Tag Archives: USDA

  • Loan Types

    Decoding Loan Types: Pros and Cons of Each

    If you're a first-time home buyer, understanding different loan types can be confusing. Each one has various requirements, rules, and costs. The right one for your situation will depend on numerous factors. To help you make an informed decision, here's a quick guide to four of the most popular loan types: FHA, conventional, VA, and [...] More  →
  • USDA Home Loan – How to Buy a Home With No Money Down

    What if there is a home loan available that could help low to middle income America buy a home with no down payment? Plus, what if it includes closing costs and an affordable mortgage payment? With the right strategy, we are talking a potential purchase with no cash to close and maybe a refund of [...] More  →
  • 2019 – 2020 USDA Income Limits Increase Helps More Buy With No Money Down

    First of all, let's get a few common misconceptions out of the way. USDA loans are NOT just for low-income buyers and small priced homes that are way out in the country on a farm. These shared beliefs make USDA loans probably the most misunderstood and underutilized home loans around. On the contrary, perhaps a [...] More  →
  • Site Requirements To Know Before Using A USDA Loan

    USDA will not allow a property to have income producing buildings or farmland. You would think that The US Department of Agriculture would be okay with this, but they are not for their Rural Development program. Here are the USDA site requirements to consider when planning to apply for a USDA loan. USDA Site Requirements …

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  • You may not know it, but you are a number and it could help or hurt you a lot!

    If you were a fly on a wall in my office, you would hear me say several times a day, this little known fact that accounts for 30% of a borrower’s credit scores! 30% of a person’s credit score is based on balances reported for revolving accounts like credit cards or lines of credit, compared to the …

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  • USDA’s Updated Guidelines for Properties With Swimming Pools

    Anyone familiar with the old guidelines for USDA and their requirements for swimming pools, knew you must get 1) A Pool Waiver as part of the USDA review process and 2) No value of the pool must be given unless it is above the purchase price.  Now with the December 2014 changes to the USDA …

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  • how to move out of your parents house

    How to Move Out of Your Parents House and Buy a First Home

    How to move out of a parents' household is a common question, and it is not just for teenagers. Many first time home buyers of all ages move back into the parents home at some point. A primary reason is to save money rather than spending on rent. Yet, many living rent-free still may not [...] More  →
  • Maximum Income Limits for Popular Low Down Payment Loans

    97% MyCommunityMortgage Maximum Income: Based on household income of everyone 18 and over.  Household income means anyone who will live in the household, whether on the mortgage loan or not Learn more about the MyCommunityMortgage USDA Maximum Household Income Limits: Based on household income of everyone 18 and over, whether on the mortgage or not.   Broken [...] More  →
  • Do You Know the Minimum Credit Score for USDA Loans? It’s Not That High!

    When it comes to first time home buyers and repeat buyers looking for a no money down home purchase, you need to check out a USDA loan. Not only do USDA loans finance 100% of the purchase price, there are so many other benefits. These benefits include the lowest funding fee compared to other government [...] More  →
  • USDA new ineligible areas effective February 2, 2015

    In North Carolina, eligible rural areas for USDA housing programs will be adjusted in certain areas on February 2, 2015. New ineligible areas will include: Areas adjacent to the current ineligible area of Jacksonville, NC; Greenville, NC; Rocky Mount, NC; Goldsboro, NC; Raleigh, NC; Greensboro, NC; and Charlotte, NC. On December 16, 2014, President Barack …

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