USDA Loan

  • Home
  • USDA Housing Loan Benefits
  • USDA Loan Information
    • Guaranteed USDA Rural Home Loan And USDA Direct Loan
    • USDA Loan Credit Requirements
    • USDA Loan Eligibility
    • USDA Loan Property Eligibility
  • USDA Loan Quote
  • USDA Loan State Information
    • Arizona USDA Loans
    • California USDA Loans
    • Ohio USDA Loans
  • Blog

LTV Limits for USDA Streamline Refinance Loans

July 26, 2021 By JMcHood

The LTV or Loan-to-Value Ratio can be a real hurdle when you try to get a mortgage. Oftentimes, the LTV is too high, forcing you to either put more money down on the home if you are purchasing or wait to refinance until the value is higher. The LTV is dependent on the value of the property, which comes from the appraisal. On the USDA Streamline Loan, however, there is no required appraisal, so the USDA Guarantee Fee does not play a role … [Read more...]

Can You Roll Closing Costs into a USDA Mortgage?

November 18, 2016 By JMcHood

One downside to any mortgage program is the closing costs. They can add a significant expense to an already expensive process. Even though the USDA mortgage does not require you to make a down payment, you still have to consider the costs of moving and turning on your utilities. In order to keep the USDA program affordable, the program does allow you to roll the costs pertaining to closing into your loan as long as you meet certain … [Read more...]

Typical USDA Loan Closing Costs

June 24, 2016 By usdaloan

You have to pay closing costs on almost every mortgage you take out, unless you are able to negotiate a no-closing-cost loan with your lender. That being said, it pays to be informed about the costs you are being charged and which charges you can negotiate and/or shop around for to get the best deal. USDA loans are meant to help people that are in a lower income bracket and are unable to secure financing from any other source, but that … [Read more...]

Comparing the USDA Mortgage Insurance with FHA Mortgage Insurance

March 9, 2016 By usdaloan

  When it is finally time for you to buy a house, you are faced with many options. If you are a first-time homebuyer or a homebuyer entering back into the housing market after overcoming a foreclosure in the past, you might not have a lot of money to put down on the home. The good news is that there are several loans at your disposal, unlike in years past. The bad news is that you will have to pay mortgage insurance on any … [Read more...]

How to Figure the USDA Loan Guarantee Fee

March 4, 2016 By usdaloan

  Every loan has fees, but some have more than others. In general, the loans that offer a guarantee in the event that you default on the loan cost the most in the long run. The same is even true for conventional loans; if you put down less than 20 percent of the purchase price, you will need to pay a mortgage insurance premium, which guarantees the loan if you default, making lenders more willing to lend to you. Basically … [Read more...]

Latest News

  • Are there Government Home Loans for Rural Areas?
  • How Many USDA Loans Can One Person Have?
  • How You Can Use USDA Home Loan Eligibility Twice

Search

IMPORTANT MORTGAGE DISCLOSURES:

When inquiring about a mortgage on this site, this is not a mortgage application. Upon the completion of your inquiry, we will work hard to match you with a lender who may assist you with a mortgage application and provide mortgage product eligibility requirements for your individual situation.

Any mortgage product that a lender may offer you will carry fees or costs including closing costs, origination points, and/or refinancing fees. In many instances, fees or costs can amount to several thousand dollars and can be due upon the origination of the mortgage credit product.

When applying for a mortgage credit product, lenders will commonly require you to provide a valid social security number and submit to a credit check . Consumers who do not have the minimum acceptable credit required by the lender are unlikely to be approved for mortgage refinancing.

Minimum credit ratings may vary according to lender and mortgage product. In the event that you do not qualify for a credit rating based on the required minimum credit rating, a lender may or may not introduce you to a credit counseling service or credit improvement company who may or may not be able to assist you with improving your credit for a fee.

Copyright © Mortgage.info is not a government agency or a lender. Not affiliated with HUD, FHA, VA, FNMA or GNMA. We work hard to match you with local lenders for the mortgage you inquire about. This is not an offer to lend and we are not affiliated with your current mortgage servicer.

Contact Us | Terms of Use | Privacy Policy | Media | DMCA Policy | Anti-spam Policy | Unsubscribe

Mortgage.info

NMLS ID #1237615 | AZMB #0928735

8123 South Interport Blvd. Suite A, Englewood, CO 80112

CLICK TO SEE TODAY'S RATES