
How much USDA land can be purchased with a USDA home loan?
March 26, 2021USDA loans are sought after by homebuyers since they allow for no down payment and offer financing flexibility. Additionally, USDA guidelines have recently... Read More
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In order to receive a USDA mortgage, the property must also be located in an eligible rural area as determined by USDA.
What Qualifies as a Rural Area?
In order to be an eligible property, rural areas are generally defined by USDA as:
USDA Minimum Property Requirements (MPRs)
To ensure the house meets USDA guidelines, a qualified appraiser will inspect the property to ensure it meets the minimum property requirements set forth in HUD’s Single Family Housing Policy Handbook 4000.1 (SF Handbook).
USDA loans are sought after by homebuyers since they allow for no down payment and offer financing flexibility. Additionally, USDA guidelines have recently... Read More
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,... Read More
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,... Read More
When you hear about USDA loan benefits, such as 100% financing or the ability to finance closing costs, it can be easy to focus on the financial advantages... Read More
In today’s video, I will share with you the details regarding USDA flood zone requirements and how to navigate the qualifying process. However, before... Read More
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... Read More
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... Read More