All Posts in USDA Rural Housing Loans

Fed Meetings and their impact on consumers

July 18, 2011

The Federal Reserve released its June 2011 Federal Open Market Committee meeting minutes Tuesday. It contained no surprises and, as such, mortgage rates in Pennsylvania and New Jersey have idled in the hours since. The Fed Minutes is published 8 times annually, three weeks after each scheduled Federal Open Market Committee meeting. It’s the official log […]

How will being pre-qualified help my home search?

June 18, 2011

Today most consumer’s start their home search online. It is important to know the advantages of being a pre-qualified buyer. There are several reasons that this will help you. First and foremost that this is free service that will help you find out the max range of homes you can look at but it also […]

“No closing costs loans” explained

May 9, 2011

  Did you know that one of the popular loans right now is the 30 year fixed “no closing costs loan“. Some lenders want you to think it’s a magic trick. Today I’m going to reveal to you how it’s done. Here’s how it works. The loans come at a slightly higher interest rate and […]

Top Road Blocks on the path to Home Ownership

May 3, 2011

Without question, today’s real estate market is considered a buyer’s market. By understanding the reasons why people are having trouble getting a mortgage, you can make sure that you are in position to buy. Learning these issues that others may have encountered you can make the whole home buying process much more enjoyable.  I have […]

How to search for a banked owned USDA eligible property

April 19, 2011

When I speak to perspective home buyers, often I am told that they have been looking at bank owned properties. Every one looking for real estate today is looking to the deal of a life time. In certain areas of the country you can get a foreclosure property at around a 40% discount off of what would […]

Key Terms for A First Time Home Buyer to Understand Part 1

April 17, 2011

There is no larger purchase that you will make in your life than buying a home. It is critical for First Time Home Buyers today to understand some key terms while applying for their first mortgage. I notice that a lot of First Time Buyers are almost afraid to ask questions. This should never be the case. […]

USDA Home Loan Qualifying and Income Limits

February 9, 2011

The USDA does indeed set income limitations for qualifying for the USDA Rural Home Loan, but a little known fact is that most folks have “adjustments” to their income that will help them to qualify for the USDA Rural Development Home Loan. The USDA will Review two types of income for qualifying for the USDA […]

No Money Down Home Loan- USDA Rural Housing

February 9, 2011

Recently I have been writing a lot about the USDA Rural Housing Loan aka “No Money Down Home Loan” and wanted to take some time to go over some factors that are considered when we receive an application from a customer. The No Money Down Home Loan (USDA) is not as well-known as some of the […]