Mortgage Lender Columbus OH | (888) 464-8732 | USDALoanInfo

What are the requirements for the USDA program in Columbus? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan Columbus.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

Usda Eligibility Map

The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in Columbus is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

Rd Loan

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

Home Loan Rates
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

Property Loan

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in Columbus.

It has to be a Single Family home in the Columbus area, without a barn structure on the property.

Then it also has some home price limitations.

Refi

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

Mortgage Broker License

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

Mortgage Rates California

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loans in Columbus – Do You Pre-Qualify?

Average Mortgage

- Do you pay your taxes withan Individual Tax ID or ITIN? You may have been denied a home loan.

Some other mortgagecompanies might tell you that you can't qualify, justbecause of your ITIN status.

Come to Sierra Lendingfor a different answer! At Sierra, we focus on borrowers like you who work hard for a livingand pay taxes with an ITIN.

We understand your situation is unusual.

For example, maybe yourtax returns don't reflect your true ability to pay a mortgage.

Or maybe it's hard for youto document your down payment because it's in cash.

Well, if you have good creditand can make a down payment, let Sierra Lending helpyou and your family into the home you've earned.

We know working folks likeyou deserve the same chance to get a mortgage.

Don't worry if your taxreturns don't reflect your true income or that you need help documenting your down payment.

Sierra Lending can look atyour full financial picture.

And we can qualify youfor a great mortgage in as little as two weeks.

At Sierra, we believe all working people are entitled to the Americandream of owning your own house.

Let's work together to get your family into your dream house.

Contact us today! (bright music).

When should you talk to a mortgage lender? | Ohio Roots Podcast

Subprime Lending

So Steve, What are the requirements for the USDA program? So USDA has a few interesting requirements First of all, you'll need to have at least a 580 credit score Some lenders require a 620 credit score Your household income has to be under the county maximum Like a lot of down payment assistance programs This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying What's unique about this one is the home has to be within a designated area.

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don't qualify But we only need to go 10 miles away to where there's an open area where there's Several homes that qualify.

USDA stands for United States Dept of Agriculture But it's NOT a farm loan.

Specifically, they don't finance this program for farms.

It has to be a Single Family home without a barn structure on the property.

and then it also has some home price limitations.

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs? So it's different because it's not really a down payment program but it allows financing up to a 100% of the purchase price And it's interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what's unique it's a 100% Financing So you don't need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower Than if you combine it with a down payment assistance programs And you don't have to repay any down payment assistance It has a monthly factor It's like mortgage insurance upfront It's financed at a monthly component Much less than FHA So if you can qualify for this program It's better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

Great! And on average How much does the home buyer have to come in with out-of-pocket? So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price We can finance the closing costs Up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

on that type of loan What type of home buyer is this program ideal for? So certainly those that don't have access to money for a down payment Anyone that wants to live that doesn't have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area It's also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They'll do manufactured homes They'll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There's a couple little quirky things That you don't run into very often Like you can't actually have a barn on the property It definitely can't be for agricultural purposes It has to be for residential purposes Ok Great! Thanks Steve.

Fha Mortgage

USDA Loan in Ohio | (888) 464-8732 | USDALoanInfo

USDA Pre-Approval Cuyahoga Falls OH | (888) 464-8732 | USDALoanInfo

What are the requirements for the USDA program in Cuyahoga Falls? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan Cuyahoga Falls.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

Usda Income Limits

The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in Cuyahoga Falls is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

Mortgage Solutions

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

Jumbo Mortgage
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

Mortgage Loan Rates

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in Cuyahoga Falls.

It has to be a Single Family home in the Cuyahoga Falls area, without a barn structure on the property.

Then it also has some home price limitations.

Mortgage Down Payment

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

Prequalify For Mortgage

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

Second Mortgage Rates

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loans in Cuyahoga Falls – Do You Pre-Qualify?

Usda Guaranteed Loan

Are you aware of boththe pros and the cons of VA home loans? (upbeat music) Hey everybody, I'm Nick Steffl with the Whissel Realty Group and today, I'm here to talk to you about both the pros and thecons of VA home loans.

VA of course stands for Veterans Affairs as in the Department of Veterans Affairs and the VA loan is oneof the best benefits when it comes to having the GI bill which has been around ever since 1944 for our active suit duty service members and our veterans.

So when it comes to the VA loans, let's talk about boththe pros and the cons when it comes to using your VA loan.

First of all, when itcomes to the VA loan, let's talk about the 0% that you can put down on a home.

A lot of home buyers are frustrated when it comes to the down payment that they have to put on a home but with the VA loan, you can put down 0% and get into that home that you love.

Secondly when it comes to your VA loan, you're able to get typicallymuch easier qualifications when it comes to getting prequalified.

Usually in your conventional loans, they have higher standards.

With the VA loan, it's abit easier to get qualified.

And also, you're going tohave a lower interest rate on your VA loan than you typically would on a conventional loan.

Thirdly, when it comes to your VA loan, one of the benefits is going to be private mortgage insurance.

Private mortgage insurance is something that you typically have to pay if you put less than 20%down on a conventional loan.

But with the VA loan, it doesn't matter what amount that you put down, it could be 20, 19, 15, 0% down, and you never have to worryabout private mortgage insurance which saves you hundreds ofdollars every single month.

So let's talk about the disadvantages when it comes to using your VA loan.

First of all, with your lower down payment that you're going to have, you're also going to havetypically a higher principal on that loan as well and with that, you're going to have alittle bit more interest over the life of that loan.

Secondly, when it comesto the disadvantages of your VA loan, you have a funding fee, a one time funding feethat you have to pay for this VA loan andthat's usually going to go from zero to 3% of the value of the loan depending on your military service history and the size of your down payment.

Finally, when it comesto the disadvantages of using your VA loan,you're going to have a limit on how much you can borrow.

So if you're trying to purchasea 5 million dollar mansion here in San Diego, that'susually not going to work with the VA loan.

But, if you're looking for a home that you and your familydo need at a lower price, that's something that we can use and get you into thathome that you do need.

So if you have anyquestions about the VA loan or any kind of other loan types, give me a call 619-933-7155.

I would love to connect you with one of the lenders that we work with.

Have them get you approved and once we do that, youand I will go searching for that perfect home and getyou the home of your dreams.

(upbeat music fades).

The Pros & Cons of VA Loans

Mortgage Broker License

[MUSIC PLAYING] Hello, and welcome toCalHFA's lender training.

My name is Molly Ellis.

Our focus in this video is ourconventional first mortgage programs, basic guidelines,and the common ways to layer closing costs and downpayment assistance programs to benefit your borrowers.

First, let's talk about ourCalHFA Conventional Program.

This is a conventional firstmortgage with a very affordable interest rate.

It has a maximumloan to value of 97%, and a maximumcombined loan to value of 105% with a minimumcredit score of 640.

It follows FannieHomeReady guidelines.

Technically, CalHFA doesn'thave a loan amount limit.

However, we do chargea high balance fee for any loan over $484,350.

This would only be applicableif the Fannie HomeReady loan limit in the countythe property is located allows you to exceed $484,350.

Otherwise, you'd have to adhereto the HomeReady loan limit.

On a high balance loan,the max LTV is 95%.

For the highbalance fees, please check out the rate pageon CalHFA's website.

Next is our CalPLUSconventional program.

This first mortgage alsofollows Fannie Mae's HomeReady guidelines, but itcomes with built-in loan for closing costs called theZero Interest Program or ZIP.

CalHFA offers ZIPat a loan amount of 2% of the firstmortgage loan amount or 3% of the firstmortgage loan amount.

Please check out therate page for pricing.

ZIP has a zero interestrate with deferred payments.

It's only available forfirst-time homebuyers, and remember, the definitionof a first-time homebuyer is someone who is not owned andoccupied a principal residence in the past three years.

One of the bestbenefits of using either conventional program isthe reduced mortgage insurance rates through GenworthMortgage Insurance.

The borrower can choosea monthly premium, a single premium, or theycan choose from several split premium options.

This allows you tocustomize the loan to meet the needsof your borrower.

You can access Genworth'sMortgage Insurance rates through our RateExpress, or we've also included a link in theloan program handbooks on the website.

Click on Lenders/RealEstate Agents, then click the LoanProgram Handbooks tab, then choose the program handbookapplicable to your loan.

For all CalHFAconventional programs used by first-time homebuyers,homebuyer education is required for at leastone borrower on the loan.

CalHFA does not allowmanual underwriting or non-traditional crediton our conventional loans.

What makes our program so greatis our down payment assistance and closing cost assistancelayer these programs with our first mortgagesto increase affordability for your home buyers.

For example, if yourborrower is employed in a K through 12 publicschool in California, they would be eligiblefor CalHFA's Schoolteacher and Employee Assistance Program.

This mortgageassistance will lend 4% in down payment or closingcosts at a very affordable 3 and 1/4% simple interest rate.

Or if your client doesn't workin California's public schools, they can use our MyHomeAssistance Program.

MyHome is 3 and 1/2% of thesales price or the appraised value, whichever is less,which could get your borrower almost 6% or 7% in mortgageassistance when you layer it with CalPLUS and ZIP.

The interest rateis only 3 and 1/4% simple interest withdeferred payments.

And whether you'reusing the School Program or theMyHome program, it does need to be insecond lien position, and your borrower needs tobe a first-time homebuyer.

Make sure you take a minuteto check out the rate page on the CalHFA website.

We offer a lower interestrate if the borrower decides not to use the down paymentor closing cost assistance, and a lower rate if theyare purchasing home either in a Fanny HomeReady areadesignated as no-income, or when the borrower's incomeis below the Fannie HomeReady limit.

Please remember, theFannie HomeReady limit is only an indicatorfor a lower rate.

If the borrower is overthe Fannie HomeReady limit, they are stilleligible for CalHFA, it's just at a higher rate.

You can use the FannieHomeReady Lookup Tool to find the informationon specific property address and get the FIPS number-- you'll need to enter it intoCalHFA Mortgage Access System.

That covers our conventionalfirst mortgage programs and the down payment assistanceand closing cost assistance that can be layered with them.

Now let's move onto the property requirements and maximumlender origination fees.

The property requirementsfor these programs for the most part follow FannieMae's HomeReady guidelines.

Also, make sure you adhereto any lender or investor overlays.

The sales price ofthe property must be within CalHFA'scurrent sales price limit.

A one-year homewarranty is required for first-timehomebuyers unless they're purchasing new construction.

The property cannotexceed five acres.

Manufactured homes are allowed.

If it meets Fannie Mae MHAdvantage, the max LTV is 97%.

But if it's MH standard,the max LTV is 95%.

Either way, minimumcredit score is 660.

If the property meetsFannie Mae guidelines for an accessory dwellingunit, then as allowed, you can count the rental income.

Now, let's talkabout lender fees.

First, to originateCalHFA loans, you must be aCalHFA-approved lender.

The maximum a lender cancharge in lender fees on the first mortgage is 3%.

This includes origination,processing, and underwriting.

It does not includeany third party fees.

Our rates are at par, so youhave to charge origination on these loans.

But with the closing costsand payment assistance from ZIP andMyHome, the borrower will still have very littleout-of-pocket expenses.

CalHFA will allow you to chargean additional subordinate processing fee of $250 forMyHome or the School Program, and an additional $50processing fee for ZIP.

Also, you may not chargeany additional fees like origination,per diem interest on the subordinate loans.

We want to help make this easy,so we have provided some tools to help you process loanswith CalHFA programs.

The loan program handbookfor each one of our programs includes all the detailsabout the program in one easy handbook.

The loan program matrixprovides a quick reference of terms and requirementsfor all CalHFA programs.

The very popular loanscenario calculator will help you calculateloan amounts and print results for your borrowers.

You can find these toolsunder Lenders/Real Estate Agents on our website.

Click on Loan Program Handbooksfor the program handbooks, the Calculator icon for theloan scenario calculator, and the Tools, Affidavits, andDocs tab for the loan program matrix.

Now let's look at the funstuff before we close.

Our single familylender training team offers in-person trainingclasses every month across the state.

Attend a four-hourworkshop to learn all about CalHFA's programs.

Classes are announcedeach month on our website and through our monthlye-news announcements.

To sign up for our class,visit CalHFA's website, choose the Training Calendarlink under Lenders/Real Estate Agents, and sign up for a classthat will work best for you.

We also provide customizedmarketing materials that can be downloadedfrom our website by clicking on theLenders/Real Estate Agent section of the website,choose the Loan Officers tab, then choose the Sales Toolsand Marketing Materials link.

For any questions you may have,contact Single Family Lending at 916-326-8033.

Or you can email ourLender Services Division at lendertraining@calhfa.

Ca.

Gov.

Thank you so much for your time.

Now get out there andhelp more Californians have a place to call home.

[MUSIC PLAYING].

Mortgage Payment

USDA Loan in Ohio | (888) 464-8732 | USDALoanInfo

Mortgage Lender Lima OH | (888) 464-8732 | USDALoanInfo

What are the requirements for the USDA program in Lima? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan Lima.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

First Time Home Buyer Mortgage

The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in Lima is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

Fixed Rate

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

First Time Home Buyer Mortgage
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

First Time Home Buyer Mortgage

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in Lima.

It has to be a Single Family home in the Lima area, without a barn structure on the property.

Then it also has some home price limitations.

Equity Loan Rates

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

Prequalify For Mortgage

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

Usda Guaranteed Loan

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loans in Lima – Do You Pre-Qualify?

Usda Land Loans

The USDA Guaranteed Home Loan Program is backedby the USDA – the United States Department of Agriculture.

It is a TRUE no money down home loan.

Many people who take advantage of this programare able to get into their homes with little to no money out of their pocket.

BUT, there are several eligibility requirementsthat you need to meet in order to take advantage of this home loan program.

The first requirement is that you cannot bea current homeowner.

If you already own your home but are planningto sell it, then you are still eligible! You just need to have your existing home soldBEFORE we can close the loan for your new home.

The next requirement is that your total annualhousehold income cannot exceed the limits set by the USDA.

These income limits are based on market areaand family size.

Another requirement is that you cannot havedefaulted on a USDA loan in the past.

This means that if you’ve had a past USDAloan that has gone in to foreclosure, you unfortunately aren’t eligible.

To take adavantage of this program, the homehas to be located in an eligible rural area.

But guess what, rural does not necessarilyequal country! Homes do not have to be in a country setting.

In fact, there are many areas where entirecounties and cities qualify for this program.

The property has to meet minimum propertystandards.

The home must be in satisfactory condition,and this loan cannot be used to finance any sort of income producing property.

That means mini farms, and properties withfarm acreage are not eligible.

Do you want to find out if you qualify? We make it EASY! Just give us a call at 937-548-8222 in Ohioor 765-273-4711 in Indiana, And make sure to ask to speak to a member of Your Expert Mortgage Team! Or text the word EASY to 48421 to apply today! We’re here to make your dreams of homeownershipcome true.

Working With the Right Lender | Total Mortgage Minute

Mymortgage

TURNING NOW TO DAY 20 OF THE PARTIAL GOVERNMENT SHUTDOWN -- FEDERAL EMPLOYEES WON'T RECEIVE PAYCHECKS TOMORROW.

DURING THIS PARTIAL GOVERNMENT SHUTDOWN -- ONE OFFICE THAT YOU CANNOT GET A HOLD OF EITHER -- THE U-S-D-A.

AS NEWS CHANNEL 11'S JORDAN MOORE FOUND OUT TODAY,.

THAT'S PUTTING SOME HOME BUYERS--AND SELLERS, IN LIMBO.

JOSH SARA A POPULAR LOAN OPTION WHEN BUYING A HOME, ESPECIALLY IN MORE RURAL AREAS.

IS A U-S- D-A LOAN A LOAN THAT REQUIRES NO MONEY DOWN, AND REAL ESTATE AGENT AT KELLER WILLIAMS, LINCOLN WALTERS EXPLAINED THIS 100 PERCENT BACKED LOAN, IS SOMETHING THEY SEE A LOT FOR FIRST TIME HOME BUYERS AND AS OF NOW THERE ARE PEOPLE WAITING TO CLOSE ON A HOME, NOT JUST HERE BUT AROUND THE COUNTRY---THAT ARE NOW ON HOLD.

BECAUSE OF THE GOVERNMENT SHUTDOWN "I KNOW THERE'S SEVERAL THAT ARE ON HOLD RIGHT NOW WAITING TO CLOSE, THE ONES THAT ARE IN PROCESSES ALREADY ARE GOING TO BE DELAYED, AND THE ONES THAT ARE WANTING TO GO SHOPPING WITH A USDA LOAN, CAN'T EVEN REALLY DO IT RIGHT NOW BECAUSE THEY AREN'T ACCEPTING ANY NEW APPLICANTS.

" WALTERS SAID HIS CONCERN IS THAT IF THIS GOVERNMENT SHUTDOWN CONTINUES FOR A LONG PERIOD OF TIME, THE SELLERS WAITING FOR A BUYER WITH A U-S-D-A LOAN WON'T WANT TO KEEP WAITING, AND WILL GO WITH ANOTHER BUYER---WHO HAS A CONVENTIONAL LOAN SO HE SAID IT'S IMPORTANT RIGHT NOW TO EDUCATE AND REMIND BOTH BUYERS AND SELLERS THAT DURING THIS SHUTDOWN, THOSE U-S-D-A HOME LOANS, ARE ON HOLD.

Second Mortgage Rates

USDA Loan in Ohio | (888) 464-8732 | USDALoanInfo

Best USDA Loan North Olmsted OH | (888) 464-8732 | USDALoanInfo

What are the requirements for the USDA program in North Olmsted? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan North Olmsted.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

Mortgage Services

The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in North Olmsted is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

Refinancing Your Home

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

Usda Guaranteed Loan
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

Mortgage Principal

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in North Olmsted.

It has to be a Single Family home in the North Olmsted area, without a barn structure on the property.

Then it also has some home price limitations.

Mortgage Down Payment

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

Equity Loan Rates

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

Fixed Rate

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loans in North Olmsted – Do You Pre-Qualify?

Refi

[MUSIC PLAYING] Hello, and welcome toCalHFA's lender training.

My name is Molly Ellis.

Our focus in this video isour VA first mortgage program, basic guidelines,and the best ways to layer closing cost assistanceto benefit your veteran.

First, let's talk aboutour CalHFA VA program.

It's a VA first mortgage withan affordable interest rate.

It has a maximumloan-to-value of 100%, and a maximum combinedloan-to-value of 105%.

The minimum creditscore is 640, and the maximum debt-to-incomeratio is 45.

Technically, CalHFA doesn'thave a loan amount limit.

However, we do chargea high balance fee for any loan over $484,350.

This would only beapplicable if the VA loan limit in the countythe property is located allows you to exceed $484,350.

Otherwise, you'd have toadhere to the VA loan limit.

For pricing and thehigh balance fees, please check out the ratepage on CalHFA's website.

A unique feature ofCalHFA's VA program is that it can beused for a borrower whether or not they area first-time homebuyer.

What makes our program so greatis the closing cost assistance.

Layer the CalHFA VA program withour MyHome Assistance Program to allow the veteranto move in with little or no cash out of pocket.

The loan amount for MyHome is3 and 1/2% of the sales price, or the appraised value,whichever is less, which could cover most ofthe veterans closing costs.

Or if the borrower works fora California public school, they can use CalHFA's SchoolTeacher and Employee Assistance Program.

This loan will get them up to4% in closing cost assistance.

You can use only one, eitherMyHome or the school program.

Either way, the interestrate is 3 and 1/4% simple interest withdeferred payments.

Please do not calculate apayment into the borrower's DTI, as it is not required.

Now when we add MyHomeor the school program to the CalHFA VAloan, the veteran does need to be afirst-time homebuyer.

And remember, the definitionof a first-time homebuyer is someone who has not owned andoccupied a principal residence in the past three years.

Both have to be used withthe CalHFA First Mortgage, and must be insecond lien position.

When you're working witha first-time homebuyer, homebuyer education is requiredfor at least one borrower on the loan.

CalHFA does not allow for amanually underwritten loan on a VA loan.

That covers our VAFirst Mortgage Program, and the mortgage assistancethat can be layered with it.

Now let's move on to propertyrequirements and maximum lender origination fees.

The property requirementsfor these programs, for the most part,follow VA guidelines.

Also make sure you adhere toany lender or investor overlays.

The sales price ofthe property must be within CalHFA's publishedsales price limits.

A one-year home warranty isrequired for first-time home buyers, unless they'repurchasing new construction.

The property cannotexceed five acres, and manufacturedhomes are not allowed.

If the propertymeets VA guidelines for an accessory dwellingunit, then as allowed, you can use the rental income.

Now let's talkabout lender fees.

First, you must be aCalHFA approved lender.

Even though CalHFA usuallycaps the lender fees at 3%, on a VA loan, you'llneed to follow VA requirements, includingallowable and non-allowable fees.

Our rates are at par.

So you have to chargeorigination on these loans.

But with the closingcost assistance from MyHome or theschool program, the borrower willstill have very little out-of-pocket expenses.

If VA allows, you can chargean additional processing fee of $250 for MyHomeor the school program.

You may not charge any otherfees, like origination fee or per diem interest,on the subordinate loan.

We want to help make this easy.

So we have provided sometools to help you process loans with CalHFA programs.

The Loan Program HandBookfor each one of our programs includes all the detailsabout the program in one easy handbook.

The Loan Program Matrixprovides a quick reference of terms and requirementsfor all CalHFA programs.

The very popular LoanScenario Calculator will help you calculateloan amounts and print results for your borrowers.

You can find these toolsunder Lenders/Real Estate Agents on our website.

Click on Loan Program HandBooksfor the program handbooks, the calculator icon for theLoan Scenario Calculator, and the Tools, Affidavits, &Docs tab for the Loan Program matrix.

Now let's look at the funstuff before we close.

Our single-familylender training team offers in-person trainingclasses every month across the state.

Attend a four-hour workshop tolearn all about CalHFA's phase programs.

Classes are announcedeach month on our website and through our monthlyeNews announcements.

To sign up for a class,visit CalHFA's website, choose the Training Calendarlink under Lenders/Real Estate Agents, and sign up for a classthat will work best for you.

We also provide customizedmarketing materials that can be downloadedfrom our website by clicking on theLenders/Real Estate Agents section of the website.

Choose the Loan Officers tab,then choose the Sales Tools & Marketing Materials link.

For any questions you may have,contact single-family lending at 916-326-8033.

Or you can email ourlender services division at LenderTraining@calhfa.

Ca.

Gov.

Thank you so much for your time.

Now get out there andhelp more veterans have a place to call home.

How to Get a VA Loan in Ohio

Equity Loan Rates

TURNING NOW TO DAY 20 OF THE PARTIAL GOVERNMENT SHUTDOWN -- FEDERAL EMPLOYEES WON'T RECEIVE PAYCHECKS TOMORROW.

DURING THIS PARTIAL GOVERNMENT SHUTDOWN -- ONE OFFICE THAT YOU CANNOT GET A HOLD OF EITHER -- THE U-S-D-A.

AS NEWS CHANNEL 11'S JORDAN MOORE FOUND OUT TODAY,.

THAT'S PUTTING SOME HOME BUYERS--AND SELLERS, IN LIMBO.

JOSH SARA A POPULAR LOAN OPTION WHEN BUYING A HOME, ESPECIALLY IN MORE RURAL AREAS.

IS A U-S- D-A LOAN A LOAN THAT REQUIRES NO MONEY DOWN, AND REAL ESTATE AGENT AT KELLER WILLIAMS, LINCOLN WALTERS EXPLAINED THIS 100 PERCENT BACKED LOAN, IS SOMETHING THEY SEE A LOT FOR FIRST TIME HOME BUYERS AND AS OF NOW THERE ARE PEOPLE WAITING TO CLOSE ON A HOME, NOT JUST HERE BUT AROUND THE COUNTRY---THAT ARE NOW ON HOLD.

BECAUSE OF THE GOVERNMENT SHUTDOWN "I KNOW THERE'S SEVERAL THAT ARE ON HOLD RIGHT NOW WAITING TO CLOSE, THE ONES THAT ARE IN PROCESSES ALREADY ARE GOING TO BE DELAYED, AND THE ONES THAT ARE WANTING TO GO SHOPPING WITH A USDA LOAN, CAN'T EVEN REALLY DO IT RIGHT NOW BECAUSE THEY AREN'T ACCEPTING ANY NEW APPLICANTS.

" WALTERS SAID HIS CONCERN IS THAT IF THIS GOVERNMENT SHUTDOWN CONTINUES FOR A LONG PERIOD OF TIME, THE SELLERS WAITING FOR A BUYER WITH A U-S-D-A LOAN WON'T WANT TO KEEP WAITING, AND WILL GO WITH ANOTHER BUYER---WHO HAS A CONVENTIONAL LOAN SO HE SAID IT'S IMPORTANT RIGHT NOW TO EDUCATE AND REMIND BOTH BUYERS AND SELLERS THAT DURING THIS SHUTDOWN, THOSE U-S-D-A HOME LOANS, ARE ON HOLD.

Loan Interest Rates

USDA Loan in Ohio | (888) 464-8732 | USDALoanInfo

Mortgage Lender Green OH | (888) 464-8732 | USDALoanInfo

What are the requirements for the USDA program in Green? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan Green.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

Average Mortgage Rates

The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in Green is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

Jumbo Mortgage

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

Mortgage Solutions
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

Fixed Rate

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in Green.

It has to be a Single Family home in the Green area, without a barn structure on the property.

Then it also has some home price limitations.

Housing Loan

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

2nd Mortgage Rates

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

Mortgage Loan Interest Rates

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loans in Green – Do You Pre-Qualify?

Average Mortgage Rates

What's the process, when do you even start looking for a loan? Do you advise that people start before they even find a house or is this something where uh, once you kind of find the place you should go and get a long, kind of, pre-qualified? I always recommend that you start with the mortgage lender, before you start shopping and getting your heart set on something that may or may not be in your price range.

I always usually recommend, if possible, stay with a local lender.

That way there's no excuse of, "I didn't get the fax that you sent me.

" You can actually go into the office.

Just like Joel, he's right here in Greenwood.

Bring the stack of papers to him and say, "You scan it, and you send it off.

" But yeah, a mortgage lender is like the very first step.

You can contact a realtor, I love it when people contact me first because I have preferred people that I've had experience with, working with lenders.

Usually your realtor is going to have a list of lenders that they have worked transactions successfully with that they can provide you some guidance on.

Yeah, and just to reiterate on that a little bit, there's nothing wrong with going and seeing Melissa and letting her know what you're looking for, so she can start kind of taking a look at the market and seeing what's going on, but you really want to come talk to a lender first because let's say you go and you find this house and it's $250,000 or $200,000 or whatever it may be and you love this house and it's everything you've ever wanted and you put in an offer and then you go talk to your lender afterward, there may be something that came up on your credit you weren't or your income didn't quite qualify you for that much.

Then the next thing you know, all your hopes and dreams are gone, and you'll be upset.

So get with your lender to make sure you're prepared before you go out and start you know, looking at houses.

Well, even if you are going to be looking, maybe next year, or six months out, I would say go ahead and contact a lender because, like, Joel's great about looking at their credit and saying, "Hey, this is going to cause you some problems, these are some ways you can go ahead and, you know, step up that credit score by, you know, doing X, Y, and Z.

" So it's always to go ahead, as early as you can and start working with your lender to get yourself ready.

Yeah, it's never too to get in touch with me and let me know what you're looking for.

So immediately? Mmhmm.

Yep.

Rubicon Mortgage Fund | Ohio Bridge Lender

Best Home Equity Loans

(upbeat music) - In today's video, weare going to discuss the different type of mortgage products available for self-employedpeople in Canada who are looking in purchasing and refinancing residential real estate.

For the purpose of this video, we're going to break itdown to A, B, and C lending.

Let's begin with A lending.

These lenders generally offerthe best interest rates, with no lender or broker fee.

In order to qualify for these terms, you must have enough provable income on your personal tax return.

There's obviously a lotmore to it than that, but generally speaking,that's the main way they will look at your income.

There is an exception to the rule for people who are looking to purchase a property valued under a million dollars.

There's a stated income product available through the mortgage default insurers which a handful of lenders have adopted.

For more information on this product, please see the link belowfor a detailed blog.

Now, let's assume you don'thave enough provable income to qualify with an A lender.

We then look at optionsthrough the B lending category.

B lenders are a lot more liberal when it comes to income they can use.

Because of this, they're gonna charge youa higher interest rate and a lender fee.

Usually, these lenders willcharge a 1% lender fee, and the broker willcharge a.

5% broker fee.

There are other factors thatgo into the final fee amount, but generally speaking,that's how most lenders and brokers operate.

Most B lenders will look at the past six to 12 months of yourbusiness bank statements.

They're gonna go throughan underwriting procedure and process to figure out the expenses, and ultimately determine a reasonable personal income that they can use for you.

The interest rate andpricing will be determined by several factors,like your credit score, the loan-to-value, the location and condition of the property.

There's a link below where wedive deeper into this topic.

If you don't qualify with a B lender, because maybe yourcredit score is too low, or maybe you don't deposit enough of your revenues into your bank account, because maybe you're primarilya cash-based business, we would then move tothe C lending category.

C lending is generallyconsidered equity lending.

This means these lendersgenerally don't care about your income and credit.

Now, there are certain lenders who do care about the income andcredit to some degree, but generally speaking, most don't.

The pricing on the rate and fee is usually based on the loan-to-value and location of the property.

A C lender can be a mortgageinvestment corporation with hundreds of millions to lend out, down to an individual who's lending out their personal money as a mortgage.

The C lending option is very expensive, and we generally recommend people avoid it unless absolutely necessary.

There are categoriesbetween each of the ones I just discussed, but forthe purpose of this video, we wanted to give you a general overview of how mortgage products work for self-employed people in Canada.

It's always best to work with a trusted mortgage professional who can do a proper assessment to get you the best overall fit to meet your goals.

(upbeat music).

Mortgage Services

USDA Loan in Ohio | (888) 464-8732 | USDALoanInfo

USDA Loan Marysville OH | (888) 464-8732 | USDALoanInfo

What are the requirements for the USDA program in Marysville? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan Marysville.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

Property Loan

The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in Marysville is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

Fixed Rate Mortgage

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

Commercial Mortgage Rates
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

American Home Mortgage

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in Marysville.

It has to be a Single Family home in the Marysville area, without a barn structure on the property.

Then it also has some home price limitations.

Home Equity Line

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

Average Mortgage Rates

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

Refi

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loans in Marysville – Do You Pre-Qualify?

Loan Interest Rates

- Hey guys, Austin Schneider here, and today we're gonna gothrough the pros and cons of a USDA loan.

(jazzy music) Pro number one is that there is an option for no down payments.

Con number one is that there's some geographical restrictions.

Because this program is meant to support purchasing a home in rural areas, there are geographical restrictions that could cause quite a long commute if you are working in the city.

Pro number two, there's someflexible credit guidelines.

There's the 640 minimum, andif you do have a few dings, you're probably gonna still be okay.

Con number two is thatthere's some income limits.

You do have to meet income limits that are based off of the median income in the area you're living in.

Pro number three isthat the interest rates are typically lower than yourstandard conventional loan.

Con number three is that you can't get out of the mortgage insurance.

While it is a little bitlower with the USDA loan, it's still gonna addto your overall costs.

Thanks so much for watching.

For more on USDA loans,for the pros and cons, check out our blog atTheMortgageReports.

Com.

Thanks so much for watching,we'll see you on the next one.

How to buy a home with no money down - USDA Home Loan Program

Home Equity Line

- Hey guys, Austin Schneider here and today we're gonnatalk about USDA loans.

So USDA loans are a government program meant to promote homeownership in rural areas.

Typically the costs aresignificantly lower.

You get into home ownership with this.

Zero percent down, mortgage insurance is significantly less than your FHA loans andyour interest rates too are typically lower than yourtraditional mortgage rates.

They're available fromany mortgage lender.

So you don't have to gothrough a special entity or even the government to get approved.

There are income limitson this type of loan.

So you need to make sure you qualify because they are meantfor the medium earners.

And the loans are geographically based.

So the home that you're purchasing must be in an eligible area but most suburban areas are.

And if you're a home buyer, if you're thinking about buying a home I encourage you tocheck this one out first before you jump right into conventional because you may be surprised.

For more on this topic,for more about USDA loans click the link in the description.

Thanks so much for watching and we'll see you on the next video.

Second Mortgage Rates

USDA Loan in Ohio | (888) 464-8732 | USDALoanInfo

USDA Pre-Approval Broadview Heights OH | (888) 464-8732 | USDALoanInfo

What are the requirements for the USDA program in Broadview Heights? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan Broadview Heights.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

Loan Interest Rates

The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in Broadview Heights is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

Usda Loan Income Limits

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

Best Home Equity Loans
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

Mortgage Rates Florida

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in Broadview Heights.

It has to be a Single Family home in the Broadview Heights area, without a barn structure on the property.

Then it also has some home price limitations.

Usda Guaranteed Loan

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

Fha Mortgage

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

Balloon Mortgage

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loans in Broadview Heights – Do You Pre-Qualify?

Mortgage Principal

Hey everyone I am in Pleasant Grove thismorning (or this afternoon rather) with a good friend of mine Garrett Peterson.

Heworks for First Colony Mortgage and we are in the building, I just call it the instructurebuilding, it's the new building off of the Pleasant Grove Boulevard exit andFirst Colony is moving into here.

They're shutting down a couple of.

What they'reshutting down three offices in Lehi, Orem and Pleasant Grove.

So anyway First Colony and Garrett- a number of youpeople probably have worked with Garrett because I've referred him to a number ofyou and he's a great guy anyway just wanted to show you their office just alittle bit! This building is a really cool building with a great parking lot.

If youcome here and you have your Tesla or your BMW that needs to get charged there is a charging station for you while you come in and talk to Garrett! Just on the eastside is what, four charging stations so they're kind of cool! A lot ofthings going on here besides just this building: you've got a strip over herewith restaurants, and you've got all this going on with doTERRA over here they're constructing more hotels that are going to be coming online just upthe road, you know Macy's, the Walmart.

anyway a lot of stuff happening aroundhere! But anyway one of the things I wanted to just have Garrett share withyou for a second - because in a lot of areas we saw some days on market that inSeptember, October, November properties were staying on the market a little bitlonger.

It seemed like okay, we might be getting more inventory, but that didn'thappen very much.

Not a whole lot more listed.

But then December some of thedays on market went back, and shortened! So anyway I just want tohave Garrett share with you some of his insight just a little bit and if youhave questions get a hold of me and Garrett with First Colony ishappy to help you.

As far as the mortgage anda lot of those questions, I just refer to him anyway! But tell me just real quickwhat we were talking about and what you were seeing.

that things kind of stayed eventhroughout the year.

Yeah, our numbers were fairly consistentthrough the four quarters of last year as far as a first company standpointwith First Colony Mortgage.

Interest rates came down and helped a little bitthis year already compared to last year as well.

The process itself as far asclosing a loan takes right around three weeks, so as far as actually gettinga deal done, we haven't been standing in the way of anybody buying a house.

It'smore just a number of listings, which Brian is the expert on the number oflistings and the days on the market as well! But we're excited to move into ournew building here, yeah we're going to have everybody all together, all of ourunderwriters.

We're a local company, still kind of a hometown feel for us, and we'rejust excited to get everybody together and have a great production staff andget things done and keep the ball rolling.

The sign just went up two weeksago, it's just right off the exit of Pleasant Grove.

Yeah, Pleasant GroveBoulevard exit, in fact the sign, the First Colony sign is on the east side, so you got the prime sign position.

But anyway, you know one of the nice things Garrett hasdone for me a number of times is he's always willing to give a just a good-faith estimate.

So if you're already using a lender, he'll come in andjust say hey this is what we can do! Actually I've had clients thathave gotten within just a week or within just a few days of closing andsomething's come up with their lender.

Garrett's jumped into it! And he justsaid three weeks to close, but he's done even shorter than that for me insome emergency cases! So anyway even if you have a lender it's alwaysgood to just get a backup, so if something happens when you'regetting close to settlement you can jump in and just say, hey we need to seewhat you can do you.

We've had a lien come up or we've had somethinghappen or something like that, an appraisalinspection, I mean so many things can happen and if you've bought ahome or if you're starting the process, not to discourage you- but just know we try to minimize your risk.

As a Realtor, as aLender, we're just trying to minimize your risk and trying to help you get through the process, make sure you're getting the best deal possible that makes the mostsense.

And everybody's situation is different so we'd be happy to take a look at it.

Anyway, we're just gonna walk in the the first part right here of theiroffice.

I mean they've got so many windows I think everybody's an executive nowbecause everybody's going to have an office with a window, right! So here'syour Lobby, the front desk, really cool lighting.

Maybe we'll just walk aroundhere a little bit you can see you do have some offices in here.

So these aregoing to be the lenders that are just starting versus if you get somebody likeGarrett here, he's gonna have an office with them here with windowsfacing the parking lot and the mountains look at that view - that's awesome! Okay well we're gonna run, but yeah ifyou have any questions, for sure get back with me, whether it's RealEstate, Lending with First Colony Mortgage they're one of the great great companiesI like to refer a lot! So thank you, take care, I appreciate you letting me come and check out your office.

You're welcome anytime to stop by!.

How to buy a home with no money down - USDA Home Loan Program

30 Year Mortgage

hey this is Chris the mortgage pro todayI'm gonna teach you how to qualify for a mortgage well there's a lot of thingsobviously that a lender has to look at so let's go through each and every oneof them the first one that stops everybody and they get all nervous iscredit now some people have outstanding credit and some people hey they havechallenges maybe they had late pays you know bad things happen to good peopleall the time and sometimes that's the reason for a low credit score sometimesit's you don't even have enough credit so let me give you a way to think abouthow the lender will look at your credit they say to themselves hey if this guycan't pay a $25 a month credit card are we gonna lend them three hundredthousand dollars it's a small way of thinking don't think fold up thinkbigger think I'm not gonna go out to dinner I'm gonna pay my bills first youpay your bills this is what my mama taught me first you pay your bills youpay the mortgage you pay all your other debts then you figure out a wheat andsteak over eaten beans it's just a way to think if you think like that in ashort period of time your credits gonna be good enough to fire your landlordokay next thing lender needs to know income well do you have job stabilityhow long you been on your job look you could get a job and get approved thenext day you really can but if you change jobs every three months well thatjob stability isn't there they want to see some kind of stability do they wantto see income of course how do they know that you can afford to make that paymentthey need to know that you have the income they expect it to continue forusually three years is what they're looking for obviously you can get fireyou can get laid off things could change but they have a reasonable expectationof three years going forward that the income will continue so they want to seethat they'd love to see a history the stronger the history the stronger thecase you could fire your landlord okay next thing they want to seedownpayment they call this skin in the game if you put up your own money thatyou worked hard for for a down payment they say hey they got some skin in thegame they're serious they're committed now if you put a zero down program andwe have these zero down programs they work great for some people but it makesa little bit tougher for the underwriter to say yeah they're worth taking a shoton so we want to see a down payment sometimes people put $200,000 on a downon a four hundred thousand dollar house do they have some skin in the gameit makes the underwriters decision way easier doesn't it and if a person can'tput a thousand or two thousand dollars down it makes the underwriter a littlenervous so take advantage of the programs save some money but be surethat you're ready to show you're committed to this transaction okaysomething else obviously the underwriter wants to seewe need an appraisal of the property we have to know the lender needs to knowthat if it's a four hundred thousand dollar loan that the house isn't worththree hundred and fifty thousand dollars so the collateral is the last piece ofthe puzzle that they have to make sure it's worth it but that also protects youas the borrower why because if you commit to buying a house for $400,000and it appraises at three hundred and eighty thousand is that something youreally want to do so this is designed to protect you and protect the lenderthat's a big deal okay not only do they want to see your credit but on thecredit report it's a list of debts what do you mean well you have your carpayment on there you have your credit cards you may have child support alimonywe have to look at all the debts if you make $5,000 a month but you have $2,000a month in debt doesn't leave a whole lot for a house payment so we have tolook at all the numbers versus your income so that's the last thing thatthey're gonna want to see how much is going out already because you're gonnaadd on this new house payment okay so those are the five things that alender needs to see they want to see your credit are youresponsible do you pay your bills on time or do you make excuses for notpaying them do you have crazy debt that's out of control that you can'thandle when you add on house payment do you have income and job stabilityhow's that going do you have five new jobs or one new jobit doesn't really matter if you have two or three jobs but if you change your jobon a regular basis not gonna work what else they want to see how much moneyyou've saved what's in your 401k what's in your IRA what is in your bank do yousave money do you have a financial responsibility that you are showing youare a responsible borrower those are the key things they want to see andobviously the appraisal they want to make sure the collateral is solid itprotects the lender and protects you so this is Chris Trapani call me I'll helpyou figure it out and together we're going to fire your landlord!.

Applying For A Mortgage

USDA Loan in Ohio | (888) 464-8732 | USDALoanInfo

Mortgage Lender East Cleveland OH | (888) 464-8732 | USDALoanInfo

What are the requirements for the USDA program in East Cleveland? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan East Cleveland.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

Commercial Mortgage Rates

The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in East Cleveland is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

Interest Only Mortgage

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

Fha Mortgage
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

Countrywide Mortgage

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in East Cleveland.

It has to be a Single Family home in the East Cleveland area, without a barn structure on the property.

Then it also has some home price limitations.

Interest Only Mortgage

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

Balloon Mortgage

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

Usda Eligibility Map

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loans in East Cleveland – Do You Pre-Qualify?

Bad Credit Mortgage Loans

Hi, everyone! Melanie Cameron herewith The Cameron Team, Coldwell Banker Sea Coast Advantage in Wilmington, NorthCarolina.

Had an important topic that I wanted to bring to everyone's attentionthat is as a deadline coming up really fast.

A lot of buyers in this area likethe USDA 100% financing program, and what that is is a programthat allows for homes that are in certain areas to be eligible for 100%financing.

Those maps are getting redrawn, as effective June 4th.

A lot of the mapsin our area that were previously eligible for the 100%financing will no longer be eligible for the 100% financing.

Stillgot a little bit of time to take advantage of it, like again, the mapschange on June 4th, which is little less than two weeks away.

There are somecriteria that have to be met in order to to still get that in the areas that aregoing to no longer be eligible after June 4th.

You have to have a signedcontract, ratified contract, by both parties dated before June 4th.

You have to have your loan application turned in with the property address onthe property turned in before June 4th and the loan estimate has to be issuedby the lender within 3 days of the application date.

So, a couple of things.

There.

Obviously, the buyer would still need to make all the other necessaryqualifications for the USDA loan, but a lots going on.

So, if you're consideringor on the fence about looking at a home that's in the USDA eligible area, thatmight not be in the USDA eligible area in a couple weeks, might want to go aheadand make a decision.

If you have any questions about that, give us a call.

Youcan reach us at 910-202-2546.

Check us out at TheCameronTeam.

Net.

Remember to continue to like/share/comment on Facebook andYouTube to get in on our monthly drawings.

Have a great day, everyone!.

What is a USDA Loan?

Second Mortgage Rates

Did you know that most veterans, bothactive and retired, don't realize they can actually qualify to purchase a homewith no money down at all? Hi! This is Rose Gonzales with Keller WilliamsRealty.

They also don't have to pay mortgage insurance.

Another benefitto veterans is that the debt to income ratio is lower, so they can qualify formore house.

For more information on this and to find out how you may qualify ifyou're an active veteran or retired veteran, give me a call.

Rose Gonzales,Keller Williams Realty.

Mortgage Services

USDA Loan in Ohio | (888) 464-8732 | USDALoanInfo

Mortgage Lender Vandalia OH | (888) 464-8732 | USDALoanInfo

What are the requirements for the USDA program in Vandalia? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan Vandalia.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

Home Refinance

The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in Vandalia is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

Equity Loan Rates

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

Bad Credit Mortgage Loans
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

Usda Land Loans

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in Vandalia.

It has to be a Single Family home in the Vandalia area, without a barn structure on the property.

Then it also has some home price limitations.

Fha Mortgage

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

Mortgage Application

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

Second Mortgage Rates

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loans in Vandalia – Do You Pre-Qualify?

Equity Loan Rates

[MUSIC PLAYING] Hello, and welcome toCalHFA's lender training.

My name is Molly Ellis.

Our focus in this video isour VA first mortgage program, basic guidelines,and the best ways to layer closing cost assistanceto benefit your veteran.

First, let's talk aboutour CalHFA VA program.

It's a VA first mortgage withan affordable interest rate.

It has a maximumloan-to-value of 100%, and a maximum combinedloan-to-value of 105%.

The minimum creditscore is 640, and the maximum debt-to-incomeratio is 45.

Technically, CalHFA doesn'thave a loan amount limit.

However, we do chargea high balance fee for any loan over $484,350.

This would only beapplicable if the VA loan limit in the countythe property is located allows you to exceed $484,350.

Otherwise, you'd have toadhere to the VA loan limit.

For pricing and thehigh balance fees, please check out the ratepage on CalHFA's website.

A unique feature ofCalHFA's VA program is that it can beused for a borrower whether or not they area first-time homebuyer.

What makes our program so greatis the closing cost assistance.

Layer the CalHFA VA program withour MyHome Assistance Program to allow the veteranto move in with little or no cash out of pocket.

The loan amount for MyHome is3 and 1/2% of the sales price, or the appraised value,whichever is less, which could cover most ofthe veterans closing costs.

Or if the borrower works fora California public school, they can use CalHFA's SchoolTeacher and Employee Assistance Program.

This loan will get them up to4% in closing cost assistance.

You can use only one, eitherMyHome or the school program.

Either way, the interestrate is 3 and 1/4% simple interest withdeferred payments.

Please do not calculate apayment into the borrower's DTI, as it is not required.

Now when we add MyHomeor the school program to the CalHFA VAloan, the veteran does need to be afirst-time homebuyer.

And remember, the definitionof a first-time homebuyer is someone who has not owned andoccupied a principal residence in the past three years.

Both have to be used withthe CalHFA First Mortgage, and must be insecond lien position.

When you're working witha first-time homebuyer, homebuyer education is requiredfor at least one borrower on the loan.

CalHFA does not allow for amanually underwritten loan on a VA loan.

That covers our VAFirst Mortgage Program, and the mortgage assistancethat can be layered with it.

Now let's move on to propertyrequirements and maximum lender origination fees.

The property requirementsfor these programs, for the most part,follow VA guidelines.

Also make sure you adhere toany lender or investor overlays.

The sales price ofthe property must be within CalHFA's publishedsales price limits.

A one-year home warranty isrequired for first-time home buyers, unless they'repurchasing new construction.

The property cannotexceed five acres, and manufacturedhomes are not allowed.

If the propertymeets VA guidelines for an accessory dwellingunit, then as allowed, you can use the rental income.

Now let's talkabout lender fees.

First, you must be aCalHFA approved lender.

Even though CalHFA usuallycaps the lender fees at 3%, on a VA loan, you'llneed to follow VA requirements, includingallowable and non-allowable fees.

Our rates are at par.

So you have to chargeorigination on these loans.

But with the closingcost assistance from MyHome or theschool program, the borrower willstill have very little out-of-pocket expenses.

If VA allows, you can chargean additional processing fee of $250 for MyHomeor the school program.

You may not charge any otherfees, like origination fee or per diem interest,on the subordinate loan.

We want to help make this easy.

So we have provided sometools to help you process loans with CalHFA programs.

The Loan Program HandBookfor each one of our programs includes all the detailsabout the program in one easy handbook.

The Loan Program Matrixprovides a quick reference of terms and requirementsfor all CalHFA programs.

The very popular LoanScenario Calculator will help you calculateloan amounts and print results for your borrowers.

You can find these toolsunder Lenders/Real Estate Agents on our website.

Click on Loan Program HandBooksfor the program handbooks, the calculator icon for theLoan Scenario Calculator, and the Tools, Affidavits, &Docs tab for the Loan Program matrix.

Now let's look at the funstuff before we close.

Our single-familylender training team offers in-person trainingclasses every month across the state.

Attend a four-hour workshop tolearn all about CalHFA's phase programs.

Classes are announcedeach month on our website and through our monthlyeNews announcements.

To sign up for a class,visit CalHFA's website, choose the Training Calendarlink under Lenders/Real Estate Agents, and sign up for a classthat will work best for you.

We also provide customizedmarketing materials that can be downloadedfrom our website by clicking on theLenders/Real Estate Agents section of the website.

Choose the Loan Officers tab,then choose the Sales Tools & Marketing Materials link.

For any questions you may have,contact single-family lending at 916-326-8033.

Or you can email ourlender services division at LenderTraining@calhfa.

Ca.

Gov.

Thank you so much for your time.

Now get out there andhelp more veterans have a place to call home.

Hard Money Correspondent Program for Lenders & Mortgage Brokers

Fha Mortgage

Hey everyone I am in Pleasant Grove thismorning (or this afternoon rather) with a good friend of mine Garrett Peterson.

Heworks for First Colony Mortgage and we are in the building, I just call it the instructurebuilding, it's the new building off of the Pleasant Grove Boulevard exit andFirst Colony is moving into here.

They're shutting down a couple of.

What they'reshutting down three offices in Lehi, Orem and Pleasant Grove.

So anyway First Colony and Garrett- a number of youpeople probably have worked with Garrett because I've referred him to a number ofyou and he's a great guy anyway just wanted to show you their office just alittle bit! This building is a really cool building with a great parking lot.

If youcome here and you have your Tesla or your BMW that needs to get charged there is a charging station for you while you come in and talk to Garrett! Just on the eastside is what, four charging stations so they're kind of cool! A lot ofthings going on here besides just this building: you've got a strip over herewith restaurants, and you've got all this going on with doTERRA over here they're constructing more hotels that are going to be coming online just upthe road, you know Macy's, the Walmart.

anyway a lot of stuff happening aroundhere! But anyway one of the things I wanted to just have Garrett share withyou for a second - because in a lot of areas we saw some days on market that inSeptember, October, November properties were staying on the market a little bitlonger.

It seemed like okay, we might be getting more inventory, but that didn'thappen very much.

Not a whole lot more listed.

But then December some of thedays on market went back, and shortened! So anyway I just want tohave Garrett share with you some of his insight just a little bit and if youhave questions get a hold of me and Garrett with First Colony ishappy to help you.

As far as the mortgage anda lot of those questions, I just refer to him anyway! But tell me just real quickwhat we were talking about and what you were seeing.

that things kind of stayed eventhroughout the year.

Yeah, our numbers were fairly consistentthrough the four quarters of last year as far as a first company standpointwith First Colony Mortgage.

Interest rates came down and helped a little bitthis year already compared to last year as well.

The process itself as far asclosing a loan takes right around three weeks, so as far as actually gettinga deal done, we haven't been standing in the way of anybody buying a house.

It'smore just a number of listings, which Brian is the expert on the number oflistings and the days on the market as well! But we're excited to move into ournew building here, yeah we're going to have everybody all together, all of ourunderwriters.

We're a local company, still kind of a hometown feel for us, and we'rejust excited to get everybody together and have a great production staff andget things done and keep the ball rolling.

The sign just went up two weeksago, it's just right off the exit of Pleasant Grove.

Yeah, Pleasant GroveBoulevard exit, in fact the sign, the First Colony sign is on the east side, so you got the prime sign position.

But anyway, you know one of the nice things Garrett hasdone for me a number of times is he's always willing to give a just a good-faith estimate.

So if you're already using a lender, he'll come in andjust say hey this is what we can do! Actually I've had clients thathave gotten within just a week or within just a few days of closing andsomething's come up with their lender.

Garrett's jumped into it! And he justsaid three weeks to close, but he's done even shorter than that for me insome emergency cases! So anyway even if you have a lender it's alwaysgood to just get a backup, so if something happens when you'regetting close to settlement you can jump in and just say, hey we need to seewhat you can do you.

We've had a lien come up or we've had somethinghappen or something like that, an appraisalinspection, I mean so many things can happen and if you've bought ahome or if you're starting the process, not to discourage you- but just know we try to minimize your risk.

As a Realtor, as aLender, we're just trying to minimize your risk and trying to help you get through the process, make sure you're getting the best deal possible that makes the mostsense.

And everybody's situation is different so we'd be happy to take a look at it.

Anyway, we're just gonna walk in the the first part right here of theiroffice.

I mean they've got so many windows I think everybody's an executive nowbecause everybody's going to have an office with a window, right! So here'syour Lobby, the front desk, really cool lighting.

Maybe we'll just walk aroundhere a little bit you can see you do have some offices in here.

So these aregoing to be the lenders that are just starting versus if you get somebody likeGarrett here, he's gonna have an office with them here with windowsfacing the parking lot and the mountains look at that view - that's awesome! Okay well we're gonna run, but yeah ifyou have any questions, for sure get back with me, whether it's RealEstate, Lending with First Colony Mortgage they're one of the great great companiesI like to refer a lot! So thank you, take care, I appreciate you letting me come and check out your office.

You're welcome anytime to stop by!.

Property Loan

USDA Loan in Ohio | (888) 464-8732 | USDALoanInfo

Best USDA Loan Cleveland OH | (888) 464-8732 | USDALoanInfo

What are the requirements for the USDA program in Cleveland? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan Cleveland.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

Mortgage Loan Rates

The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in Cleveland is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

Mortgage Rates Florida

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

Jumbo Mortgage
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

Mortgage Services

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in Cleveland.

It has to be a Single Family home in the Cleveland area, without a barn structure on the property.

Then it also has some home price limitations.

Rd Loan

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

Fixed Rate Mortgage

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

Mortgage Rates Florida

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loans in Cleveland – Do You Pre-Qualify?

Mortgage Rates California

- Do you pay your taxes withan Individual Tax ID or ITIN? You may have been denied a home loan.

Some other mortgagecompanies might tell you that you can't qualify, justbecause of your ITIN status.

Come to Sierra Lendingfor a different answer! At Sierra, we focus on borrowers like you who work hard for a livingand pay taxes with an ITIN.

We understand your situation is unusual.

For example, maybe yourtax returns don't reflect your true ability to pay a mortgage.

Or maybe it's hard for youto document your down payment because it's in cash.

Well, if you have good creditand can make a down payment, let Sierra Lending helpyou and your family into the home you've earned.

We know working folks likeyou deserve the same chance to get a mortgage.

Don't worry if your taxreturns don't reflect your true income or that you need help documenting your down payment.

Sierra Lending can look atyour full financial picture.

And we can qualify youfor a great mortgage in as little as two weeks.

At Sierra, we believe all working people are entitled to the Americandream of owning your own house.

Let's work together to get your family into your dream house.

Contact us today! (bright music).

Hard Money Correspondent Program for Lenders & Mortgage Brokers

Usda Guaranteed Loan

TURNING NOW TO DAY 20 OF THE PARTIAL GOVERNMENT SHUTDOWN -- FEDERAL EMPLOYEES WON'T RECEIVE PAYCHECKS TOMORROW.

DURING THIS PARTIAL GOVERNMENT SHUTDOWN -- ONE OFFICE THAT YOU CANNOT GET A HOLD OF EITHER -- THE U-S-D-A.

AS NEWS CHANNEL 11'S JORDAN MOORE FOUND OUT TODAY,.

THAT'S PUTTING SOME HOME BUYERS--AND SELLERS, IN LIMBO.

JOSH SARA A POPULAR LOAN OPTION WHEN BUYING A HOME, ESPECIALLY IN MORE RURAL AREAS.

IS A U-S- D-A LOAN A LOAN THAT REQUIRES NO MONEY DOWN, AND REAL ESTATE AGENT AT KELLER WILLIAMS, LINCOLN WALTERS EXPLAINED THIS 100 PERCENT BACKED LOAN, IS SOMETHING THEY SEE A LOT FOR FIRST TIME HOME BUYERS AND AS OF NOW THERE ARE PEOPLE WAITING TO CLOSE ON A HOME, NOT JUST HERE BUT AROUND THE COUNTRY---THAT ARE NOW ON HOLD.

BECAUSE OF THE GOVERNMENT SHUTDOWN "I KNOW THERE'S SEVERAL THAT ARE ON HOLD RIGHT NOW WAITING TO CLOSE, THE ONES THAT ARE IN PROCESSES ALREADY ARE GOING TO BE DELAYED, AND THE ONES THAT ARE WANTING TO GO SHOPPING WITH A USDA LOAN, CAN'T EVEN REALLY DO IT RIGHT NOW BECAUSE THEY AREN'T ACCEPTING ANY NEW APPLICANTS.

" WALTERS SAID HIS CONCERN IS THAT IF THIS GOVERNMENT SHUTDOWN CONTINUES FOR A LONG PERIOD OF TIME, THE SELLERS WAITING FOR A BUYER WITH A U-S-D-A LOAN WON'T WANT TO KEEP WAITING, AND WILL GO WITH ANOTHER BUYER---WHO HAS A CONVENTIONAL LOAN SO HE SAID IT'S IMPORTANT RIGHT NOW TO EDUCATE AND REMIND BOTH BUYERS AND SELLERS THAT DURING THIS SHUTDOWN, THOSE U-S-D-A HOME LOANS, ARE ON HOLD.

Home Loan Rates

USDA Loan in Ohio | (888) 464-8732 | USDALoanInfo