Improved Qualifying for USDA Overtime Income, Bonuses, and Commissions

UPDATE – Improved Qualifying for USDA Overtime Income, Bonuses, and Commissions

In order to maximize your USDA sales price, calculating all available income is critical! However, because everyone is not paid the same, it is also important to understand the most recent and updated qualifying guidelines used for calculating USDA overtime
Continue Reading…

Read More
How much USDA land can be purchased with a USDA home loan?

How much USDA land can be purchased with a USDA home loan?

USDA loans are sought after by homebuyers since they allow for no down payment and offer financing flexibility. Additionally, USDA guidelines have recently improved in regards to how much acreage can be purchased with a USDA home loan. While it is true that
Continue Reading…

Read More
Does a disputed account on your credit report affect qualifying for a USDA loan?

Can you still qualify for a USDA loan with a Disputed Account on Your Credit Report?

As per USDA Guidelines under the 3555 Handbook, “Disputed accounts on an applicant’s credit report are not considered in the credit score.” Meaning, the mere presence of a disputed account does NOT automatically deny an applicant’s USDA loan. A disputed
Continue Reading…

Read More
After a foreclosure, how soon can you qualify for a mortgage?

After a foreclosure, how soon can you qualify for a mortgage?

In working with so many of our customers over the years, we have found that foreclosures often occur due to circumstances outside of the homeowner’s control, rather than financial mismanagement. Plus, qualifying for a mortgage after foreclosure is possible! With
Continue Reading…

Read More

« Older Posts