Is an Earnest Money Deposit Required With a USDA No Down Payment Loan?
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 | 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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In 2020, How Do You Search for Current USDA Loan Eligible Properties?
Front Page | USDA Loans | 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.
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After a Short Sale, how long does it take to qualify for a mortgage?
Conventional Loans | FHA Loans | USDA Loans | VA Loans | Posted on December 6, 2019 at 3:22 pm by Sean Stephens
How soon can you qualify for a mortgage after a Short Sale? It is possible to qualify to purchase a home after a short sale, but waiting periods will apply and vary between USDA, FHA, VA, and Conventional loans. Depending on the type of loan
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How Long Does it Take to Close on a USDA Loan?
Front Page | USDA Loans | Posted on November 1, 2019 at 2:14 pm by Sean Stephens
What is the Closing Time on A USDA Loan? How long is the USDA loan process? It is common for us to receive questions on how long it takes to close a USDA loan, and in today’s short video we
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Do USDA Loans Require Verification of Rental History?
Front Page | USDA Loans | Posted on October 25, 2019 at 3:21 pm by Sean Stephens
Everyone’s USDA qualifying situation is different and rental history is one component of that. That’s why today we are focusing on when rental history is a requirement and when it is not. Remember to make sure you are working with
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Your credit score just dropped, how can you still qualify for a USDA Loan?
Front Page | USDA Loans | Posted on October 18, 2019 at 12:09 pm by Sean Stephens
Just because your credit score took a recent drop, doesn’t mean it’s the end of the road for a USDA mortgage. In fact, it’s possible to increase that credit score in less than a week! As you can imagine, this
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Do USDA loans have an acreage limit?
Front Page | USDA Loans | Posted on August 16, 2019 at 4:16 pm by Sean Stephens
Is there an acreage limit with a USDA Rural Home loan? When working rural areas, it is common to ask how many acres can you buy with a USDA loan? Thankfully due to updated guidelines, it is now a more simplified process
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Are USDA or FHA loans better?
FHA Loans | USDA Loans | Posted on August 9, 2019 at 1:00 am by Sean Stephens
What are the differences between a USDA and FHA loan? Do you know the difference between a USDA and FHA loan? While they both have similar characteristics, there are important aspects of each program which can impact a buyer’s out-of-pocket costs
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2019 USDA Income Limits have been increased!!
Front Page | USDA Loans | Posted on July 26, 2019 at 12:23 pm by Sean Stephens
While many know that it is possible to make too much money for a USDA loan, what they don’t realize is just how high 2019 USDA income limits actually are! USDA recently announced an increase to their household income limits
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