USDA Loans
Who is this for?
What is it?
A home loan that offers mortgages to low-income residents of rural areas who cannot otherwise obtain a conventional mortgage
Program Details:
Steady income is required that will allow the borrower to repay the 30-year fixed interest rate loan. Qualification for this type of loan is much more lenient compared to other mortgages.
Documents needed:
Income Tax Returns, W-2 & 1099 Statements, and Pay-Check Stubs
Self-Employed Income Tax Returns and YTD Profit & Loss Statements for self-employed borrowers
Retirement account statements, 401k, Mutual Funds, Money Market, Stocks, etc.
Drivers License, Social Security Card, Any Divorce, Palimony or Alimony or Child Support papers, Green Card or Work Permit if applicable, Any homeownership papers
Bank and Credit Card statements
Quote for homeowner’s insurance with agent contact info
If property has a private water well, you will need to obtain a bacteria and chemical water test that meets FHA/HUD guidelines.
Let’s Talk
Are you ready to buy a new home or refinance your existing one? Let’s explore the possibilities!