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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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
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How Can You Combine Florida SHIP Funds with a USDA loan?
Front Page | USDA Loan Process | USDA Loans | Posted on January 3, 2020 at 2:06 pm by Sean Stephens
Can Florida SHIP Funds be combined with a USDA loan? The goal of Florida SHIP funds is to provide affordable homeownership for first-time homebuyers with very low, low, and moderate-income. They can be used for a variety of purposes, including
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How Long Does it Take to Close on a USDA Loan?
Front Page | USDA Loan Process | 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 have an acreage limit?
Front Page | USDA Loans | USDA Property Eligibility | 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 Loan Benefits | 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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Current USDA Income Limits
Front Page | USDA Income Limits | USDA Loans | Posted on July 26, 2019 at 12:23 pm by Sean Stephens
How high are the current USDA income limits? 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 current USDA income limits actually are! In 2019,
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2019 USDA Income Limits have been increased!!
Front Page | USDA Loan Process | USDA Loans | Posted on 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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How do you calculate a USDA monthly payment?
USDA Loan Process | USDA Loans | Posted on May 3, 2019 at 11:30 am by Sean Stephens
When trying to use a USDA loan calculator – be careful! Many online mortgage calculators are simply not designed to handle calculating USDA specific monthly payments. They may leave out other important items such as property taxes, homeowner’s insurance, and any
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Can you Qualify for a USDA Loan if you have recently graduated?
USDA Loans | What is a USDA Loan? | Posted on April 5, 2019 at 12:01 pm by Sean Stephens
If you have recently graduated, how long does it take to qualify for a USDA loan? As the saying goes, the more things change the more they stay the same. I start off by saying this because we are seeing
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