USDA Loan Agent Amarillo TX | USDA Loan Info | (888) 464-8732

What are the requirements for the USDA program in Amarillo? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan Amarillo.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

mortgage application

The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in Amarillo is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

mortgage advisor

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

average mortgage
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

mortgage rates california

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in Amarillo.

It has to be a Single Family home in the Amarillo area, without a barn structure on the property.

Then it also has some home price limitations.

va mortgage

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

gmac mortgage

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

refinance loan

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loan Amarillo – Do You Pre-Qualify?

mortgage solutions

- So the company wasestablished back in 2008, by Vance Hillstrom and Doug Watson, right now we're at abouteleven people in total, our back office and then sixcells guys in the outside.

My role in the companyis originating loans so at the moment we haveover three hundred and twenty accredited investors in our fund, so we are a direct lender,we're not syndicating any portion of your fundthat are gonna be provided, so being a direct lender,we do have the flexibility of speed, although everybody gets tied up, how quickly can you close,it really comes down to the preliminary titlereport, if it's a clean prelim then of course wecan move a lot faster, but in some cases I comeinto the middle of a deal where the previous lender couldn't close, and then there's ten items listed on the preliminary title report,so that slows things down but then again being direct,we can get back to you with a letter of intentwithin twenty-four hours, we can get out to theproperty, if we engage in a transaction within seventy-two hours, why I say that is, forexample if we get the deal on a Friday, then we'llprobably be out to the property that following Monday, butif we get it on a Monday we'll probably be out to your property on a Tuesday, or Wednesday at the latest.

- [Interviewer] So you do site visits for every single loan ? - Yes, we do come out to everysingle property we lend on.

- [Interviewer] And then whotypically does the site visit ? - In most cases, Vance, but you know, sometimes people go with Doug, but if it's multiple propertiesthat we're looking at they'll probably splitit, like we did a deal recently where one propertywas down in Carmel, and the other property was by Tahoe, so they split it up, to notdrive the whole Bay area.

- [Interviewer] So one of thetwo principals has to go look at the subject property ? - Yes.

- [Interviewer] So overall,what are the mean benefits of doing business with Rubicon, as opposed to anotherprivate lending company ? - We are local, here in the Bayarea, so that's a huge plus, how we set ourselves apartis being very transparent with our borrowers, both ourborrowers and our investors, if a deal doesn't makesense we'd rather just tell the client right awayit doesn't make sense, and we'll point themin the right direction or simply back off.

Speed is another greatfactor, again if it's a clean preliminary title report, if it's a clean property we'regonna close quickly.

We do have a good understandingon each sub-market and if we don't, we have contacts that we can reach out to andget down to the number quickly.

- [Interviewer] And noappraisals, of course.

- Of course, no appraisals,so that speeds things up if you have one, great, if youdon't, we don't require one.

Rubicon Mortgage Fund | Northern California Bridge Lender

capital mortgage

Hi, have you been thinking about getting a reverse mortgage? Well, I'm excited today to tell you about the new reverse mortgage Hi, my name is Richard Woodward I'm a licensed originator and certified reverse mortgage specialist and I can tell you that I am so excited about the new reverse mortgage programs that are on today And they're so much better than the what they used to be when they started out there were some scary things that were attached to them today in the new reverse mortgage you have added protections you In fact, you will never oh more than 95% of their home's value at the time the loans paid off There's some great new protections put into place with the new FHA government insured reverse mortgage.

I'd love to share those with you So I'm going to be doing a series of videos subscribe to my channel and you will learn more about them Let me tell you about one quick scenario Let's say that you're 62 years of age and you are going into retirement and you still have a mortgage on your house Would you like to stop making payments? Well with a new reverse mortgage you actually can you can take out a reverse mortgage pay off that existing mortgage and then use those funds in other ways a Very smart way to use that is to continue paying towards your reverse mortgage Your reverse mortgage will then automatically take those funds and put those in Portion of those funds into a line of credit for you that line of credit is guaranteed to grow at a specific rate Far superior to any savings or cv rates so that one 10 years down the road you'll have money set aside for Emergencies that you can tap into if you want you can use those funds to not take out taxable income from other Saving venues, so there's great opportunities with reverse mortgages and added protection so Again, subscribe to my channel.

Call me at (214) 945-1066 again, (214) 945-1066 and let's look at your scenario I'll do a free proposal for you.

Thanks so much, and I look forward to seeing you in our next video.

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USDA Loan Company in Texas | USDA Loan Info | (888) 464-8732

Mortgage Lender Agent Beaumont TX | USDA Loan Info | (888) 464-8732

What are the requirements for the USDA program in Beaumont? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan Beaumont.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

interest only mortgage calculator

The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in Beaumont is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

equity line of credit

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

mortgage interest
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

american mortgage

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in Beaumont.

It has to be a Single Family home in the Beaumont area, without a barn structure on the property.

Then it also has some home price limitations.

house loan

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

compare mortgage rates

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

home equity rates

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loan Beaumont – Do You Pre-Qualify?

current home mortgage rates

Hello Texas realtor Bubba Bashawwith Austin's Lender and we are bringing it let me tell you what we're doing weare so excited because we are realtor centric our goal is to help you have agigantic spring in summer of sales and we put some things into place to makethat happen the first is prequalmybuyer.

Com.

Allyou have to do is go to www.

Prequalmybuyer.

Com Put in your name your phone numberyour email your clients name phone number email in any notes as soon asthat comes in we immediately are on the phone with your buyer look let's behonest your highest and best use of time is selling real estate not chasing leadslet us help you with that now once that link comes in we're going to talk toyour customer on the phone and we're going to encourage them to do a loanapplication at our website AustinsLender.

Com All they have to do is clickon applying at the top of the screen do over at and when it comes in and theyenter into our program called Floify.

That's our loan flow program and you'regoing to love this because throughout the loan process at each major point youand the customer are going to receive both text and email updates so youalways know what's going on speaking of always knowing what's going on we'vemade another little change when you call our office512-953-7359, every phone rings Somebody is answering your call we arenot going to have voicemail anymore because we are realtor centric andthat's just the only way to be now one of the other great things we have foryour clients with the 640 and higher credit score that are looking for aconforming loan we have now gone to day one certainty and what that means iswhen your customer applies online at AustinsLender.

Com.

They're going toreceive a link asking for permission for us to receive all of their documentselectronically.

No more digging for pay stubs no more digging for banks in it nomore my tax returns in the storage warehouse and I got to get it on Tuesdayof the following week all of that will be brought in electronically throughFannie Mae so when we give you an an approval it IS an approval.

We are notsecond-guessing anything and the best part about day one certainty is FannieMae for years has recorded home valuations across the US.

They have thebiggest database of anybody so in many cases will also get an appraisal waiverwhich means we don't have to were done appraisal so upfront we know that whenwe sent you an approval gets an approval it's not a prequel it is an APPROVAL fora first-time buyer with a 640 or higher credit score and we're doing it righthere in Austin Texas.

We are so excited about our website austinslender.

Comthat makes it easy for your plan to apply it's like follow the bouncing ballit's not a page where you have to fill in a whole bunch of crazy stuff and aska question and they answer yes or no it's so simple once that happens flow fiflow if I follows them all the way through the loan process and sends youtext and email updates every day if we're missing a document like a divorcedecree they're going to get a text and an email every day they can uploaddirectly into their loan file this is the greatest program at all now let metell you one last thing if you have a customer you're close to closing dateand they're about to go on vacation don't worry about it.

Because we haveeclose.

Eclose means your borrower can close they're alone from a laptop onvacation in their pajamas it is so simple because now our title company ourinvestor in a third party called notarized are all on the webinar withthe borrower so they can sign all documents without going to a titlecompany they can even sign the note in the deed a lot of people go oh no youhave to sign the note that you know you know not anymorethey've already been done in Texas we've already done it it's excitingour goal is to make your spring the best you've ever had and I hope that you'llstart by using pre quote my buyer calm it's a great port if you have a customeryou need us to talk to call us 512-953-7359.

We are here to be your lender.

How to Get Low Rates from Any Lender (2019) - Intent Mortgage

american mortgage

Jason what are the requirements forthe USDA program? so that's going to be looking at a 640 minimum credit score requirement.

there is a income requirement too.

So basically the incomerequirement is about 78,000 if you're in a family of 1 to 4 if you're in a family of 5+ that's gonna go up to about $103,000 on the income limit.

The big requirement for USDA is that it's property specific.

so it's got to be in a USDA Approved Zone Ok, and How much down payment doesthis program require? so it's actually 0% down payment which is Great! Ok Awesome, and how much does the average home buyer come in with out-of-pocket? So because your down payment is covered you're just gonna have to come in withagain your prepaid and closing cost So if it was a $300,000 purchase.

you'd be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA program Ideal for? So this is going to be ideal for the home buyer that's looking for a property in those specific areas.

Ideally it's properties that are going to be rural zones.

So not right in the middle of the city, but maybe if it's more on the outskirts, on a little bit ofland, lower tax rate areas that's probably going to be a property that's eligible and that would be ideal because that one would probably qualify OK, Fantastic.

Thank you Jason No Problem.

usda loan rates

USDA Loan Company in Texas | USDA Loan Info | (888) 464-8732

Mortgage Lender Agent Longview TX | USDA Loan Info | (888) 464-8732

What are the requirements for the USDA program in Longview? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan Longview.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

interest only mortgage calculator

The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in Longview is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

gmac mortgage

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

conventional mortgage
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

mortgage company

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in Longview.

It has to be a Single Family home in the Longview area, without a barn structure on the property.

Then it also has some home price limitations.

usda rural housing

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

home equity rates

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

types of mortgage loans

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loan Longview – Do You Pre-Qualify?

home lenders

Hello everyone, this is Alejandro Tobon with Total Mortgage.

I'm excited to be able to offer my services for your mortgage needs, whether you're buying a house for the first time, refinancing your existing home, or maybe making some additional investments in your property.

Either way, the objective is simple: work together as a team, professional manner, to help you achieve your goals.

I'm the first Eagle Scout of Troop 3 Central Falls and I'm also in the Pawtucket Teen Hall of Fame.

I'm really excited to be a part of a team that's allowing me to continue to be a part of our community, and its development and progression.

Thank you!.

USDA Loans | How To Get 100% Financing in NC & SC

usda farm loans

The USDA Guaranteed Home Loan Program is backedby the USDA – the United States Department of Agriculture.

It is a TRUE no money down home loan.

Many people who take advantage of this programare able to get into their homes with little to no money out of their pocket.

BUT, there are several eligibility requirementsthat you need to meet in order to take advantage of this home loan program.

The first requirement is that you cannot bea current homeowner.

If you already own your home but are planningto sell it, then you are still eligible! You just need to have your existing home soldBEFORE we can close the loan for your new home.

The next requirement is that your total annualhousehold income cannot exceed the limits set by the USDA.

These income limits are based on market areaand family size.

Another requirement is that you cannot havedefaulted on a USDA loan in the past.

This means that if you’ve had a past USDAloan that has gone in to foreclosure, you unfortunately aren’t eligible.

To take adavantage of this program, the homehas to be located in an eligible rural area.

But guess what, rural does not necessarilyequal country! Homes do not have to be in a country setting.

In fact, there are many areas where entirecounties and cities qualify for this program.

The property has to meet minimum propertystandards.

The home must be in satisfactory condition,and this loan cannot be used to finance any sort of income producing property.

That means mini farms, and properties withfarm acreage are not eligible.

Do you want to find out if you qualify? We make it EASY! Just give us a call at 937-548-8222 in Ohioor 765-273-4711 in Indiana, And make sure to ask to speak to a member of Your Expert Mortgage Team! Or text the word EASY to 48421 to apply today! We’re here to make your dreams of homeownershipcome true.

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USDA Loan Company in Texas | USDA Loan Info | (888) 464-8732

USDA Loan Agent Rowlett TX | USDA Loan Info | (888) 464-8732

What are the requirements for the USDA program in Rowlett? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan Rowlett.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

prequalify for mortgage

The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in Rowlett is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

current home mortgage rates

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

paying off mortgage
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

equity line of credit

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in Rowlett.

It has to be a Single Family home in the Rowlett area, without a barn structure on the property.

Then it also has some home price limitations.

gmac mortgage

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

usda financing

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

usda guaranteed loan

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loan Rowlett – Do You Pre-Qualify?

interest only mortgage calculator

- [Interviewer] In money,hard money lending, there's almost no lender thatdoes a consumer-purpose loan, or will consider an owner-occupiedconsumer-purpose loan.

How's it possible forPacific Private Money to do these types of loans,where other people can't? - Well, it's funny becausewe hear all the time, oh it's illegal to do a private money loan or a hard money loan, on anowner-occupied residence, and that's simply not true.

The regulations allow it,it's just you have to follow very specific underwriting guidelines.

First of all, you haveto be licensed to do it.

And a lot of people in theprivate lending business, are not willing to go outand get the NMLS license.

They're not willing to becomea mortgage loan originator.

So the extra licensing, itcosts money and it takes time.

You also need to have theunderwriting guidelines, which we paid our law firm alot of money to help us create those underwriting guidelinesso we could be in compliance.

And, so, at the end of theday we need to make sure that they have the ability toafford those monthly payments.

There's also certain otherrules and regulations, for example.

Instead of a 10 day due date,it's a 15 day grace-period, late charges are less, you're not allowed tohave default interest.

So there's a number ofconsumer protections in there, but we really like the loan product, because there's a need for it, there's a demand for it, it helps people to purchasehomes when they couldn't otherwise or to borrow moneyto improve their home when they couldn't otherwise do that.

So it's not illegal, it'sjust you have to do it within the guidelines of the law.

- You have to know the law, yeah.

- [Interviewer] So it soundslike most private hard-money lenders just don't have theinterest or the infrastructure-- - Maybe the resources, - [Interviewer] Or theappetite for doing-- - Yeah, it's more expensive.

You have to scale up.

You have to hire peoplewho know how to underwrite, and produce theconsumer-driven disclosures, you have to have the software.

So between the licensing, the staffing, the paying for the education and the underwriting guidelines, and producing, and the time involved.

It's just, it's more overhead, of course, to do these things, but we just, we like the business model.

We think there's a strong need for it.

It's an underserved market, and we like underserved markets.

Realtors: How Austin's Lender closes Loans FAST

interest only mortgage

TURNING NOW TO DAY 20 OF THE PARTIAL GOVERNMENT SHUTDOWN -- FEDERAL EMPLOYEES WON'T RECEIVE PAYCHECKS TOMORROW.

DURING THIS PARTIAL GOVERNMENT SHUTDOWN -- ONE OFFICE THAT YOU CANNOT GET A HOLD OF EITHER -- THE U-S-D-A.

AS NEWS CHANNEL 11'S JORDAN MOORE FOUND OUT TODAY,.

THAT'S PUTTING SOME HOME BUYERS--AND SELLERS, IN LIMBO.

JOSH SARA A POPULAR LOAN OPTION WHEN BUYING A HOME, ESPECIALLY IN MORE RURAL AREAS.

IS A U-S- D-A LOAN A LOAN THAT REQUIRES NO MONEY DOWN, AND REAL ESTATE AGENT AT KELLER WILLIAMS, LINCOLN WALTERS EXPLAINED THIS 100 PERCENT BACKED LOAN, IS SOMETHING THEY SEE A LOT FOR FIRST TIME HOME BUYERS AND AS OF NOW THERE ARE PEOPLE WAITING TO CLOSE ON A HOME, NOT JUST HERE BUT AROUND THE COUNTRY---THAT ARE NOW ON HOLD.

BECAUSE OF THE GOVERNMENT SHUTDOWN "I KNOW THERE'S SEVERAL THAT ARE ON HOLD RIGHT NOW WAITING TO CLOSE, THE ONES THAT ARE IN PROCESSES ALREADY ARE GOING TO BE DELAYED, AND THE ONES THAT ARE WANTING TO GO SHOPPING WITH A USDA LOAN, CAN'T EVEN REALLY DO IT RIGHT NOW BECAUSE THEY AREN'T ACCEPTING ANY NEW APPLICANTS.

" WALTERS SAID HIS CONCERN IS THAT IF THIS GOVERNMENT SHUTDOWN CONTINUES FOR A LONG PERIOD OF TIME, THE SELLERS WAITING FOR A BUYER WITH A U-S-D-A LOAN WON'T WANT TO KEEP WAITING, AND WILL GO WITH ANOTHER BUYER---WHO HAS A CONVENTIONAL LOAN SO HE SAID IT'S IMPORTANT RIGHT NOW TO EDUCATE AND REMIND BOTH BUYERS AND SELLERS THAT DURING THIS SHUTDOWN, THOSE U-S-D-A HOME LOANS, ARE ON HOLD.

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USDA Loan Company in Texas | USDA Loan Info | (888) 464-8732

USDA Loan Company in Texas | USDA Loan Info | (888) 464-8732

How do You Pre-Qualify For a USDA Loan in Texas?

The USDA Guaranteed Home Loan Program in Texas is backed by the USDA – the United States Department of Agriculture.

It is a TRUE no money down home loan.

Many people who take advantage of this USDA Loan program in Texas are able to get into their homes with little to no money out of their pocket.

BUT, there are several USDA Home Loan eligibility requirements that you need to meet in order to take advantage of this home loan program.

The first USDA Loan requirement is that you cannot be a current homeowner.

If you already own your home but are planning to sell it, then you are still eligible! You just need to have your existing home sold BEFORE we can close the loan for your new home in Texas.

The next requirement is that your total annual household income cannot exceed the limits set by the USDA. Finding USDA Loan Texas isn’t as hard as it seems with a certified Mortgage and Loan Officer at your disposal.

usda loan rates

These income limits are based on market area and family size.

Another requirement is that you cannot have defaulted on a USDA loan in the past.

This means that if you’ve had a past USDA loan that has gone in to foreclosure, you unfortunately aren’t eligible.

To take advantage of this program, the home has to be located in an eligible rural area.

But guess what, rural does not necessarily equal country! Homes do not have to be in a country setting.

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In fact, there are many areas where entire counties and cities qualify for this program.

The property has to meet minimum property standards.

The home must be in satisfactory condition, and this loan cannot be used to finance any sort of income producing property.

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That means mini farms, and properties with farm acreage are not eligible.

Do you want to find out if you qualify for a USDA Loan in Texas? We make it EASY! Just give us a call at USDA Loan Info (888) 464-8732.

We’re here to make your dreams of homeownership come true.

In 2019, What Do You Need for a USDA Loan in Texas?

mortgage bank

Jason what are the requirements forthe USDA program? so that's going to be looking at a 640 minimum credit score requirement.

there is a income requirement too.

So basically the incomerequirement is about 78,000 if you're in a family of 1 to 4 if you're in a family of 5+ that's gonna go up to about $103,000 on the income limit.

The big requirement for USDA is that it's property specific.

so it's got to be in a USDA Approved Zone Ok, and How much down payment doesthis program require? so it's actually 0% down payment which is Great! Ok Awesome, and how much does the average home buyer come in with out-of-pocket? So because your down payment is covered you're just gonna have to come in withagain your prepaid and closing cost So if it was a $300,000 purchase.

you'd be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA program Ideal for? So this is going to be ideal for the home buyer that's looking for a property in those specific areas.

Ideally it's properties that are going to be rural zones.

So not right in the middle of the city, but maybe if it's more on the outskirts, on a little bit ofland, lower tax rate areas that's probably going to be a property that's eligible and that would be ideal because that one would probably qualify OK, Fantastic.

Thank you Jason No Problem.

Pre-Qualification Vs Pre-Approval Vs Conditional Loan Approval

40 year mortgage

Hello everyone, this is Alejandro Tobon with Total Mortgage.

I'm excited to be able to offer my services for your mortgage needs, whether you're buying a house for the first time, refinancing your existing home, or maybe making some additional investments in your property.

Either way, the objective is simple: work together as a team, professional manner, to help you achieve your goals.

I'm the first Eagle Scout of Troop 3 Central Falls and I'm also in the Pawtucket Teen Hall of Fame.

I'm really excited to be a part of a team that's allowing me to continue to be a part of our community, and its development and progression.

Thank you!.


USDA Loan Agent Grand Prairie TX | USDA Loan Info | (888) 464-8732

What are the requirements for the USDA program in Grand Prairie? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan Grand Prairie.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

housing loan

The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in Grand Prairie is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

mortgage qualification

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

champion mortgage
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

mortgage application

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in Grand Prairie.

It has to be a Single Family home in the Grand Prairie area, without a barn structure on the property.

Then it also has some home price limitations.

interest only mortgage calculator

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

loan rates

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

usda farm loans

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loan Grand Prairie – Do You Pre-Qualify?

va mortgage

Hi everybody, Nick Brownell from Total Mortgage here in Newport, Rhode Island.

When you're purchasing a home, you have many choices, whether it's USDA, conventional, FHA, or it could be a VA option if you're a veteran.

So I want to make sure everbody knows, because this is a very common question, that an FHA loan is not specific for first time buyers.

An FHA loan is able to be lent to people for their primary residence.

So if you anticipate on living in a property, you will be able to qualify for an FHA mortgage.

If you want to learn a little more about FHA loans and what they could offer to you, I'd be happy to help.

Mortgage Lender: Dan Hillers First Federal Credit Unkion

loan rates

Hi everybody, Nick Brownell from Total Mortgage here in Newport, Rhode Island.

When you're purchasing a home, you have many choices, whether it's USDA, conventional, FHA, or it could be a VA option if you're a veteran.

So I want to make sure everbody knows, because this is a very common question, that an FHA loan is not specific for first time buyers.

An FHA loan is able to be lent to people for their primary residence.

So if you anticipate on living in a property, you will be able to qualify for an FHA mortgage.

If you want to learn a little more about FHA loans and what they could offer to you, I'd be happy to help.

usda rural housing

USDA Loan Company in Texas | USDA Loan Info | (888) 464-8732

USDA Odessa TX | USDA Loan Info | (888) 464-8732

What are the requirements for the USDA program in Odessa? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan Odessa.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

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The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in Odessa is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

house mortgage rates

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

daily mortgage rates
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

interest only mortgage calculator

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in Odessa.

It has to be a Single Family home in the Odessa area, without a barn structure on the property.

Then it also has some home price limitations.

house mortgage rates

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

capital mortgage

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

american mortgage

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loan Odessa – Do You Pre-Qualify?

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- FHA versus Conventional.

What is the difference? Hi, I'm Ledeana with Homes By Strand and RE/MAX Town & Countryin Port Orchard, Washington.

And we're gonna get started right now.

(upbeat music) I'm going to discuss the short version because the difference of these two loans can actually get quite complicated.

But my teaching style, let's keep it on the surface and let's get it to where you guys can immediatelyknow the difference between the two and then you're going to know which one that you really need to research more withyour lender, of course.

Alright.

So conventional is aprivate sector loan that is not backed by The Federal Government.

It has what's calledprivate mortgage insurance which is called PMI, private mortgage insurance.

Super simple.

FHA on the other hand, that is a private sector loan as well but it's backed by The Federal Government.

And it has what's called MIP, mortgage insurancepayment that is required.

Alright? Now that MIP, that is insurance for the lender.

That is not yourinsurance as the borrower.

That is insurance on the loan, okay? And that is where The Federal Government says, "Hey, we're guaranteeing that you're "gonna get a portion ofthis loan back from us.

" They get a percentagethat they loaned, alright? And then those MIP payments that stayed for the life of the loan, that's also your insurance per se.

Now how all this gets broken down and where that moneygoes and how it's spent, that's not something that we need to be focusing on.

What we want to be focusingon is what is the difference between MIP and PMI is thattheir both mortgage insurance.

But one, is you're paying the government and the other one is that you're paying a third-party, okay? Now the major difference, like I just said is that MIP is for the life of your loan.

So as long as you own your property and as long as you aremaking your payment, then you are making the MIP part of your house payment.

With conventional, when you have the PMI, you can drop that insurance off once you have hit 20%, alright? So when you have paid down at least 20% of what you originally borrowed, you no longer have to pay PMI.

And that's where the biggest myth and confusion comes from, is because a lot of people think that when they get a conventional loan that they have to put 20% down at the gate.

And that's just not true.

There are some conventionalprograms out there where you can put as little as 3% down.

Now, the fees between FHA loan and a conventional loanare completely different.

You're always gonna haveyour lender origination fee which that lender origination fee, that's how you paid your lender to do their job for you and to fund this loan and to broker the paperwork, alright? But then there's also, there's some other feesthat what are called program lending fees.

And those are going to be different between the two.

That's why it's really important that if you know the surface difference between the two, then you're really gonna know which one is gonna be the best loan option for you, not only today but long-term, alright? Because the biggest mistake that I see clients make is that they want to get intoa property right now.

And so they're looking attheir finances right now, which that is important, correct? But sometimes, instead of waiting a month or two and having a little bitmore money to put down, they don't realize howmuch money they would be saving long-term bychanging the program.

So that could be doesyour credit score need to come up a little bit more? Do you need a little bit more money to put down to where you can get into a different program? Or do you need a little bit more money so you can actually buythe interest rate down? I mean, those are allthings that a good lender should be explaining to you.

And these are questions and things that you need to be aware of so you know what to ask, alright? But here's a couple ofother differences that, in my opinion, are pretty vital to understand.

There's a common myth.

A lot of people think that because FHA is a government-backedloan that it's harder to qualify for an FHA when it's actually quite the opposite.

And the reason why a lot ofpeople are confused with this is because with an FHA loan, you actually have to havetwo sets of qualifications you actually have to meet.

You have to obviously meet the lender, the banks, the personal private guidelines, and then you also have to meetthe government guidelines.

Because again, if the government isgoing to back the loan, you can bet your bottom dollar you're going to have tomeet certain requirements in order for them toguarantee a percentage to the lender.

But the great thing is, is that most everybody meets the government's qualifications and I stress on most, alright? But here's the thing.

When the lenders knowthat they're guaranteed to get a percentage of theoriginating amount back, when you know you're getting a portion of that back, they're a little bit morerelaxed on that whereas, when you get a conventional loan, nobody's guaranteeing that lender that they're going to get any money back should you as the borrower default.

So the conventional loans, those are actually theones where the standards are a little bit higher and they're not really hard to meet, it just takes a little more legwork as the borrower.

So you have to have a little bit more proof per se.

You have to be able tosubmit some more paperwork because again, you have one lender that's not guaranteed to get anything and then you have anotherlender that's guaranteed to at least get something.

So, does that make sense? Now, we can get into the nitty-gritty of what those requirements are but I think for the purpose of this video, I think it's really important that we just stick with the basics because your lender should be able to explain to you your ownpersonal circumstances.

So that's why it's really important that people understandthat conventional loans are not scary.

If you have the paperwork, if you can show your proofin the pudding per se, then sometimes a conventional loan is actually the best way to go because interest rates are typically a little bit lower.

And why is that? Well, because when you'repaying a higher percentage rate on the FHA side, that's also because aportion of that is going towards the government-backed portion.

Does that make sense? So, it's super simple.

You just need to finda really great lender who is really able to explain what their programs are and how they differ.

And that, folks, is your tips for today.

And if you need a good lender, I have a slew of them.

And why do I have more than one? Because every lender thathas different programs that will meet different criteria.

That's why a good agent has more than one.

And you can bet your bottom dollar, I've got just the one should you need one.

That's it for today.

We'll see you next time.

Don't forget to hit thesubscribe button below and also the little bellnotification down below as well, so you're kept in the loop and up-to-date on this home buying thing.

And you don't wanna miss any important information that I'll be sharing with you in the coming weeks.

And thank you so muchfor watching my video.

I hope to see you soon.

And bye for now.

Gary Vaynerchuk on Realtor & Lender Marketing Strategy

mortgage fraud

Hey, I'm Carl with Home.

Loans.

What is a conventional home loan? A conventional home loan isa loan that is not insured or guaranteed by theGovernment in any way.

Conventional loans conform tothe National Home Guidelines set by Fannie Mae and Freddie Mac, who are also known fortheir delicious sweets.

Wait, scratch the sweets part.

I think I'm thinking of somebody else, but I can tell you thatconventional loans typically have stricter eligibility requirements and are nothing liketaking candy from a baby.

Who would just take candy from a baby? Who has time to stop and smell the roses? You don't and this isn't even a rose.

For more quick tips likethe one you just watched, visit Home.

Loans.

No.

Com or.

Net and youdon't even need the W's.

It's simply Home.

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Search smarter, learn faster.

Visit Home.

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USDA Loan Company in Texas | USDA Loan Info | (888) 464-8732

USDA Loan Company Pharr TX | USDA Loan Info | (888) 464-8732

What are the requirements for the USDA program in Pharr? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan Pharr.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

second mortgage rates

The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in Pharr is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

american mortgage

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

housing loan
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

mortgage assistance

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in Pharr.

It has to be a Single Family home in the Pharr area, without a barn structure on the property.

Then it also has some home price limitations.

no closing cost refinance

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

mortgage advisor

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

best mortgage interest rates

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loan Pharr – Do You Pre-Qualify?

refinance interest rates

Hi this is Scott Hastings with Mortgages byScott, powered by On Q Financial.

You might wonder why I'm standing in the middleof a field and that's a good question.

The reason is I'm talking about USDA loanstoday.

Although this looks like a very rural areaI'm only really about a mile and a half from downtown Davidson.

A lot of people wouldn't think that Davidsonwould have any areas that are USDA eligible but there really are.

A lot of people give me a all looking fora loan where they don't have to put any money down and there's no mortgage insurance, andthat is a USDA loan.

USDA loans are great, the only thing is thatthey are not eligible for all borrowers because of income requirements or caps on householdincome, and they are not available on all properties.

The income requirement is going to be basedon the number of people that live in the house, not just the number of people on the loan.

Most loans are going to go by who is on theloan, so in this case if you have 3 people who live in the house, but only 1 person isgoing to be on the mortgage, the income is only going to be considered, as far as qualifyingfor the loan itself, by the person who's on the loan.

But USDA is going to count the number of peoplewho live in the household.

So if a husband and wife both work, but onlythe husband is on the loan, and if their income together is less than the maximum householdincome limit for that USDA area then they are good to go.

But if together their income exceeds the maximumincome limit for that area then unfortunately they wouldn't qualify.

Also not every home is going to be eligiblefor a USDA loan.

And there's not really a map where you canjust look at it and say "Oh that whole area is USDA eligible".

You have to go to the USDA website and youcan put in the address of the property and it will tell you whether it's a USDA eligibleproperty.

You can also go in there and type in the amountof monthly income the borrower has and see if that household income exceeds the maximumincome requirement.

There are some tips and tricks on gettingqualified for a USDA loan where you might not think that you would normally be eligible.

One is a mortgage credit certificate and certainthings like that so if you have any questions at all about a USDA loan please give me acall.

USDA opening Montana offices during shutdown to help with farm loans

usda farm loans

I don't want your client's loans.

I don't even want to hear from them.

In fact, I'm gonna show you how to make it so that they never have to hear from me, but they can still get our low rates and our low fees from your preferred lender.

Tt's actually pretty simple.

On your next deal, in fact, on the deal you already have in escrow, get your clients to agree to let you send me these four pieces of information.

I'll put together our rates and fees for their scenario and I'll shoot it over to you.

Then you can take that into your current preferred lender and say, "Hey buddy! Hook my clients up, just this once?" Wait, I said that all wrong.

"Hey buddy! Hook my clients up, Every time!" If they're willing to hook your clients with our low rates and our low fees, every single time, then I don't want their loans.

I don't even want to talk to them.

But if they're either unwilling or unable to do that, then you need to know that we are both willing and able to do that for your clients.

You owe a fiduciary duty to your clients to do what you know is right for them.

If your current lender is willing to do that for them, then stop watching this video.

But if they're unwilling to do that then finish up this video, shoot me a DM on facebook, give me a call, shoot me an email! Whatever it takes, let's get together and do what's right for your clients, every time.

usda farm loans

USDA Loan Company in Texas | USDA Loan Info | (888) 464-8732

Mortgage Lender Agency Port Arthur TX | USDA Loan Info | (888) 464-8732

What are the requirements for the USDA program in Port Arthur? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan Port Arthur.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

daily mortgage rates

The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in Port Arthur is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

bad credit mortgage lenders

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

usda financing
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

home loan app

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in Port Arthur.

It has to be a Single Family home in the Port Arthur area, without a barn structure on the property.

Then it also has some home price limitations.

va mortgage

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

loan lenders

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

fixed rate mortgage

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loan Port Arthur – Do You Pre-Qualify?

mortgage application

THE U.

S.

DEPARTMENTOF AGRICULTURE HASANNOUNCED MANY FARMSERVICE AGENCYOFFICES WILLTEMPORARILY REOPEN FOR THREE DAYS TOPERFORM CERTAINLIMITED SERVICES FORFARMERS ANDRANCHERS DURING THEGOVERNMENT SHUTDOWN.

BEGINNINGTOMORROW -JANUARY17TH, 2-THOUSAND 500F-S-A EMPLOYEES -ARETO REPORT TO THEIROFFICES.

IN ADDITION.

THE FSAOFFICES WILL BE OPENFRIDAY JANUARY 18 ANDTUESDAY JANUARY 22ND.

DURING BUSINESSHOURS - STAFF WILL BEON HAND TO ASSISTAGRICULTURALPRODUCERS WITHEXISTING FARM LOANS.

AND PROVIDE 10-99 TAXDOCUMENTS TOBORROWERS -BY THEINTERNAL REVENUESERVICE DEADLINE.

STAFF WILL ALSO BEABLE TO HELP WITHSPECIFIC SERVICESSUCH AS PROCESSINGPAYMENTS, CONTINUINGEXPIRING FINANCING STATEMENTS ANDOPENING MAIL TOIDENTIFY PRIORITYITEMS.

IN OUR REGION -SERVICE CENTERS WILLBE OPEN IN:EKALAKA, MILES CITY, GLENDIVE, LEWISTOWN,SIDNEY, GLASGOW ANDBILLINGS.

YOU CAN VIEW A FULLLIST OF LOCATIONSACROSS MONTANA.

ONOUR WEBS.

FHA Loans 2019 - What You Need To Know!

daily mortgage rates

- [Interviewer] In money,hard money lending, there's almost no lender thatdoes a consumer-purpose loan, or will consider an owner-occupiedconsumer-purpose loan.

How's it possible forPacific Private Money to do these types of loans,where other people can't? - Well, it's funny becausewe hear all the time, oh it's illegal to do a private money loan or a hard money loan, on anowner-occupied residence, and that's simply not true.

The regulations allow it,it's just you have to follow very specific underwriting guidelines.

First of all, you haveto be licensed to do it.

And a lot of people in theprivate lending business, are not willing to go outand get the NMLS license.

They're not willing to becomea mortgage loan originator.

So the extra licensing, itcosts money and it takes time.

You also need to have theunderwriting guidelines, which we paid our law firm alot of money to help us create those underwriting guidelinesso we could be in compliance.

And, so, at the end of theday we need to make sure that they have the ability toafford those monthly payments.

There's also certain otherrules and regulations, for example.

Instead of a 10 day due date,it's a 15 day grace-period, late charges are less, you're not allowed tohave default interest.

So there's a number ofconsumer protections in there, but we really like the loan product, because there's a need for it, there's a demand for it, it helps people to purchasehomes when they couldn't otherwise or to borrow moneyto improve their home when they couldn't otherwise do that.

So it's not illegal, it'sjust you have to do it within the guidelines of the law.

- You have to know the law, yeah.

- [Interviewer] So it soundslike most private hard-money lenders just don't have theinterest or the infrastructure-- - Maybe the resources, - [Interviewer] Or theappetite for doing-- - Yeah, it's more expensive.

You have to scale up.

You have to hire peoplewho know how to underwrite, and produce theconsumer-driven disclosures, you have to have the software.

So between the licensing, the staffing, the paying for the education and the underwriting guidelines, and producing, and the time involved.

It's just, it's more overhead, of course, to do these things, but we just, we like the business model.

We think there's a strong need for it.

It's an underserved market, and we like underserved markets.

mortgage advisor

USDA Loan Company in Texas | USDA Loan Info | (888) 464-8732

USDA Loan Agent Texas TX | USDA Loan Info | (888) 464-8732

What are the requirements for the USDA program in Texas? So that’s going to be looking at a 640 minimum credit score requirement.

There is a income requirement too when applying for a USDA Loan Texas.

So basically the income requirement is about 78,000 if you’re in a family of 1 to 4 if you’re in a family of 5+ that’s gonna go up to about $103,000 on the income limit.

interest only mortgage calculator

The big requirement for USDA is that it’s property specific.

It’s got to be in a USDA Approved Zone. How much down payment does this program require?

It’s actually 0% down payment which is Great!

Ok Awesome, and how much does the average home buyer come in with out-of-pocket?

So because your down payment for a USDA Loan in Texas is covered you’re just gonna have to come in with again your prepaid and closing cost So if it was a $300,000 purchase.

housing loan

you’d be looking at about $7,500 cash for keys to get in the home.

What type of home buyer is the USDA Loan program Ideal for? So this is going to be ideal for the home buyer that’s looking for a property in those specific areas.

Ideally it’s properties that are going to be USDA Eligible rural zones.

So not right in the middle of the city, but maybe if it’s more on the outskirts, on a little bit of land, lower tax rate areas that’s probably going to be a property that’s eligible and that would be ideal because that one would probably qualify OK, Fantastic.

What is a USDA Home Loan?

I bet you’re wondering, what is a USDA home loan?

Designed with the residents of more rural areas in mind, the United States Department of Agriculture designed its loan program to enrich rural communities by providing affordable home loan options to low-income households that may not be able to secure home financing through other means.

Who has time to stop and smell the roses? You don’t, and this isn’t even a rose.

interest only mortgage calculator
What are the requirements for the USDA program?

So USDA has a few interesting requirements First of all, you’ll need to have at least a 580 credit score Some lenders require a 620 credit score.

Your household income has to be under the county maximum Like a lot of down payment assistance programs. This is based on family size So 1 to 4 is one category and then 5 and above is a higher threshold for qualifying

What’s unique about this one is the home has to be within a designated area.

capital mortgage

So, Typically what that means is.

NOT within a metropolitan area So within our area here (Riverside county) Our local cities around her don’t qualify But we only need to go 10 miles away to where there’s an open area where there’s Several homes that qualify.

USDA stands for United States Dept of Agriculture But it’s NOT a farm loan.

Specifically, they don’t finance this program for farms in Texas.

It has to be a Single Family home in the Texas area, without a barn structure on the property.

Then it also has some home price limitations.

mortgage qualification

The Threshold is a little bit lower than say an FHA loan for the loan limits.

Ok, and how does this program differ from other Down payment programs?

So it’s different because it’s not really a down payment program but it allows financing up to a 100% of the purchase price And it’s interesting because you can actually use this program with 1 or 2 of the other programs.

If you need closing cost assistance But, what’s unique it’s a 100% Financing so you don’t need a 2nd or a 3rd lien on the property.

Your interest rates are typically lower than if you combine it with a down payment assistance programs and you don’t have to repay any down payment assistance.

It has a monthly factor It’s like mortgage insurance upfront It’s financed at a monthly component.

Much less than FHA So if you can qualify for this program It’s better than FHA And As I mentioned, rates and payments Are typically lower on this program So USDA is really a great program.

interest only mortgage calculator

Great!

And on average How much does the home buyer have to come in with out-of-pocket?

So Again, we are financing the whole loan Purchase price up to 100% So the only thing remaining is then the closing costs Typically, plan on around 3% of the purchase price for funds to close.

The question there then becomes, Well, Where does that come from? Typically, we ask the seller to cover those costs And if we can get the seller to cover 3% Then, the buyer may only need to come in with an earnest money deposit.

And they may even get most or all of that back.

If the seller is covering all the fees.

One unique feature about USDA Versus all other loans is that if the home appraises for more than the purchase price.

We can finance the closing costs up to that appraised amount So, no other loan I know that we can actually finance the closing costs.

What type of home buyer is this program ideal for?

So certainly those that don’t have access to money for a down payment Anyone that wants to live that doesn’t have to live within a metropolitan area because, again, the house has to be in an area that is not in a high densely populated area.

usda loan rates

It’s also suited well for people who have some credit issues and anybody that qualifies for this program would definitely be better served than going FHA so those type of people.

And besides the Area restrictions are their any other property restrictions? So property restrictions are going to be similar to FHA They’ll do manufactured homes.

They’ll do homes with Casitas So no real other restrictions.

Just if it conforms to the FHA guides then it should qualify for USDA There’s a couple little quirky things that you don’t run into very often like you can’t actually have a barn on the property It definitely can’t be for agricultural purposes It has to be for residential purposes.

USDA Loan Texas – Do You Pre-Qualify?

home equity rates

Hi everybody, Nick Brownell from Total Mortgage here in Newport, Rhode Island.

When you're purchasing a home, you have many choices, whether it's USDA, conventional, FHA, or it could be a VA option if you're a veteran.

So I want to make sure everbody knows, because this is a very common question, that an FHA loan is not specific for first time buyers.

An FHA loan is able to be lent to people for their primary residence.

So if you anticipate on living in a property, you will be able to qualify for an FHA mortgage.

If you want to learn a little more about FHA loans and what they could offer to you, I'd be happy to help.

Ryan Venz discusses USDA Loans.

mortgage assistance

I don't want your client's loans.

I don't even want to hear from them.

In fact, I'm gonna show you how to make it so that they never have to hear from me, but they can still get our low rates and our low fees from your preferred lender.

Tt's actually pretty simple.

On your next deal, in fact, on the deal you already have in escrow, get your clients to agree to let you send me these four pieces of information.

I'll put together our rates and fees for their scenario and I'll shoot it over to you.

Then you can take that into your current preferred lender and say, "Hey buddy! Hook my clients up, just this once?" Wait, I said that all wrong.

"Hey buddy! Hook my clients up, Every time!" If they're willing to hook your clients with our low rates and our low fees, every single time, then I don't want their loans.

I don't even want to talk to them.

But if they're either unwilling or unable to do that, then you need to know that we are both willing and able to do that for your clients.

You owe a fiduciary duty to your clients to do what you know is right for them.

If your current lender is willing to do that for them, then stop watching this video.

But if they're unwilling to do that then finish up this video, shoot me a DM on facebook, give me a call, shoot me an email! Whatever it takes, let's get together and do what's right for your clients, every time.

best mortgage interest rates

USDA Loan Company in Texas | USDA Loan Info | (888) 464-8732