The USDA /Rural Development announced starting October 1st, 2011, they will begin collecting a monthly mortgage insurance premium of .3% on all new USDA home loans. However, the up front (one-time) … [Read more...] about USDA Mortgage Financing- costs going up
So what is the story regarding the appraisal process and USDA loans? USDA loans are not required to go through all the new HVCC appraisal policy as Conventional / FHA loans today. There is no … [Read more...] about Appraisal process with USDA loans…one more benefit
Many assume that swimming pools are not permitted under the USDA 502 guarantee program. Even more buyers/agents may not even be aware that pools can be an issue at all, here is some clarification … [Read more...] about 100% USDA home loan and swimming pools – some clarification
The Federal Housing Administration announced that it will be increasing its annual mortgage insurance premium one quarter of one point on all 15-year and 30-year mortgages backed starting April … [Read more...] about Upcoming FHA mortgage insurance increase makes USDA that much more better
QUESTION: How do I find out all the USDA eligibility requirements and if I’m eligible to get a USDA mortgage? Sincerely – F. Polk / Clermont, FL ANSWER: With USDA / Rural Development home loan … [Read more...] about Q&A – Who is eligible for a USDA home loan?
Question: I have been a nurse for 10 years now and working at the same hospital the entire time. I recently left to go work at a new hospital but I first took 3 weeks off. I have heard that … [Read more...] about Changing employers ok? USDA Mortgage Florida
Question: Does USDA require that I include my monthly taxes and home owners insurance in my mortgage payment each month? T. Duval – Kissimmee , Fl Answer: USDA home loans (like all Government … [Read more...] about Escrows required with USDA loan mortgage?
Do you have questions about USDA /RD home loan eligibility? We understand the home buying process can be stressful, especially for first time home buyers. You may have many question regarding USDA … [Read more...] about USDA Home Loan Rual Housing Mortgage Eligibility
QUESTION: I have a very limited of cash available to pay my closing costs. Can the closing costs be included in my USDA loan? Thanks! F. Kearns / Sarasota, FL ANSWER: Thank you for your question. … [Read more...] about USDA Closing costs, Rural Housing, Rural Development