How can a USDA Debt Ratio Waiver increase your maximum sales price?
Front Page | USDA Loans | Posted on October 2, 2020 at 12:45 pm by Sean Stephens
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
Continue Reading…
Is your lender’s USDA approval time affected by USDA’s fiscal year-end?
Front Page | USDA Loans | Posted on September 18, 2020 at 3:21 pm by Sean Stephens
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 Family Housing
Continue Reading…
USDA Property Eligibility: What property types are eligible for a USDA loan?
Front Page | USDA Loans | Posted on September 11, 2020 at 4:28 pm by Sean Stephens
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 for no
Continue Reading…
3 USDA Financing Facts Every Seller Should Know
Front Page | USDA Approved Lender Benefits | USDA Loans | Posted on August 28, 2020 at 5:00 pm by Sean Stephens
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 facts that every seller
Continue Reading…
How much can a seller pay towards VA loan closing costs?
Front Page | USDA Approved Lender Benefits | USDA Loans | Posted on August 14, 2020 at 1:53 pm by Sean Stephens
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, and
Continue Reading…
USDA Mortgage Approval: What NOT “To Do” when trying to qualify for a USDA loan!
Front Page | USDA Approved Lender Benefits | USDA Loans | Posted on August 7, 2020 at 5:33 pm by Sean Stephens
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 help keep your financing from falling
Continue Reading…
Five Things “To Do” for a Successful USDA Application
Front Page | USDA Approved Lender Benefits | USDA Loans | Posted on July 31, 2020 at 1:05 pm by Sean Stephens
Qualifying for a mortgage, looking at properties, and preparing an offer are all steps that require professional guidance. However, with all of the information available, it can be hard to know what is right and wrong during the USDA application
Continue Reading…
How do you qualify for a USDA mortgage when self-employed?
Front Page | USDA Loans | Posted on June 12, 2020 at 2:51 pm by Sean Stephens
Qualifying for a USDA mortgage when you are self-employed can be both confusing and frustrating. However, in today’s video, I will review a three-step qualifying approach which can help to both relieve anxiety and further explain the process. Before we
Continue Reading…
USDA Single Family Housing Guaranteed vs Direct – What’s the difference?
Front Page | USDA Loans | Posted on June 5, 2020 at 2:36 pm by Sean Stephens
USDA Rural Development offers single family housing loans under two similar, but at the same time very different programs. While this can lead to confusion among homebuyers and Realtors, today’s video will break down differences between the USDA Single Family
Continue Reading…
UPDATE: Improved USDA Guidelines on Student Loans!
Debt Ratios | Front Page | USDA Loans | Posted on May 29, 2020 at 5:38 pm by Sean Stephens
USDA Student Loan Guidelines Have Improved! As we all know, student loan debt can have a major impact on mortgage qualifying! In today’s topic, I’ll explain how improved USDA guidelines on student loans have led to qualifying improvements. Understanding the
Continue Reading…
