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 USDA closing costs can be included with your loan?
USDA Loan Process | USDA Loans | What is a USDA Loan? | Posted on June 26, 2020 at 7:30 pm by Sean Stephens
A common question that I receive is whether you can “roll-in” your closing costs with a USDA loan because many have heard through second hand sources that closing costs are automatically included with your USDA loan. However, in today’s short
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Three ways to improve USDA Debt to Income Ratios!
USDA Approved Lender Benefits | USDA Loan Process | Posted on June 19, 2020 at 1:52 am by Sean Stephens
What are three ways to improve USDA Debt to Income Ratios and also increase your sales price? Unfortunately, many of today’s lenders do not fully understand the USDA program or how to maximize its benefits, which can leave homebuyers extremely
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USDA Single Family Housing Guaranteed vs Direct – What’s the difference?
Front Page | USDA Loans | What is a USDA Loan? | Posted on June 5, 2020 at 2:36 pm by Sean Stephens
USDA Rural Development offers single family housing loans under two similar, but at the same time very different programs. While this can lead to confusion among homebuyers and Realtors, today’s video will break down differences between the USDA Single Family
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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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Can you finance the vacant lot next door with the same USDA loan?
Front Page | USDA Loans | USDA Property Eligibility | Posted on March 13, 2020 at 1:31 pm by Sean Stephens
In rural areas, what can be done when a seller wants to include their adjoining vacant lot as part of the same sale? Thankfully, USDA loans can be flexible when trying to include an adjoining parcel. However, it’s important to
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How much USDA land can be purchased with a USDA home loan?
Front Page | USDA Loans | USDA Property Eligibility | Posted on March 6, 2020 at 4:48 pm by Sean Stephens
USDA loans are sought after by homebuyers since they allow for no down payment and offer financing flexibility. Additionally, USDA guidelines have recently improved in regards to how much acreage can be purchased with a USDA home loan. While it is true that
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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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