Loan applications get turned down every day, but USDA loans have a unique aspect about them. If you think you may be eligible for this program, keep reading to learn the most common reasons USDA lenders turn loan applications down. Looking for Current Mortgage Interest Rates? Click Here. What is the USDA Loan? First, let’s look at how the USDA loan works, as it’s a unique program compared to any others available today. USDA loans provide 100% financing for borrowers that make less than … [Read more...]
How to Find USDA Approved Lenders
When you want a USDA loan, you need a specific lender. Specifically, you need USDA approved lenders. You won’t know just from their name or the look of their building, though. You’ll have many choices. Some banks are large, yet others are independent banks that are much smaller in nature. Looking for Current Mortgage Interest Rates? Click Here. What you should care about above anything else, though, is the lender’s record with USDA loans. The USDA has some very particular guidelines you … [Read more...]
What Do Lenders Look For in Your USDA Loan Application?
Just because a USDA loan has less stringent qualifications doesn’t automatically mean everybody can qualify for the program. For starters, it is established for a specific segment of the borrower market, specifically low-to-moderate income families who have lower chances of obtaining conventional mortgages. A USDA loan lender looks for a certain range of qualifications in your application to determine if you are eligible for the program. Here are the most common considerations that lenders … [Read more...]
Things to Consider When Buying a Home in a Rural Area
Buying a property away from the dazzle and drama of urban life is a dream for many. Retiring into the peace and quiet of rural life at the end of the day appeals not just to the senses but to one’s peace of mind. Indeed, the simple conveniences of rural living are convincing more people to invest on a rural property. However, buying a home in these areas can prove to be more challenging than you think. Water, Power Source Getting water outside the urban cities can be difficult. Keep in mind … [Read more...]
Our First Look at EZ Guarantee Loans
In an effort to cater to more borrowers, the US Department of Agriculture (USDA) has announced a new addition to its range of financing options. EZ Guarantee Loans intends to help financially limited farmers and ranchers get loans for up to $100,000 from approved lenders. Particulars EZ Guarantee Loans are administered by the Farm Service Agency through its Guaranteed Farm Loan Program. The program’s goal is to help farmers and ranchers obtain loans with reasonable terms to finance the … [Read more...]
You Could be Eligible for a USDA Home Loan
Things to remember when researching for a home loan; knowing what and how much you can afford and finding not only the best loan, but lender as well. In 2014 the USDA invested twenty billion dollars to help nearly 140K families buy their own home. The program these families were able to use was designed to improve the economy and quality of life. This program offers not only low interest rates, but also little to no down payments and it’s quite easy to be approved. What Makes USDA Loan Programs … [Read more...]
USDA Loans at Wells Fargo
USDA loans are more popular than ever - and not just because they offer a true no-money-down loan option for home buyers. USDA loans offer low interest rates and are available for many homes that people want to live in. Because one of the biggest banks in America is Wells Fargo, many people who are searching for USDA loans ask "are USDA loans available at Wells Fargo?" and the answer is yes. »Check for Your Eligibility» USDA Loans at Wells Fargo - And More! USDA loans are available at … [Read more...]
USDA Loans at Chase Bank
One of the larger lenders in the US is JPMorgan Chase and many people who are interested in getting USDA loans ask the question: Can you get USDA loans at Chase Bank? Chase Bank Offers USDA Loans While it is true that Chase Bank offers the USDA loans program for people to buy a new home with no money down, the truth is that if you are considering a USDA loan, you are going to want to get multiple quotes from multiple lenders about your USDA loan because not all lenders are created … [Read more...]
Bank of America USDA Loans
Is there such as thing as the Bank of America USDA Loans Program? Yes and no. Yes, there is really a program called the USDA loan program and it is designed to help homeowners finance a home as their primary residence at the lowest possible cost. No, the USDA loans program is not specific to Bank of America (or any other bank). There are approved USDA lenders (of which, Bank of America is one) who can help you with the USDA loans program and are approved to lend mortgage loans that are … [Read more...]