Comments on: Has anyone received a USDA rural development home loan? If so How hard is it to qualify? http://www.nfowis.org/rural/has-anyone-received-a-usda-rural-development-home-loan-if-so-how-hard-is-it-to-qualify Mon, 06 Feb 2012 09:49:59 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: mazziatplay http://www.nfowis.org/rural/has-anyone-received-a-usda-rural-development-home-loan-if-so-how-hard-is-it-to-qualify/comment-page-1#comment-3474 mazziatplay Sun, 29 Nov 2009 15:28:59 +0000 http://www.nfowis.org/rural/has-anyone-received-a-usda-rural-development-home-loan-if-so-how-hard-is-it-to-qualify#comment-3474 The USDA product is a simply wonderful one. Qualification is easy and so is the process. The only caveat is that both the borrower and the property must meet the program guidelines. Sounds like you meet the income guidelines and as long as your property is in an approved area, you should have not trouble. From a loan officer's prospective, I wish there were more approved areas in my location so that I could use this program more often. USDA will finance the closing costs, it is 100% financing, and they are not credit score driven like Fannie Mae. This program makes it easy to get people into homes at a great rate and with minimal, if any, expense. Lucky you!<br><b>References : </b><br>20+ years as a directmortgage lender The USDA product is a simply wonderful one. Qualification is easy and so is the process. The only caveat is that both the borrower and the property must meet the program guidelines. Sounds like you meet the income guidelines and as long as your property is in an approved area, you should have not trouble.

From a loan officer’s prospective, I wish there were more approved areas in my location so that I could use this program more often. USDA will finance the closing costs, it is 100% financing, and they are not credit score driven like Fannie Mae. This program makes it easy to get people into homes at a great rate and with minimal, if any, expense.

Lucky you!
References :
20+ years as a directmortgage lender

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