Category: USDA

USDA income limits 2020 increase allows more home buyers purchase a home with no down payment. Effective May 2020 through April 30, 2021, USDA guaranteed housing base income limits are as follows: $90,300 for 1 – 4 person households and a whopping $119,200 for 5 or more person households. Guys, that is not low income! […]

Use these easy to understand USDA eligibility map instructions to find your new home

Today, many first time home buyers feel their student loan debt and lack of down payment prevents the chance of home ownership. But, breaking news effective September 23, 2019 is that USDA student loan guidelines have finally changed! Meaning it is easier for buyers to qualify with student loan debt! Before, USDA debt to income […]

Homebuyers received great news about the USDA Rural Development guaranteed loan program!  In 2017, USDA drastically reduced the  guarantee or funding fee they charge upfront on USDA loans, plus lowered the annual fee also.  So the great news is that the USDA guarantee fee 2018 (also often referred to as a USDA funding fee) will remain at […]

Capacity, credit, collateral, and capital are considered the 4 C’s of mortgage lending.  Basically, these are the main areas lenders review to qualify a borrower.  But these 4 categories are broken down into many subsets.  This article is going to discuss the capacity to pay back the loan and more specifically discuss the role of […]

So many prospective buyers look for a way to purchase a home with little to no money down.  Well, USDA Rural Development Guaranteed loans offer 100% financing qualifying buyers.  But in addition to buyers qualifying, the property must qualify as well.  Although USDA is extremely beneficial for buyers and sellers, USDA eligibility is a little […]

USDA Rural Development home loans are one of the most misunderstood and overlooked home loans. Many wrongly believe the USDA income limits are really low, which is way wrong. Plus, it isn’t just for really rural or small homes. Actually, most properties in America are eligible and loans can even exceed $400,000. Therefore, USDA loans offer […]

The biggest misconception among renters is that a large down payment is necessary to buy a home.  Then many will rent for an extended period thinking that a home purchase is unreachable.  A recent article by Citylab, “The down payment is too ‘daggum’ high” explained it well.  It explains how many renters cite lack of funds to cover […]

Spartanburg SC’s housing & job market offers so much to a wide range of buyers.  Whether you are a first time buyer, moving up, or retiring in this area, Spartanburg offers so much.  Our USDA loans Spartanburg SC offer very affordable, fixed payments with the luxury of 100% financing.  We love to help buyers in qualifying for this great no money down […]

Greenville SC’s housing & job market offers so much to a wide range of buyers.  Whether you are a first time buyer, moving up, or retiring in this area, Greenville offers so much.  One trip here and you will be captured by the beauty of the foothills location!  Our USDA loans Greenville SC offer very affordable, fixed payments with the […]

Yes, there is a great mortgage option to buy a home around Raleigh with no money down.  Our USDA loans Raleigh NC offer very affordable, fixed payments with the luxury of 100% financing.  Don’t think of USDA as just an option to buy a home in the country.  As you will see in the map below, […]

Streamlined Process for USDA Refinance USDA just got much better!  Rural Development loans have provided affordable payments with no down payment for years.  But now good just became awesome!!  Homeowners with a USDA mortgage have the perfect opportunity now to make their home even more affordable.  USDA has actually made two huge enhancements to this wonderful program which helps homeowners.  First […]

USDA Commitment Done Right! We love USDA loans!  Not only are buyers able to purchase with no money down, but it is flexible on credit.  On top of this, USDA just made homeownership more affordable effective 10/1/16!  This was accomplished by USDA drastically lowering the guarantee fee and the monthly mortgage insurance.  Now check out […]

Just Released South Carolina USDA Income Limits USDA Guaranteed Rural Housing Home Loans are an excellent choice for not only first time buyers but move-up buyers too.  One of the biggest roadblocks to homeownership today is lack of down payment.  But USDA loans give buyers a great no down payment option.  Plus it offers a 30 year fixed […]

Just Released North Carolina USDA Income Limits USDA Guaranteed Rural Housing Home Loans are an excellent choice for not only first time buyers but move-up buyers too.  One of the biggest roadblocks to homeownership today is lack of down payment.  But USDA loans give buyers a great no down payment option.  Plus it offers a 30 year fixed […]

USDA Funding Fee for 2016-2017 Announced Huge Decrease in the 2016-2017 USDA Funding Fee & Annual Fee! The USDA Funding Fee is a key part of the USDA home loan program and basically pays for the program.  First, USDA mortgage loans are so popular (especially in NC, SC, and Virginia) because it allows homebuyers to purchase with no […]

Understanding USDA Income Limits It is possible to make MORE than the USDA Household Income Limits So you have just learned about the benefits of a USDA loan and you get excited about being able to come to closing with no money down.  BUT then you start looking at the household income limits for your county […]

Student Loan Payments and their Impact in the Total Debt Ratio Student loan payments are such a burden to many Americans but they can also be very confusing when it comes to getting a mortgage.  Payments can be deferred until a later date, Income Based Repayment (IBR), fixed payments, graduated payments, adjustable payments, and others.  […]

USDA Now Only Requires 2 Credit References! Effective immediately, USDA has lowered the minimum credit requirement from 3 to 2 trade lines reporting 12 months USDA Guaranteed Rural Development loans require no money down, the rates are fixed for 30 years, have low costs, and are available to a large portion of today’s buyers.  Many […]

During tax season, refunds help so many become homeowners! Down payment is one of the biggest obstacles for prospective first time buyers to purchase a home.  But during tax season, many tax payers have more funds than any other time of year.  So there is no better time to qualify for a new home!  Quite often a tax refund may […]

A very popular question we receive from buyers and Realtors is, “How do I tell if a home is an off frame or on frame modular homes?” Looking at the outside and even walking inside of modular homes, you won’t be able to tell the difference. So if you want to know which type of modular you are looking at, you […]