Do USDA Loans require an Earnest Money Deposit?
USDA Loan Process | USDA Loans | Posted on September 10, 2021 at 4:22 pm by Sean Stephens
Do USDA Loans require an Earnest Money Deposit? 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
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Is there an acreage limit on USDA Rural Home Loans?
Front Page | USDA Loans | USDA Property Eligibility | Posted on June 25, 2021 at 9:54 am by Sean Stephens
Do USDA Loans have acreage limits? Acreage questions and USDA loans seem to go hand in hand. This also happens to be one of the most common questions that we receive. In today’s video I will explain the details and
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5 Memorial Day Customs You Should Know
Front Page | Holidays | Posted on May 28, 2021 at 7:56 am by Sean Stephens
Memorial Day is often confused with Veterans Day or Patriot Day. Veterans Day honors everyone who served honorably in the military, Patriot Day honors civilians who died September 11, 2001, and Memorial Day honors veterans who died in battle or
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What are USDA credit requirements for those with little or no credit history?
Front Page | USDA Credit Qualifying | USDA Loans | Posted on April 23, 2021 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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Florida Intangible Tax and Transfer Tax – How do you calculate these closing costs?
Conventional Loans | FHA Loans | Front Page | USDA Loan Process | Posted on April 16, 2021 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 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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How soon can you qualify for a USDA loan after foreclosure?
USDA Credit Qualifying | Posted on February 19, 2021 at 10:00 pm by Sean Stephens
A waiting period determines how quickly you can qualify for a mortgage after foreclosure. However, that period depends on the mortgage type you are applying for. Today, we will focus on how quickly you can qualify for a USDA loan
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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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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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