USDA Rent to Own: Here is How to Buy the House you Rent with a USDA Loan
USDA Loans | What is a USDA Loan? | Posted on April 17, 2020 at 5:14 pm by Sean Stephens
Can you buy the home you are renting with a USDA loan? As more renters transition into homeownership, USDA rent to own opportunities are increasing for those homebuyers who want to purchase the home they are renting. This topic is especially
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UPDATE – Improved Qualifying for USDA Overtime Income, Bonuses, and Commissions
Front Page | USDA Loan Process | 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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What are USDA qualifications for those with little or no credit history?
Front Page | USDA Credit Qualifying | 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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Property Eligibility: These property types are NOT eligible for a USDA loan
Front Page | USDA Loans | USDA Property Eligibility | 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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USDA and VA loans are No Down Payment mortgage options with BIG differences!
USDA Loan Benefits | USDA Loans | VA Loans | Posted on February 7, 2020 at 2:42 pm by Sean Stephens
As a USDA and VA approved lender, one of the most common questions I receive is, “What are the differences between USDA and VA loan?”. Both USDA and VA loans are great no down payment mortgage options. However, it’s vital that
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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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How do you Calculate Florida Intangible Tax and Transfer Tax When Purchasing a Home
Conventional Loans | FHA Loans | Front Page | USDA Loan Process | 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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How do you Qualify for a Mortgage after Chapter 13 Bankruptcy?
Conventional Loans | FHA Loans | USDA Credit Qualifying | USDA Loans | VA Loans | Posted on January 10, 2020 at 6:44 pm by Sean Stephens
After filing for Chapter 13 bankruptcy, many feel homeownership is a dream that is out of their reach. However, in today’s video, I’ll explain how you CAN qualify for a mortgage after Chapter 13 bankruptcy. In fact, with USDA, FHA,
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How Can You Combine Florida SHIP Funds with a USDA loan?
Front Page | USDA Loan Process | USDA Loans | Posted on January 3, 2020 at 2:06 pm by Sean Stephens
Can Florida SHIP Funds be combined with a USDA loan? The goal of Florida SHIP funds is to provide affordable homeownership for first-time homebuyers with very low, low, and moderate-income. They can be used for a variety of purposes, including
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