USDA

For the USDA Home Loan program, we’ve covered most of the income and asset documents that the average borrower will need for the mortgage-lending process. In this blog post, we’ll be talking a bit about the “dreadful” Appraisal to make things a bit more easy ...

You have decided to apply for a USDA Home Loan. You’ve found the home of your dreams, and it resides within the eligibility criteria set forth by the USDA. What should you expect to have to make the approval process as easy and seamless as possible? Are ...

USDA Renovation Loans If you’re thinking about purchasing a new home through the USDA loan program, you may have other options! While you can easily just buy a home that is not in need of any repairs, the USDA Renovation Loan Program allows you to ...

USDA loans are a great option for home purchases in a designated USDA Rural Development area. Offering 100% financing without a requirement for a down payment, competitive loan rates, and flexible credit requirements, these loans make homeownership accessible to a wide range of borrowers who ...

Some individuals wonder why it is important to buy rather than rent a home. You might believe it is cheaper to pay back a landlord instead of a bank. There are distinct advantages to buying an abode with USDA Loans and rural development loans. Many ...

Obtaining a USDA loan while managing student loans requires careful consideration of eligibility criteria. Even with existing student debt, borrowers can still qualify for a USDA loan if they meet certain requirements. Understanding Debt-to-Income (DTI) Ratio One crucial factor in securing a USDA loan with ...

If you have acquired a new disability due to an illness or injury, you do not need to depend on a friend or family member to house you. People with steady incomes can apply for Rural Development Loans to pay for new structures. Your new ...

You will encounter the first step through an automated underwriting system. There are several types, and these computer programs evaluate your credit and financial profile to make a preliminary judgment based on your information. USDA lending utilizes an automated system known as GUS. Guaranteed Underwriting ...

USDA loans are backed by the United States Department of Agriculture and are aimed at people wishing to buy a property in a rural area. People working from home or who can adjust their lifestyle to a rural setting can benefit from low mortgage rates ...