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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How can a USDA Debt to Income Ratio Increase your Sales Price?
Front Page | USDA Loans | Posted on March 4, 2020 at 6:20 pm by Sean Stephens
How much money you can borrow from the USDA is determined by your USDA debt to income ratio. This calculation shows what percentage of your income is going towards paying your monthly debts. Thus, a higher debt to income ratio
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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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USDA Property Eligibility: These property types are NOT eligible for a USDA loan
Front Page | USDA Loans | Posted on February 14, 2020 at 3:27 pm by Sean Stephens
USDA property eligibility is a must know, but many times it’s easier to know what causes a property to be ineligible. In today’s video I will explain what property types are NOT eligible for a USDA loan and help keep
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What are current USDA income limits in Florida?
Front Page | USDA Loans | Posted on February 5, 2020 at 4:39 pm by Sean Stephens
Often times, home buyers and realtors are often surprised at how high USDA income limits in Florida actually are. In fact, these high limits benefit families who are trying to increase their maximum USDA qualifying sales price. For more USDA
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How do you Calculate Florida Intangible Tax and Transfer Tax When Purchasing a Home
Conventional Loans | FHA Loans | Front Page | Posted on January 24, 2020 at 3:59 pm by Sean Stephens
When purchasing a home, you never want to be surprised with out-of-pocket expenses. Remember, even when purchasing with a USDA No Down Payment Loan, you still have to be prepared for other costs to complete the transaction which include Florida Intangible
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