Your SlideShare is downloading. ×
0
Steps to Take to Obtain a USDA Rural Housing Loan in Wisconsin, Illinois, Minnesota and Florida
Steps to Take to Obtain a USDA Rural Housing Loan in Wisconsin, Illinois, Minnesota and Florida
Steps to Take to Obtain a USDA Rural Housing Loan in Wisconsin, Illinois, Minnesota and Florida
Steps to Take to Obtain a USDA Rural Housing Loan in Wisconsin, Illinois, Minnesota and Florida
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Steps to Take to Obtain a USDA Rural Housing Loan in Wisconsin, Illinois, Minnesota and Florida

823

Published on

The United States Department of Agriculture (USDA) has offered a mortgage loan to qualifying borrowers on rural …

The United States Department of Agriculture (USDA) has offered a mortgage loan to qualifying borrowers on rural
homes for a number of years. Getting the loan takes a few steps which can be coordinated efficiently by your
mortgage broker. Here is the primary sequence of events in obtaining a USDA loan.

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
823
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. HOME ABOUT US MORTGAGE PROGRAMS REFINANCE CALCULATOR REQUEST CALL BACK CONTACT US SUBSCRIBEAIMaN ABOZEID Steps to Take to Obtain a USDA Rural Housing Loan CORY KESSENIcH by I N LA N T A MA D I S O N on MARCH 1 , 2 0 1 2 · 0 COMMENT SAiman Abozeid Cory KessenichNMLS ID #237450 NMLS ID #208789Email Me Email MeToll Free: 877-240-5810 Toll Free: 877-240-5810My Blog My BlogDaVID LEONaRD TODD SMEt Like 3 likes. Sign Up to see what your friends like. The United States Department of Agriculture (USDA) has offered a mortgage loan to qualifying borrowers on rural homes for a number of years.  Getting the loan takes a few steps which can be coordinated efficiently by your mortgage broker.  Here is the primary sequence of events in obtaining a USDA loan.David Leonard Todd SmetNMLS ID #248526 NMLS ID #243886Email Me Email MeToll Free: 877-240-5810 Pre-qualify for the loan – This can usually be done over the phone or via email.  A loan officer will ask questions Toll Free: 877-240-5810 about your job history, income, and housing history.  The loan officer will also review your credit file to makeMy Blog sure you meet the criteria for the loan. My Blog Income Eligibility – People that qualify for a USDA home loan must meet certain criteria regarding their income. 
  • 2. The income is based upon the number of people living in the home.  Generally speaking, the total householdC at E G O R I E S C O N N E ct WItH US: income cannot be more than 115% of the average income for the person’s area.Conventional Loans Follow @MadisonMortgage House comparison – Now is the time to chat with a real estate agent and let them know you are prequalified toFHA Loans purchase a home.  The agent can then arrange showings of homes that are designated in rural areas.First Time Home Buyer Programs Offer purchase contract – After finding a home that meets your needs your agent will help you complete aJumbo Loans contract to offer to buy the home. Inspection of the home – We recommend that you hire an inspector who will visit the home and inspect it toMortgage Rates ensure it meets certain guidelines.News and Updates Appraisal – A certified appraiser will be assigned to inspect the home and determine the home’s market value.No Money Down Loans Approval of Loan – Once the appraisal is complete the mortgage company will hopefully approve the loan andRefinance Loans forward the loan file to the USDA office.Reverse Mortgage Title Insurance and Closing Agent – The mortgage broker will contact a local real estate attorney or title companyUSDA Rural Housing Loans to conduct an examination of the title to the home and set up a closing date Obtain insurance – You will need to contact an insurance agent to get a home owner insurance policy to provideVA Loans at the closing CLOSING – This is the fun part!  You will sign several documents and receive ownership of the property!ARcHIVESApril 2012 Visit our USDA rural housing page for additional information on the program or to see if you qualify, contact us below or apply online!March 2012February 2012January 2012 To search, type and hit enterDecember 2011 You might8also like: 8 3 3November 2011 SUBScRIBEOctober 2011 Entries (RSS)September 2011 Subscribe to Email UpdatesAugust 2011July 2011June 2011 HOME PaGE Home PageMay 2011 Government Loans USDA Rural Housing Illinois No Money Down Yes, No Money Down Mortgage RatesApril 2011 including FHA, VA and Mortgage Loans in First Time Home Buyer Mortgages Still Exist:March 2011 Rural Housing Illinois and Wisconsin: Loans: FHA, VA and FHA, VA and USDA With such a wide variety No Money Down Rural Housing Rural HousingFebruary 2011 of mortgages available to While most Illinois and Illinois no money down Truly there are only three MORtGaGE PROGRaMS: individuals pursuing first Wisconsin mortgage loan home loans enable those programs that qualify for 40 Year MortgageJanuary 2011 time home bu... products are being who have not been able a no money downDecember 2010 scaled back due to to save for a down p... purchase and only two... Cash Out Refinance asso...November 2010 Fannie Mae DU Refi Plus Article by Inlanta MortgageOctober 2010 FHA 203k Loans Inlanta Mortgage opened for business in 1993 in Waukesha, Wisconsin. With our superior service and wideSeptember 2010 variety of available loans we have grown to 27 partner branches located in the following states: Arizona, FHA Loans Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, North DakotaAugust 2010 FHA Refinance and Wisconsin. As a mortgage bank we can provide loans using our own funds or we can use the loans and guidelines provided by one of our many lenders. We offer tremendous support to all of our partners First Time Home BuyerJuly 2010 through outstanding marketing, underwriting, compliance auditing, loan processing, technology, accounting, and legal advising.June 2010 Our wide array of lender relationships provides our customers with the best loan programs currently available today, whether it Freddie Mac Home Possible is conventional lending, FHA purchase loans, or VA loans. Inlanta Mortgage is an active member of the Mortgage Bankers Freddie Mac Open AccessMay 2010 Association, upholding high levels of ethics and honesty in all transactions. As a member of Lenders One Inlanta Mortgage is a Refinance part of the biggest cooperative of mortgage bankers within the United States. We are proud of their A+ rating with the local
  • 3. April 2010 Better Business Bureau. NMLS ID #1016 Government LoansMarch 2010 INLANTA HAS WRITTEN 814 ARTICLES. HARP Fannie Mae & Freddie MacFebruary 2010 Subscribe to our feed via RSS or by EMAIL to receive instant updates. Interest Only LoansJanuary 2010 Contact us with questions: Jumbo LoansDecember 2009 Toll Free: 877-240-5810 Jumbo VA LoansNovember 2009 Email: questions@madisonmortgageguys.com Lender Paid Mortgage InsuranceOctober 2009 Less Than Perfect CreditSeptember 2009 My Community MortgageAugust 2009 No Money DownJuly 2009 RefinanceJune 2009 Reverse MortgagesMay 2009 USDA Rural LoansApril 2009 Add New Comment Login VA LoansMarch 2009 VA Streamline Refinance IRRRLFebruary 2009 Please wait…January 2009 Tagged as: Addison USDA Rural Housing Loans, Appleton USDA Rural HousingDecember 2008 Loans, Aurora USDA Rural Housing Loans, Barrington Hills USDA RuralNovember 2008 Sort by newest first Housing Loans, Barrington USDA Rural Showing 0 comments Sort by newest first Housing Loans, Bartlett USDA RuralOctober 2008 Housing Loans, Bloomington USDA Rural M Subscribe by email S RSS Housing Loans, Brookfield USDA Rural Housing Loans, Buffalo USDA RuralSeptember 2008 Housing Loans, Burlington USDA Rural Housing Loans, Carol Stream USDA RuralAugust 2008 Reactions Housing Loans, Chicago USDA Rural Housing Loans, Eau Claire USDA RuralJuly 2008 Housing Loans, Eden Prairie USDA Rural Housing Loans, Elmhurst USDA Rural Housing Loans, Florida USDA RuralJune 2008 Housing Loans, Fort Myers USDA Rural Housing Loans, Gainesville USDA RuralMay 2008 Trackback URL http://www.madisonmortgageguys.com/blog/content/steps-to-take-to-obtain-a-usda-rural-housing-loan/trackback/ Housing Loans, Geneva USDA Rural Housing Loans, Glen Ellyn USDA RuralApril 2008 Housing Loans, Green Bay USDA Rural Housing Loans, Hoffman Estates USDA PREVIOUS POST: Reverse Mortgage: Top 5 Things to Keep In Mind Rural Housing Loans, Illinois USDA RuralMarch 2008 Housing Loans, Joliet USDA Rural Housing Loans, Kenosha USDA Rural NEXT POST: FHA Mortgage Insurance to Lower for all Streamline Refinance Transactions That are Refinancing Housing Loans, Lake Geneva USDA Rural Housing Loans, Lombard USDA Rural FHA Loans Endorsed on or Before May 31, 2009USEFUl LINkS Housing Loans, Madison USDA Rural Housing Loans, Mankato USDA Rural Housing Loans, Menomonee Falls USDA Rural Housing Loans, Middleton USDA Rural Housing Loans, Minneapolis USDA Rural Housing Loans, Minnesota USDA  Rural Housing Loans, Monticello USDA Rural Housing Loans, Naperville USDA Rural Housing Loans, Oconomowoc USDA Rural Housing Loans, Panama City USDABlog Catalog Rural Housing Loans, Park Ridge USDA Rural Housing Loans, Pensacola USDA Rural Housing Loans, Pewaukee USDA Rural Housing Loans, Racine USDA Rural Housing Loans, Rochester USDA Rural Housing Loans, Roselle USDA Rural Housing Loans, Schaumburg USDA Rural Housing Loans, Shorewood USDA Rural Housing Loans, St Charles USDA Rural Housing Loans, St Cloud USDA Rural Housing Loans, Stillwater USDA Rural Housing Loans, Stoughton USDA Rural Housing Loans, Sun Prairie USDA Rural Housing Loans, Tallahassee USDA Rural Housing Loans, Villa Park USDA Rural Housing Loans, Waterford USDA Rural Housing Loans, Waukesha USDA Rural Housing Loans, Wauwatosa USDA Rural Housing Loans, Wheaton USDA Rural
  • 4. Housing Loans, Whitefish Bay USDA Rural Housing Loans, Williams Bay USDA Rural Housing Loans, Wisconsin USDA Rural Housing LoansOUR LATEST TWEETS REQUEST CALL BACK RECENT POSTS CONTACT USCongrats! RT @realestateinwis: No. 1 Request a call back from a licensed Mortgage Rates in Wisconsin Illinois Inlanta MortgageAgain! New RE/MAX Vs. the Industry mortgage professional. Minnesota Florida 04-25-2012 NMLS ID #1016Chart Released: http://t.co/cHbCtYs0 Your Name (required) New Research Shows Advantages of 368 Junction Road4 minutes ago Reverse Mortgage Madison, WI 53717@BunburyRealtors Thanks for the RT this VA Loan Not Limited to Veterans of Warmorning. Its hard to believe that rates are Your Email (required) Advantages of a 5 Year ARM for Jumbo Toll Free: 877-240-5810still so low. Have a great rest of the week! Loans www.madisonmortgageguys.com6 minutes ago Best Real Estate Tips for the Year 2012 info@madisonmortgageguys.comWays to Put Aside Your Emotions When Your Phone Number (required) FHA Loans Have Grown in Usage Greatly:Selling a Home http://t.co/Gt602O2q Here’s 4 Advantages Socialize with us:#realestate via @RockRealty 1 hour ago FHA Mortgage Insurance to Lower for allRT @MKE_Realtor: NAR: Nationwide Open Best Time to Contact (required) Streamline Refinance Transactions That areHouse Weekend | April 28-29 | Great Refinancing FHA Loans Endorsed on orweekend to look for your next home! | Before May 31, 2009#mke #realestate | http: ... 3 hours ago Enter the CAPTCHA Code Steps to Take to Obtain a USDA RuralRT @JasonMGaston: #blog 5 Ground Housing LoanRules for Home Buying Success: There are Reverse Mortgage: Top 5 Things to Keepfew purchases in life that carry the financial In Mindand psych... ht ... 3 hours ago 2012 USDA Rural Housing Income LimitsMortgage Rates in Wisconsin Illinois Send PublishedMinnesota Florida 04-25-2012 Trend: Is a No Cost Loan Right for You?Steady http://t.co/iFJsd7sF #mortgage#madison 3 hours ago Copyright 2012 www.MadisonMortgageguys.com All rights reserved. Terms | Privacy Policy | Licenses | Contact Us INLANTA is a trademark of Inlanta Mortgage, Inc.

×