Tag: USDA

USDA Multiple Updates – GUS Enhancements, FAQs and Income Limits

Written by: Tammy Butler, Publisher USDA is making huge strides in technology, communication and guideline clarifications.  This information will keep you up to date or help you learn more about working with USDA. USDA Updates: The team at USDA has been super busy these last couple of months with notification after notification, and we applaud […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Calculation of Income When Married Borrowers are Separated

Question: My client is separated from her husband. They have not lived together in over a year, but are not legally separated. She is a first-time homebuyer and has never owned a home. Do I have to account for his income, because they are still legally married, even though they are not living together? Answer: […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Minimum House Size for USDA

Question: Is there a minimum requirement for the size of a USDA home or number of bedrooms?  Answer: There is a minimum square footage requirement for manufactured housing of 400 sq ft, but there is no minimum number of bedrooms. [Article Published in Question & Answer Issue – May 25, 2021] Copyright © 2021 – […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

If you are purchasing a Manufactured Home, ask the seller for the Manufacture Date!  USDA will not allow a manufacture date exceeding 12 months of the purchase agreement contract.  I help homebuyers finance manufactured homes and I’m happy to answer your questions!

If you are purchasing a Manufactured Home, ask the seller for the Manufacture Date!  USDA will not allow a manufacture date exceeding 12 months of the purchase agreement contract.  I help homebuyers finance manufactured homes and I’m happy to answer your questions!

Related Article Title: Financing Manufactured Homes Over 12 Months from Manufacture Date Question: We keep getting a “refer” from GUS for a manufactured home that has never been lived in, but has been vacant for a while.  Is there a rule about the age of the property even when it has never been occupied? Answer: […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top