Every loan has a perfect candidate, especially those loans that are backed by the government. The USDA rural development loan is among those that the government backs up and is geared towards a certain group of people. The USDA loan was originally started to build up development in rural areas. In recent years it has become one of the hidden gems in the mortgage industry as it still allows for loans of this type in areas that … [Read more...]
USDA Loan Income Verification Requirements
One of the more popular questions we get when people apply for a USDA loan is: What kinds of income verification requirements are required for the USDA loan program? And many people tell us that they seem reasonable. Remember - the goal of the USDA loan program is to put eligible borrowers into a great loan program. When getting a USDA loan, the following income documentation requirements apply: A signed & dated IRS … [Read more...]
