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
Continue Reading…
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
Continue Reading…
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
Continue Reading…
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
Continue Reading…
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
Continue Reading…
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
Continue Reading…
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
Continue Reading…
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
Continue Reading…
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
Continue Reading…
How Do You Search for Current USDA Loan Eligible Properties?
Front Page | USDA Loans | USDA Property Eligibility | Posted on January 1, 2020 at 10:38 am by Sean Stephens
Is the home you want in 2020 a USDA Loan eligible property? As many of us know, a key part of the USDA eligibility process is being able to find a home that is located in a USDA eligible area.
Continue Reading…
