USDA Loans for Self Employed Borrowers

USDA Loans and the Self Employed Borrower

USDA lenders pay close attention to income. Other types of loans certainly make income an important qualifying issue but with USDA loans it pertains not only to affordability but to make sure the borrowers don’t make too much money. How much? No more than 115% of the median income for the area where the property is located. That’s easy to […] Read more »

How To Qualify For A USDA Loan

USDA Loan Qualifications - How to Be Eligible for a USDA Loan

You may have heard about this home loan program and wondered how to qualify for a USDA loan. The United States Department of Agriculture, or USDA, administers this special home loan program designed to help those buy a primary residence in so-called “rural” areas. However, the USDA recalculates its eligibility map as population centers shift but eligible areas are sometimes […] Read more »

Why USDA Loans Get Turned Down

USDA Loan Denied: Why USDA Loans Get Turned Down

The USDA loan program is the ideal choice to finance a property located in an eligible area for those who need or want a mortgage with little or nothing down. It’s even better than the FHA loan which requires a 3.5 percent down payment. Or the conventional 97 from Fannie Mae with a 3.0 percent down payment requirement.  For those […] Read more »