So recently a realtor client contacted me to find out just how long they should expect before being able to close a USDA Rural Development Guaranteed Housing Loan because a local bank loan officer had told her that she should expect that it would take several months to close.
The importance of a second opinion Cancer, transmission repairs and mortgage loans; none have the same impact on our lives but in the right context each can create financial nightmares. When faced with the prognosis of the first two we rarely hesitate to seek second opinions. Yet for some reason when it comes time to…
The 2014 Income Limits for the very popular no money down USDA Single Family Guaranteed Loan Program were published on February 12, 2014. The Guaranteed Underwriting System and the Income Eligibility calculator in the Eligibility website have been updated to use the new income limits.
In this Google Hangout we discuss the recent changes to the USDA Rural Development Loan Program