How soon can you qualify for a USDA loan after Chapter 7 Bankruptcy?
USDA Credit Qualifying | USDA Loans | Posted on February 26, 2021 at 10:00 pm by Sean Stephens
Per the administrative office of the U.S. Courts, there were 659,881 non-business bankruptcies filed for the 12 month period ending June 2020. With that being said, many of those cases may not have been due to financial mismanagement, but instead
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Can You Qualify for a USDA Loan after Short Sale?
USDA Credit Qualifying | USDA Loans | Posted on February 12, 2021 at 10:00 pm by Sean Stephens
With the many short sales that were finalized in recent years, prospective buyers are now looking to re-qualify to purchase a home. Updated guidelines specifically address how to qualify for a USDA loan after a short sale, and today’s video
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What are the filing requirements for the Florida Homestead Exemption?
Conventional Loans | FHA Loans | Front Page | USDA Loans | VA Loans | Posted on January 15, 2021 at 10:43 am by Sean Stephens
The Florida Homestead Exemption helps homeowners save money on their property taxes by reducing the assessed value of their property which in turn lowers the amount of property taxes. However, timing and eligibility details are critical when qualifying for this
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A USDA home loan with Repairs… Yes, it’s possible!
Front Page | USDA Loan Process | USDA Loans | Posted on December 18, 2020 at 12:20 pm by Sean Stephens
USDA guidelines allow for a wide range of possible repairs. In today’s video, I’ll explain the eligible types of repairs and review how it’s possible to get a USDA home loan with repairs. Also, please download our USDA Blueprint for
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How Can You Speed Up USDA Approval Time?
Front Page | USDA Loan Process | USDA Loans | Posted on December 4, 2020 at 9:45 am by Sean Stephens
It’s a common misconception that all lenders, banks, brokers, and credit unions who offer USDA loans have the same systems in place. In reality, not all lenders are approved by the USDA and this can greatly affect your USDA approval
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USDA Acreage Limit: How many acres can you finance with a USDA loan?
Front Page | USDA Loans | USDA Property Eligibility | Posted on November 20, 2020 at 6:23 pm by Sean Stephens
With more and more buyers looking in rural areas, many of them also inquire about options for acreage and how much can be financed with a USDA loan. Well, the good news is that updated USDA guidelines now permit improved
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What are three important differences between USDA and VA loans?
USDA Loan Benefits | USDA Loans | VA Loans | Posted on November 13, 2020 at 4:31 pm by Sean Stephens
While USDA and VA loans are both fantastic no down payment financing options, they also have their own unique features and eligibility requirements. In today’s short video, I will break down and review three important differences between USDA and VA
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Private Roads: How do you qualify for a mortgage with a house on a private road?
Conventional Loans | FHA Loans | USDA Loans | USDA Property Eligibility | VA Loans | Posted on September 25, 2020 at 12:25 pm by Sean Stephens
Once you have found the perfect home, what should you do if the property is located on a private road? How can a private road affect your mortgage approval? Thus, today’s video will discuss what to do when the property
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What are current USDA income limits in Florida?
Front Page | USDA Income Limits | 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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Is an Earnest Money Deposit Required With a USDA No Down Payment Loan?
USDA Loan Process | USDA Loans | Posted on January 31, 2020 at 4:22 pm by Sean Stephens
Typically, when purchasing a home, a buyer will have two types of out-of-pocket expenses: down payment and settlement charges. With a USDA no down payment loan, the burden of a down payment is eliminated. However, remember that no down payment
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