USDA Rent to Own: Here is How to Buy the House you Rent with a USDA Loan
USDA Loans | 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
Continue Reading…
UPDATE – Improved Qualifying for USDA Overtime Income, Bonuses, and Commissions
Front Page | 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
Continue Reading…
Can you finance the vacant lot next door with the same USDA loan?
Front Page | USDA Loans | 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
Continue Reading…
Qualifying after foreclosure: What is the USDA foreclosure wait period?
USDA Loans | Posted on March 11, 2020 at 2:54 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 focus on the USDA foreclosure wait period. To see all waiting periods
Continue Reading…
How much USDA land can be purchased with a USDA home loan?
Front Page | USDA Loans | 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
Continue Reading…
How can a USDA Debt to Income Ratio Increase your Sales Price?
Front Page | USDA Loans | Posted on March 4, 2020 at 6:20 pm by Sean Stephens
How much money you can borrow from the USDA is determined by your USDA debt to income ratio. This calculation shows what percentage of your income is going towards paying your monthly debts. Thus, a higher debt to income ratio
Continue Reading…
What are USDA qualifications for those with little or no credit history?
Front Page | 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
Continue Reading…
USDA Property Eligibility: These property types are NOT eligible for a USDA loan
Front Page | USDA Loans | 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
Continue Reading…
USDA and VA loans are No Down Payment mortgage options with BIG differences!
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
Continue Reading…
What are current USDA income limits in Florida?
Front Page | 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
Continue Reading…
