Category: USDA

USDA Accessory Dwelling Units

Question: Does USDA allow accessory units? I have a large main home and a large detached garage with a 2 bed/1 bath apartment above it. NEW MC Accessory Dwelling Unit – All Agency Comparison Answer: USDA does allow ADU’s if the Appraiser determines it is indeed an ADU vs second SFR. This information can be […]

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Buying a new home is exciting and we know you are dreaming of all the things you need to buy.  Important Tip:  Do NOT add any debt while your home loan is in process, as this could affect your ability to qualify for your new home!  If you must add debt, call me first and let’s discuss the impact that decision may have on your loan approval.

Buying a new home is exciting and we know you are dreaming of all the things you need to buy.  Important Tip:  Do NOT add any debt while your home loan is in process, as this could affect your ability to qualify for your new home!  If you must add debt, call me first and let’s discuss the impact that decision may have on your loan approval.

Related Article Title: Requirements for a QC Credit Pull Question: Our client’s credit was pulled at the end of May. Our debt monitoring flagged a new account opened early in May, but this was not listed on the credit report. Are we required to repull credit? Answer: USDA requires documentation in the file of the […]

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Minimum Employment History Required

Question: How long does the person need to be on current job to qualify? My client has had three employers in the last year, after being with one employer for three years. MC – Income Analyzer – Employment History Answer: A minimum of 1 year is required and can be met through multiple employers. I […]

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Requirements for a QC Credit Pull

Question: Our client’s credit was pulled at the end of May. Our debt monitoring flagged a new account opened early in May, but this was not listed on the credit report. Are we required to repull credit? Answer: USDA requires documentation in the file of the new debt that did not report on the original […]

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