I am working to buy a house through this program. I talked to an eligible lender in the area I was thinking of moving to, and they said I had to save up enough money to pay for inspections and "due diligence." They said they like to see some money at closing, but once I buy the house I get that back. I am trying to save around $6000. So some money is still needed up front. I think it is important for people to know that if they are looking into this program.
@HermesGirl
2 жыл бұрын
With the DIRECT program ,if the house appraisal comes back higher than purchase price and under loan limit, a lot of costs can be rolled into the loan. Is that the same with guarunteed?
@jeffflowers729
2 жыл бұрын
@@HermesGirl up to 105% of contract price but so rare for home to appraise above contract I don’t want my borrower to count on it. If it happens great but you better have a plan A.
@shika1975
2 жыл бұрын
Thank you for this info. It's always a "good credit, bad credit, no credit, on approved credit" situation. They can never just say yes you can or no you can't.
@tonyserrano6429
Жыл бұрын
thank you for letting us know..
@elisabetesolange6069
Жыл бұрын
So I do need to pay for inspection, closing cost, and appraisal too? Even when it’s 0% money down
@LOLZHAHANOTFUNNY
2 жыл бұрын
My husband and I live in Arkansas, we used the USDA program in 2019 to buy a house for $139,000 in Prairie Grove at 3.25% interest, we were both age 23. We now owe $130,000 on a house that is worth $205,000 and have used the cash flow we gained from getting out of renting and normal pay increases to pay off $26,000 in student loans at age 25. We have paid cash for our used cars and paid cash to have our first child 10 months ago. This program has totally changed our lives and our net worth went from negative to over $100,000 by age 26. One government program that truly works.
@NicoleNark
2 жыл бұрын
I am SO happy you shared your experience Kassidy and that the USDA loan helped you take a major step towards financial security! 😊
@LOLZHAHANOTFUNNY
2 жыл бұрын
@@NicoleNark We all appreciate the info Nicole you're doing a great job!
@glee21012
2 жыл бұрын
Meanwhile the rest of us have to put a down payment, because we make too much money. Must be nice. SMFH.
@LOLZHAHANOTFUNNY
2 жыл бұрын
@@glee21012 It really is nice, because being lower income should not bar someone from home ownership. We have the dignity of controlling our shelter which is one of the greatest prides of our young marriage.
@igotanimac1
2 жыл бұрын
@@glee21012 The max income to get zero down payment usda loan is $103K-$137K, so if you make over that, I'm sure you can put down 3%. Unless you thought the max income was like $40K.
@silviamartin5583
2 жыл бұрын
I got my house with a USDA loan. It was a great experience. It allowed me to realize my dream of being a homeowner.
@Boujieboss
Жыл бұрын
Hey would you mind answering a few questions ?
@corpr8dystopia778
2 жыл бұрын
this loan started my path to wealth in 2012. I couldn't afford a down payment and my credit wasn't that good, but I could afford a mortgage because I was renting at that time. this is a great program!
@SreysrosTakeo
2 жыл бұрын
Nicole . I listen to you about 2:50 minute I have to stop and comment , I can’t wait till I finish “ you are born to do this , the voice the way you speak the expression , the gesture and the way you read the content “ amazing job amazing 👍👍👍👍👍
@Dedrae11
Жыл бұрын
Everyone Nicole know her stuff and she can explain it very well!!
@ericjeanette-homefinances2510
Жыл бұрын
although there are no credit score minimums for the program, lenders impose their own credit score minimums for USDA loans. It will be difficult to find someone who can help with scores in the low to mid 500's
@myaandgrammy2184
2 жыл бұрын
Thank You so much. My husband and I are in our mid 60’s and are retired. I am in Social Security Disability and my Husband is on Social Security and two small pensions. Due to Covid we have some charge offs. I want to pay those off. I am working on our credit score. Thank You Again
@amybarathStorminStormy
2 жыл бұрын
Excellent video Nicole. Timely info for me as my neighbors rent just went up $450 and now I am seriously looking to buy! Thank you for this info.
@NicoleNark
2 жыл бұрын
Happy to help Amy! Thanks for watching 😁
@pippysplaytime1234
Жыл бұрын
Rent on Long Island is 3360 for a two bedroom plus utilities. I am desperate for a usda loan. I can’t rent
@nerryjimenez6530
Жыл бұрын
Thank you so much. I am in the process of getting a home through the USDA program. Your information helped so much and look forward to seeing more details! Thank you again, Blessings, Nerry Jimenez
@Constitutionalapologist
2 жыл бұрын
You make such clear and concise videos. They are so helpful. God bless. :)
@NicoleNark
2 жыл бұрын
I’m happy to help! Thanks for watching 💕
@nomdeguerre8464
2 жыл бұрын
Acreage limits are also affected by whether the property is subdividable. That means a 2 acre max in our area.
@nomdeguerre8464
2 жыл бұрын
Haven't finished listening, but be advised this program can take 10-12 months after you start the process, per our local rep.
@nomdeguerre8464
2 жыл бұрын
For the direct program that is.
@Frannie.Zamora
Жыл бұрын
I wish you can be my realtor. A true knowledgeable one and is really well-intended to help. Thank you for sharing information. One day, a dream will come true.
@NicoleNark
Жыл бұрын
Thank you so much! When you are ready to start the process I am happy to get you connected with someone great who can help!
@rosegreen2787
Жыл бұрын
Omg yes I need information on filling out application for construction to permanent loan asap please. Thanks so much for doing these vids. Nice def Leppard shirt 👩🎤
@MelissaPettipas
2 жыл бұрын
I’d love to see the next one be about the construction option :) thanks for breaking it down for us!
@NicoleNark
Жыл бұрын
More to come!
@Beastiscntrlr
2 жыл бұрын
My questions: Any insight on a married couple, one with good score/credit established and not the other? How do they look at that? Is it helpful to add my spouse as an authorized user on some of my credit cards? This video was beyond helpful! I’m next door in Mississippi, right outside of Memphis. Thanks for helping us understand.
@MrsAK.Simmons
2 жыл бұрын
My husband is going through the program as we speak. We have similar, yet very different credit for different reasons. The loan will be in his name and my name on the deed. However my income will be used in his loan, because I will be living in the household.
@fireboltrider8684
Жыл бұрын
I’ll take a look at your channel to see what you posted after this video, but I’m very interested on finding out more about the construction to permanent loan ! I love the breakdown and how to explained everything!
@Dedrae11
Жыл бұрын
Fantastic and very informative video!!! Please make a video about the USDA Construction to Permanent Loan Program
@mochalattemiss
Жыл бұрын
Hi Nicole! So glad I found your videos; They are a HUGE help. Here is the situation: My father left me land in a VERY rural area of southern Virginia (SOVA) which is eligible for all USDA products (I did look it up). Right now, I live in a neighboring state and rent a home; I also own a small business (sole proprietor, but I have owned it for 21 years) and I can work from anywhere, so moving to SOVA is no big deal. I already live in a very rural state and I am used to the “country”. Plus, it would be very cool to live on family land with cousins, that has been passed down for 125+ years. Here is my request for you: I’d like to know more about the USDA Construction to Permanent build loan. In my case, I an self-employed and like all self-employed people, the two years around COVID were horrendous, with very little work. My credit score is rebounding and I was able to keep my new car (bought in Jan 2021), but it has been hard times. I have several questions: 1) How much does the USDA understand the time around COVID and how hard it was for self-employed people? Conventional lenders typically do not get it. 2). I have timber on my land that I would like to harvest, with some of it going into my home-is there any loan penalty for doing that? It will reduce my building costs greatly, as well as making sure that the beauty of the outside comes inside to be part of the frame and panel the walls. Finally, how does one value the family land (it is not a sale: I will be cutting off my desired 4 acre piece and re-deeding it in my name only (currently, it is in the estate name). Does USDA take into consideration that the land is wholly owned and apply that as a credit to the home’s value, and how that that effect the loan? I will be traveling down to Virginia in December to walk the land and pick off my area, then going through the process on re-deeding the land to me. If this is too much to answer, I understand, but I am sure that there are people like me who are heirs and want to “return home” and need some advice. Thank you so very much, in advance, for any help you are willing to give, and maybe this (rural heir property) would make a great video!
@rnt45t1
2 жыл бұрын
Good advice, summed up nicely! Thank you Miss Nark!
@tcb19531
2 жыл бұрын
THANK YOU SO MUCH!!! THIS INFORMATION IS PHENOMENAL!!!!
@mj.p.3423
2 жыл бұрын
Thank you for this informative video Nicole. I noticed on the website there was an option for Multifamily homes, can you make a detailed video about that program?
@clarityofthought
Жыл бұрын
I think another video going indepth about the USDA construction program would be extremely interesting as I’m thinking of new construction. Thank you.
@rachaelmcculley712
Жыл бұрын
Hey thank you so much for all this info! Could you do a video on the construction to permanent home loan?
@NicoleNark
Жыл бұрын
Hey Rachael! I have a full video explaining the construction to permanent loan on my USDA playlist!
@bert8616
2 жыл бұрын
I would be very greatful for a video on the Construction to permanent loan program! 🙏
@NicoleNark
2 жыл бұрын
Coming soon!
@dyshawaites6047
Жыл бұрын
Can you talk more about the construction to permanent and also the farmer loan that helps pay for the home and the ponds… etc
@NicoleNark
Жыл бұрын
I made a whole video covering the construction loan. Here is the link: USDA Construction Loan Requirements 2022 Full Guide! kzitem.info/news/bejne/taeNtKN_bIFim3Y
@LeilaniEsperanzaMendoza
Жыл бұрын
Thank you so very much for making this video! 💕☺️ It helped me understand so much that just didn't make sense with all the different terms for these types of loans
@NicoleNark
Жыл бұрын
So glad it was helpful!
@natashaforeman6607
2 жыл бұрын
Thank you for sharing this information. I'm interested in learning more about the USDA Construction-to-Permanent Loan Program that you mentioned. I thank you in advance for sharing your insights.
@amsmagicalgardeninsmall1009
2 жыл бұрын
Hi Nicole. Thank you for your content. I wanted to say that I went and googled my point of contact in Nevada and even looked up Arizona, California and Colorado. Actually finding a number was very difficult so " can you go through how to find out a representative from the USDA so that you can apply please? " Also, I went ahead and contact the one "from Nevada, and he told me I needed to work on my credit and then try again later. That was very disheartening" and discouraging. So "is it possible that you can do a video where you post on the screen all 50 states and the points of contact?" And lastly, can you do a Mock application for us all to see?? It's not a easy walk through or self explanatory and many need help on the "what is this?" aspect of the application. Thank you again. A
@justanotherchannelfornow2846
2 жыл бұрын
The USDA will allow you to pay down balances on credit cards and show some of them paid down, pay off any old bills from the credit bureau and make sure your debt to income ratio is 30% or less of credit usage on your income. It is difficult yes, but it is definitely easier than regular financing.
@lla77
2 жыл бұрын
Another video please
@NicoleNark
2 жыл бұрын
Any specific questions you have that I can answer in the next one?
@lla77
Жыл бұрын
Maybe how many tradelines and if i need to pay off my collections
@samanthahoma9211
Жыл бұрын
This information was helpful! Thank you Nicole Nark.
@NicoleNark
Жыл бұрын
You're so welcome!
@bilalassaf3302
2 жыл бұрын
Great information Nicole tanks I find your content very informative, I would like to know how does these programs work for single parents also what if we can't live in rural areas because of school for the child and the job for the parent??
@the4evrQueen
Жыл бұрын
Would love to learn more about the construction loan program! Very informative video, thanks for this
@NicoleNark
Жыл бұрын
More to come!
@KevinintheUSA
Жыл бұрын
New subscriber Realtor in Tampa Florida. Great content and thank you for sharing.
@NicoleNark
Жыл бұрын
Thanks Kevin! I lived in Sarasota back in 2012 and 2013! I sure miss the gulf coast being landlocked.
@aminayyoub197
2 жыл бұрын
Hi Nicole, I have a couple of questios: Im 67yrs old and my monthly retirement income is $900.- My credit score is 697. I will be buying the house with my wife . Her credit score is 573. Her income is $2500. Together we make $3400. This income can be raised by at least $1500 if I get a job. So the total income will be $4900.- I filed bank ruptcy 3 years ago. 1-Can we (me & my wife) apply for a USDS loan to build a house in Cordova TN 38016.
@reibercollado8971
Жыл бұрын
Yes go for it .
@tcb19531
2 жыл бұрын
Hi Nicole, thank you for this awesome information. Yes, I would like more information about the USDA LOAN PROGRAM. Thank you!
@danielbabson9782
Жыл бұрын
1, it is like war to find USDA lenders, 2, the eligibility is another war, 3, the USDA webpage is another battle to navigate, 4, good luck getting a response from a government agency
@angelametcalf7330
Жыл бұрын
Nicole I need a video on the Building a home with USDA
@travisselfe1811
2 жыл бұрын
Will you do a video on the construction to permanent loan that would help a lot I didn’t know usda did those types of loans, thanks, and your videos are so awesome and informative
@NicoleNark
2 жыл бұрын
I sure will!
@sherrielodge8615
2 жыл бұрын
They do & no closing.
@DeannaMaurice
2 жыл бұрын
Great video. Can you make a video on the construction to perm?
@NicoleNark
Жыл бұрын
coming soon!
@davidzuelke8599
2 жыл бұрын
i am doing every thing i can to pay off my debt i see no future in what im doing making payments to the government!! i am a farmer and we are the ONLY business in the states who are NOT allowed to set prices for what we produce
@newbeginnings8517
2 жыл бұрын
Im almost approved for the program. I have to complete the first time homeowner class. Can you do a video on udsa construction loan? Thank for the video
@NicoleNark
2 жыл бұрын
Yes I will!
@porschelovingshawnrobinson
Жыл бұрын
Did you have to put down a down payment if you don't mind me asking ?
@We_Move_Forward
Жыл бұрын
Amazing! Thank you so much! Can you use the USDA loan if you currently own another property via conventional loan?
@marioferreira9570
2 жыл бұрын
I loved this video! It was so helpful. Can you make another video on the “USDA Construction to Permanent Loan program”, or provide me with some resources on where I can find some more information. Thank you so much!
@NicoleNark
2 жыл бұрын
Ill have a video out about the Construction to Permanent Loan program soon! 😊
@Karliandrews
Жыл бұрын
please do a construction to permanent loan video for building a home! some resources for Virginia would be helpful!
@NicoleNark
Жыл бұрын
Stay tuned. Video coming soon!
@melissalozano5283
Жыл бұрын
Thank you Nicole !!!,🙏🙏🙏new sub to your channel i appreciate you using your knowledge to help people like me thank you
@NicoleNark
Жыл бұрын
Thank you for watching!
@sa3757
2 жыл бұрын
awesome video always well spoken and articulate, might need to move to Arkansas just because I think you would be a great realtor to have! Hoped there was an easier way to get find list of houses that are rural qualified rather than getting a house and then confirming it by the address. Would love to have that if there is such a thing. Keep up the great work:)
@NicoleNark
2 жыл бұрын
Thank you so much! I have not found a site nationally that is able to show you which homes would be able to qualify. You might want to check with a local Realtor in your area. This is something that I can generate for my clients but is only available on a local level through my MLS.
@sa3757
2 жыл бұрын
@@NicoleNark thanks:) ❤️
@bluefire0872
Жыл бұрын
Have you ever heard of Society Mortgage for USDA loans? I am trying to buy my 1st house would like to see if I can finally make that happen. I checked them in the BBB and they have a A+ rating just wondering if you have heard of them. I am in Florida! You have such great information thank you so much for this video!!!
@wandaaddison1671
2 жыл бұрын
Please do a video on the USDA Construction to Permanent?
@prestigelawncare9389
2 жыл бұрын
Do they have something for first time home owners that want to start a farm on land. Thank you for the information.
@GabrielaRodriguez-vw2bm
2 жыл бұрын
Thank you!! I would really like to know more
@alau4739
2 жыл бұрын
Hi Nicole, enjoyed your video. I have been pondering on buying the land and having the house constructed in one loan. However, I was under the impression you had to buy land cash and paid before construction on a home could commence. Please do a video to explain how it could be done.
@msonestar7
2 жыл бұрын
Yes, you can buy land first, and then do construction loan. But If you are going to do a loan for a land lot and a loan for construction then it’s better to get a land lot loan and construction as there’s one closing. Also, Nicole already did a USDA construction loan vid recently.
@terrimiles9756
2 жыл бұрын
Thank you , this is very helpful for me.
@NicoleNark
2 жыл бұрын
You are so welcome Terri!
@GullahGeecheeFarmer
2 жыл бұрын
Would love the usda to actually do more for farmers..
@ReggieHammond68
Ай бұрын
When things seem easy, always know there is a catch. Dont get tricked into moving to the middle of nowhere. Rural means very low paying jobs, poor opportunity for advancement, poor school system, etc etc If you go this route you will become more likely disenfranchised in so many ways. This is designed to move people from these over crowded cities as and to persuade rural living people not to move to the city.
@meghanhill1142
Жыл бұрын
Excellent…thanks for the information
@NicoleNark
Жыл бұрын
Glad it was helpful!
@bitkrusher5948
2 жыл бұрын
When the economy dumps and you can't pay your mortgage they will own everything......question why would the dept of agriculture lend you money for a house???.
@igotanimac1
2 жыл бұрын
You can find that info on their site, in fact one of the questions on their FAQ is 'Why does USDA Rural Development do this? Rural Development undertakes this program in order to promote rural economic development and job creation projects. They do 0% down payment loans and 1-3% interest rates on a 33-38 year mortgage.
@marshall731
2 жыл бұрын
How do I find out more about the acreage requirements? I’d like to buy a rural home on 7 acres, but would that be too much land? What does “common” acreage mean?
@genelljohnson7335
2 жыл бұрын
I am interested in more information.
@seken2nun
2 жыл бұрын
Good info, much appreciated!!!!
@NicoleNark
2 жыл бұрын
Glad it was helpful! Thanks for watching 😊
@amandakk7545
Жыл бұрын
Your information was so helpful...but my husband and I are approved for 350k conventional loan, but we have no savings for a down payment. We found 5 acres in the USDA area, but it has a double wide manufacturer home on the land that was made in 1996 that's been retired, tied down and permanently done. But the lender told us they will not do any loans if the home is that old. Sure would love a quick as possible remark about that...we love the place but can't get it....😔 thank you in advance.
@JillfromChicago
Жыл бұрын
In IL there are 'Down Payment Assitance' programs that turn into Grants if you live in the house for X many years. I have found them through my local HUD office web site. I would bet your area has them as well.
@onerandomvtuber7173
2 жыл бұрын
I’m waiting on my approval, fingers crossed! I make about 50 a year, went the direct route. Do you know what the approval range is? I have great credit too
@NicoleNark
2 жыл бұрын
Hey there! I don’t have an approval percentage but from what you have shared with me, I think your odds are pretty good! Keep me posted 😊
@onerandomvtuber7173
2 жыл бұрын
@@NicoleNark Thanks, will do! I’m hoping for a 220k approval, that way I have wiggle room!
@simplymorgans
Жыл бұрын
Great information
@archiehendricks6093
2 жыл бұрын
My dad was from dequeen, little rock, wintrop
@NicoleNark
2 жыл бұрын
Sweet!
@silvergate8952
Жыл бұрын
Can you make a video about USDA construction to permanent loan please, please please
@qronlandqronland9987
2 жыл бұрын
Great video. A lot things to know. Appreciate that you doing for us. I have 2 more questions, if self employed, they will check only last 2 declaration or last 24 bank statements as well? And another what happens if you apply for one amount to get a loan and house market goes down and bank will appraise lower amount that you need, where I can take difference?
@maryhughey4677
2 жыл бұрын
Hi I'm in South Carolina.
@joshplemon
Жыл бұрын
Great video, thank you! For primary residence standards, is it a one year minimum?
@blackblursliver
Жыл бұрын
How do you pay it back?
@christinaowens6433
2 жыл бұрын
What if you own three acres already and need the loan to build a house?
@jessicatorres7984
2 жыл бұрын
Do I need to prove that I have a job in the new state where I'll be moving to?
@walteredwards6489
Жыл бұрын
Thanks!
@NicoleNark
Жыл бұрын
Thank you Walter!
@shantwhite1981
Жыл бұрын
Hi Nicole, can you or someone here please explain how the back end of this program works? I understand the criteria to qualify, but what does 100% down payment mean? 3%, 5%, 10% etc…? And once that’s paid, are you paying the government back anything? Because nothing’s “free” 😅. Seriously, are there any fees? And for ex: if the home is $250,000, are you paying that exact amount back to the lender (where this program just gets you in the door)?? Do you have to live in the home for a certain number of years? And last, I know you said the person can have owned a home before, but can you get a USDA loan multiple times if you choose to move to another qualifying area?? I’d appreciate any info you can provide.
@shellsdishes5585
2 жыл бұрын
You are truly awesome
@NicoleNark
2 жыл бұрын
Right back at you! Thanks for watching 😊
@jennifermay426
Жыл бұрын
We are wanting to buy land and build our farm. Can you talk about the construction loan program?
@NicoleNark
Жыл бұрын
I have a video on this coming soon. :)
@hoosierforlife2250
2 жыл бұрын
Hi I'm interested in more information on the construction to permanent to build a house on land that I am already buying Thank you
@alejandromorales5822
Жыл бұрын
Q: I found a property in a qualify area, but it has 2 separate small buildings with separate power and septic, I guess this will be consider an investment property? WILL THIS QUALIFY FOR USAD? If not, what are my options? good info. Thank you.
@umrrobberk
2 жыл бұрын
Thanks for the video. We tried to get a loan but was denied because our debt-to-income was too high. Since school loans payments are on deferment due to Covid, they have to use a percentage of loan balance as the “monthly payment “ vs what it would actually be if paying. If on an income based repayment plan, that would be a low amount to use vs the percentage. Does that sound right? Guess we’ll try again once repayments start up again.
@NicoleNark
2 жыл бұрын
Hey Robert! Unfortunately that does sound right. If you are not on an income based repayment plan lenders do have to take 1% of your student loan balance into consideration when calculating your DTI. When you get back on the payment schedule, lenders will be able to use your actual payment amount.
@JillfromChicago
Жыл бұрын
@@NicoleNark So are you saying being on the 'income based repayment program' for student loans will help with my debt to income ratio? Or it it will be calculated the same way as if you are making full monthly payments? Thank you!
@NicoleNark
Жыл бұрын
@@JillfromChicago Being on an income based repayment plan will allow lenders to use the monthly payment rather than 1% of your student loan balance as they would if you are in deferment
@thomasmongan9982
2 жыл бұрын
I want to know about the USDA Construction to permanent loan program.
@timsparks5972
2 жыл бұрын
We are interested in the Construction to Loan requirements.
@NicoleNark
2 жыл бұрын
I will have a video on this soon!
@chelseyledoux5366
2 жыл бұрын
I would love to see the construction to permanent loan program. We are in alaska.
@kingslender1874
Жыл бұрын
I want to buy a modular home and buy land.
@d-don6966
2 жыл бұрын
thank you much !🙏🏼😎👍🏽
@lilmelmackey9102
Жыл бұрын
Hi, liked your video. Can we do this if we own a home already that is paid off? And or paid off with a Heloc
@itzavillatoro1311
Жыл бұрын
Hi i would like to know how to qualify for a construction loan
@NicoleNark
Жыл бұрын
I made a full video on it. Here is the link: USDA Construction Loan Requirements 2022 Full Guide! kzitem.info/news/bejne/taeNtKN_bIFim3Y
@kongzilla9962
Жыл бұрын
I'm 42 with three children my other half and i have about 10k saved my credit just dropped 56 pts from a loan paid off to 679 I have 0 to debt credit ratio and no cards no car payments I buy used in cash I was wondering what would be better for a 140k loan fha or usda? Combined we make 50k a year.
@domsterish
Жыл бұрын
Eligible but who is eligible
@chrisitl
Жыл бұрын
I don't have credit but I've been renting for 4 years? Would that count? Also I do pay utilities
@vatite7639
Жыл бұрын
How if have your own Land and want a house built on it
@The_Bulette
2 жыл бұрын
Are there any kinds of loans or grants that can help a family that has a home; but its located on property they do not own and are being told to just leave; could we possibly get assistance to acquire property and relocate our existing manufactured home? Or possibly even get a new home so we can then just sell our current home once we are safely off property? As our situation is "[VERY]" toxic and deteriorating daily! Urgently hope you can reply with any info possible...
@JillfromChicago
Жыл бұрын
I'm sorry, I hope things get better for you in 2023!!
@mathiaswallace347
Жыл бұрын
Do you have any information about how someone's income is calculated for the purposes of the USDA loan? If I live in and own a duplex and I rent out one (or both) side(s) is the rental income I collect counted toward my household income?
@rickiecastro6345
2 жыл бұрын
Hi. Great info thanks I have bought 5 acres of land in Texas And planning to build a house. But I don’t know where to start. Or where to apply for it. Any help would be appreciated
@itzavillatoro1311
2 жыл бұрын
What about-face student loans debts if it's n deferment how they go
@bichela
Жыл бұрын
How do they calculate your income if you are on SSDI?
@Davion_savant
2 жыл бұрын
Hi Nicole appreciate the video , I have sort of two questions , one being about the DTI front & backend parameters and how the mortgage payment can't exceed gross monthly income aren't they sort of the same thing? and are there any supplemental programs in the case that my 29% of gross monthly income is roughly $725 in a florida market in which its probably like $400-700 dollars short ?, thank you for any help.
@joevdenne1930
2 жыл бұрын
From those that went through the process how long did it take from application submittal to closing on your home? I heard that the USDA drags their feet at a few steps along the way. Did it take 5 months total or 8 months? Any info is appreciated.
@Southernbliss94
2 жыл бұрын
So far we it took a month to hear back on the application, 07/11 put offer in on house 8/10 appraisal was ordered it’s a lengthy process I’m in Virginia may be different in your area
@craigpmills7768
Жыл бұрын
Thank you Nicole! Nice video🙂 I am a retired builder and bought land in Briarcliff Arkansas. I am in the very low income category. I would like to build a house on the land myself as a builder. I have talked to three different local and national lenders. None could find a bridge loan for me to do the work myself. They all stated different reasons. We don’t do tiny homes, our investors don’t allow owners to build their own homes. So I would like to know if I applied for the direct loan myself, if I would be allowed to build myself. I’ve been pre qualified for 70K and have plans and property ready to go. But I can’t get a loan to get started. Any suggestions?
@MASBENICHANNEL
Жыл бұрын
Good
@ivyperry1350
2 жыл бұрын
What about inheritance does that qualify as your income
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