Well and Septic Required Distances for USDA and FHA Loans
FHA Loans | USDA Loans | Posted on January 17, 2020 at 9:38 pm by Sean Stephens
What are the required distances for well and septic on USDA and FHA loans? Understanding USDA and FHA loan distance requirements between a well and septic are critical when determining eligibility and because it can be common for rural properties to
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How Can You Combine Florida SHIP Funds with a USDA loan?
Front Page | USDA Loans | Posted on January 3, 2020 at 2:06 pm by Sean Stephens
The goal of Florida SHIP funds is to provide affordable homeownership for first-time homebuyers. They can be used for a variety of purposes, including being combined with a USDA loan. In turn, SHIP funds can help maximize affordability! Today, we’ll review
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Can you still qualify for a USDA loan with a Disputed Account on Your Credit Report?
USDA Loans | Posted on December 13, 2019 at 5:51 pm by Sean Stephens
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
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How Long Does it Take to Close on a USDA Loan?
Front Page | USDA Loans | Posted on November 1, 2019 at 2:14 pm by Sean Stephens
What is the Closing Time on A USDA Loan? How long is the USDA loan process? It is common for us to receive questions on how long it takes to close a USDA loan, and in today’s short video we
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Do USDA Loans Require Verification of Rental History?
Front Page | USDA Loans | Posted on October 25, 2019 at 3:21 pm by Sean Stephens
Do you need to prove rental history in order to qualify for a USDA loan? Everyone’s USDA qualifying situation is different and rental history is one component of that. That’s why today we are focusing on when rental history is
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Your credit score just dropped, how can you still qualify for a USDA Loan?
Front Page | USDA Loans | Posted on October 18, 2019 at 12:09 pm by Sean Stephens
How can you still qualify for a USDA loan if your credit score suddenly drops? Just because your credit score took a recent drop, doesn’t mean it’s the end of the road for a USDA mortgage. In fact, it’s possible
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How Do You Qualify for a USDA Mortgage with Student Loans?
USDA Loans | Posted on October 11, 2019 at 2:53 pm by Sean Stephens
What Are Current USDA Student Loan Guidelines? As we all know, student loan debt can have a major impact on mortgage qualifying. In today’s topic, I will explain how you qualify for a USDA loan with student loans and discuss
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What repairs can be financed into a USDA loan?
Front Page | USDA Loans | Posted on October 4, 2019 at 11:55 am by Sean Stephens
What repairs can be financed with a USDA loan? USDA guidelines were recently updated and now allow a wider range of possible repairs and in today’s video, I will explain both how it can be possible to finance home repairs
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Do USDA loans have an acreage limit?
Front Page | USDA Loans | Posted on August 16, 2019 at 4:16 pm by Sean Stephens
Is there an acreage limit with a USDA Rural Home loan? When working rural areas, it is common to ask how many acres can you buy with a USDA loan? Thankfully due to updated guidelines, it is now a more simplified process
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Are USDA or FHA loans better?
FHA Loans | USDA Loans | Posted on August 9, 2019 at 1:00 am by Sean Stephens
What are the differences between a USDA and FHA loan? Do you know the difference between a USDA and FHA loan? While they both have similar characteristics, there are important aspects of each program which can impact a buyer’s out-of-pocket costs
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