The USDA offers low and very low-income families a chance to become homeowners. Just like any other program, though, there are USDA loan restrictions you must know. They are nothing crazy and they do not prevent most people from securing a home loan. However, understanding the restrictions can help you make the most of your time searching for a loan. Citizenship is Important First and foremost, you must be a citizen of the United … [Read more...]
USDA Loan Refinancing
When interest rates are as low as they’ve been, refinancing a USDA loan is quite popular. It’s possible for you to refinance a USDA loan if you already have one, but in order to do so, there are some criteria you must meet. Steps towards Refinancing a USDA Loan The first step in qualifying for a USDA loan refinance is simply, you have to have an existing USDA loan. You can’t refinance an FHA loan or Conventional loan into a USDA loan, … [Read more...]
