I own a business for 5 years but taxes don't show to much income, so I went out and got a waitress job last year. I'm paying $1500 in rent which is ridiculous since there isnt hardly any homes for rent because I live in farmland. I could pay a morgage x 4 with the amount I'm paying for rent. I pray to god that I can get approved for this loan
I have a 755-780 credit score, no liens, bankruptcies, 30 day late etc... but I only have a 15-20K verifiable annual income. Ive read that the 502 USDA Direct loan is for low to very low incomes. Do you think they would approve me? Im also a 1st time buyer, if that matters.
I have limited income, not the greatest credit score, but have special family circumstances that make owning our own more logical. How do I find out if I qualify? We rent currently but are squeezed in a 600sq ft apt and with my kids' issues its making things worse for them. What do i do?
With a usda loan does my husband have to be on the application too? Due to him having a house that was foreclosed less than 3 years ago I dont think we will be qualified applying together.
I own a business for 5 years but taxes don't show to much income, so I went out and got a waitress job last year. I'm paying $1500 in rent which is ridiculous since there isnt hardly any homes for rent because I live in farmland. I could pay a morgage x 4 with the amount I'm paying for rent. I pray to god that I can get approved for this loan
I just called and left a VM at my local usda office
How does a authorize user affect you trying to get approved for a USDA loan?
Can a person on SSDI OR SSA qualify for this type of home loan?
Yes
new updated video - ua-cam.com/video/9hDBcOhmTEs/v-deo.html
I have a 755-780 credit score, no liens, bankruptcies, 30 day late etc... but I only have a 15-20K verifiable annual income. Ive read that the 502 USDA Direct loan is for low to very low incomes. Do you think they would approve me? Im also a 1st time buyer, if that matters.
I believe you would. Your purchase amount might not be extremely high. Try and see what hspoens.
I have limited income, not the greatest credit score, but have special family circumstances that make owning our own more logical. How do I find out if I qualify? We rent currently but are squeezed in a 600sq ft apt and with my kids' issues its making things worse for them. What do i do?
With a usda loan does my husband have to be on the application too? Due to him having a house that was foreclosed less than 3 years ago I dont think we will be qualified applying together.
No, he does not. However, any income he generates will be included into the total household income for eligibility purposes, but not loan qualifying.
Usda Mortgage Hub wow, okay. Thanks.
Is criminal history a qualifying/disqualifying factor??