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
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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
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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
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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
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How many different ways can you get USDA loan approval?
Front Page | USDA Loans | Posted on May 4, 2020 at 1:30 am by usdaadmin
In today’s video, I will explain how the USDA program can maximize your home loan qualification and also break down the different ways you can obtain a USDA Loan Approval. However, before we get started, don’t forget to download our
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Temporary Exceptions for USDA Appraisals, Inspections and Employment Verification
Front Page | USDA Loans | Posted on April 3, 2020 at 5:07 pm by Sean Stephens
On March 27, 2020, the USDA published guidance on how to handle certain exceptions to USDA appraisals, inspections and employment verification prior to closing. While today’s video is longer than usual, we have received a high amount of questions regarding
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UPDATE – Improved Qualifying for USDA Overtime Income, Bonuses, and Commissions
Front Page | USDA Loans | Posted on March 20, 2020 at 4:57 pm by Sean Stephens
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
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Can you finance the vacant lot next door with the same USDA loan?
Front Page | USDA Loans | Posted on March 13, 2020 at 1:31 pm by Sean Stephens
In rural areas, what can be done when a seller wants to include their adjoining vacant lot as part of the same sale? Thankfully, USDA loans can be flexible when trying to include an adjoining parcel. However, it’s important to
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How much USDA land can be purchased with a USDA home loan?
Front Page | USDA Loans | Posted on March 6, 2020 at 4:48 pm by Sean Stephens
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
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What are USDA qualifications for those with little or no credit history?
Front Page | USDA Loans | Posted on February 28, 2020 at 2:55 pm by Sean Stephens
It is possible to qualify for a USDA loan with little or no credit history? When a homebuyer does not have an established credit history, USDA qualifications allow the ability to utilize non-traditional credit accounts. In today’s video, I’ll discuss
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