Eligible areas will not change until at least October 1, 2014! When the 2010 Census maps were drawn up, and analyzed, many communities across the US were scheduled to lose their “rural” designation based on updating the USDA eligibility map. I’ve personally spoken to a number of first time home buyers who have been […]
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Browsing Posts tagged USDA Mortgages
Today’s USDA Home Loan Rates For October 19th, 2012 USDA Program Updated Rates *Please note that USDA loan rates are subject to change daily.* *We now have credit score tier specific USDA Mortgage Rates!* *All USDA loan rates posted are based on 30 day locks. * *Please note that the USDA home loan rates posted […]
When the 2010 Census maps were drawn up, and analyzed, it showed many communities across the US were scheduled to lose their “rural” designation based on updating the USDA eligibility map and that would cost them the opportunity to qualify for the No Money Down USDA Mortgage starting October 1, 2012. I’ve personally spoken […]
USDA Mortgage Funding Update – 9/26/2012! Back on August 21st, 2012, I posted an update regarding the availability of USDA Mortgage funding for refinance transactions. See that post by clicking the link below. http://usdamortgageonline.com/usda-refinance-funds-have-been-exhausted-for-fiscal-year-2012/ I am pleased to announce that we are again closing and funding ALL USDA Mortgage loans using the […]
USDA Mortgages and Student Loans, What You Need To Know STUDENT LOANS AND DEBT-TO-INCOME RATIOS: Income Based Repayments and Deferred loans Student loans are long term liabilities that must be included in the debt ratio calculation per USDA Mortgage Instruction 1980-D, section 1980.345(c). Because some student loans are not on fixed payment […]
