Another Success: With a USDA Loan You are More than Just a Credit Score
One of the most exciting things about the USDA Loan program is that a less than perfect credit score does not have to stand in the way of your dream of home ownership. Maybe one of the biggest examples of this is a success story shared with us by one of our senior loan officers, […]
Rural Can Be Misleading: But These Loans are Not Just for Farming
The biggest hurdle the Rural Development Loan Program faces is the misnomer that they have something to do with agriculture. While it is true that these loans are backed by the United States Department of Agriculture, in reality that’s pretty much where any ties to agriculture come to end. Instead, Rural Development Loans, (also known […]
Another Success: Bankruptcy Not an Obstacle for this Customer
From Bankruptcy to home ownership in 24 months with a USDA Home loan Next up in our real life customer success series, we show you how one of our customers, just a little over 24 months following a chapter 7 bankruptcy, was able to move into their dream home – once again, all thanks to […]
USDA Loan FAQs: Is Bankruptcy an Obstacle
Here at our loan agency, questions about past bankruptcies come up periodically. Our customers assume that a past bankruptcy or other past financial struggles prevent them from qualifying for a USDA Home Loan. What’s more alarming is that many potential home buyers are under the false assumption that because of these past financial mistakes, they […]
First Time Home Buyers Guide: Establishing Your Credit Rating
When applying for a loan, many first time home buyers run into trouble – not because of bad credit- but because of a lack of credit history. These home buyers simply have not had lines of credit open long enough, and so their credit rating may seem relatively low. Even with a USDA Home Loan, […]
How To Know If Homes In Your Town Are Eligible For Rural Development Loans
It is important to know if structures in a certain location are eligible for purchase with Rural Development Loans. Many people thinkthat only country buildings can be bought that way. Lots of small suburban communities also contain homes that might be aquired with federal money. The majority of citizens hear about rural programs and instantly […]
Is Landscaping a Good Investment for Your Home?
Alot of us know that a key key toof selling a home is curb appeal, and a great part of that is landscaping. It’s the first impression potential buyers have of your home. Experts nationally agree that investing in landscaping around your home is a strong move to make. RealEstate.com shares the following landscaping-related statistics that might help […]
Home repair loans available from USDA Rural Development
CHAMPAIGN, Ill. — Help is available for homeowners who have suffered damages due to the recent flooding that have limited resources with which to make repairs. U.S. Department of Agriculture Rural Development can make 1-percent home repair loans to eligible homeowners with modest incomes, said Illinois Rural Development Director Colleen Callahan. Funds can be used […]
The Vital Role Credit Scores Play In Rural Development Loans
Many people think that the government will automatically help them get housing when they apply for Rural Development loans. Before you can get those funds, you must prove that you will be responsible in paying them back. A good credit score will show your underwriters that you have good financial habits. A lot of citizens […]