flexibility and have unique guidelines. However, this topic also brings quite a bit of confusion,... Read More

USDA Mortgage Calculator: Here’s how to CORRECTLY calculate a USDA monthly payment

So, how do you CORRECTLY calculate a USDA payment?  Unfortunately, many USDA mortgage calculators have not been designed to handle USDA specifics and thus end up providing inaccurate numbers. As such, today’s video... Read More

Private Roads: How do you qualify for a mortgage with a house on a private road?

Once you have found the perfect home, what should you do if the property is located on a private road? How can a private road affect your mortgage approval? Thus, today’s video will discuss what to do when the property... Read More

USDA Property Eligibility: What property types are eligible for a USDA loan?

When you hear about USDA loan benefits, such as 100% financing or the ability to finance closing costs, it can be easy to focus on the financial advantages and then forget about USDA property eligibility. USDA loans allow... Read More

Does a USDA loan require Private Mortgage Insurance?

There are key terminology differences between USDA, FHA, and Conventional mortgages. This includes the topic of Private Mortgage Insurance. In today’s video, I will break down the differences in terminology, compare... Read More

USDA Mortgage Approval: What NOT “To Do” when trying to qualify for a USDA loan!

Last week we discussed five important things to do during the mortgage application process. Instead, today, we will review what NOT “To Do” while trying to gain USDA mortgage approval. The following video will... Read More

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