USDA Eligibility Map Plano TX | USDA Loan Info | (888) 464-8732

What are the requirements for the USDA program in Plano? 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 Plano.


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


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


So because your down payment for a USDA Loan in Plano 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.

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What is a USDA Home Loan?

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



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What are the requirements for the USDA program?




no closing cost refinance

So, Typically what that means is.



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

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

Then it also has some home price limitations.

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

If the seller is covering all the fees.



What type of home buyer is this program ideal for?


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


USDA Loan Plano – Do You Pre-Qualify?

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Hi, Katie the Mortgage Lady with Total Mortgage.

A lot of my borrowers ask me why they should pick me as their loan officer, and it's really so much more than just me doing their mortgage, it's a relationship.

It's earning their trust.

I'm going to be there from start to finish to make sure that they do get to the end of the process and purchase their home.

So if you know someone that needs my help, have them go to www.



CalHFA's Lender Training: FHA First Mortgage Products

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The human head weighs eight pounds.

I'm Dan on your inside team at Growella.

And, this is today's Mortgage Minute-and-a-Half.

You can't judge a book by its cover.

Well, sometimes you can.

But you definitely can't judge a real estatereport by its headline.

Especially in the case of this month's HousingStarts report from the U.


Department of Housing and Urban Development.

The report measures the number of times builders"broke ground" on new properties over the past 30 days and the most recent Housing Startsreport shows a overall slowdown in the number of starts nationwide.

And, that's what the news is reporting.

"Housing Starts Fall More Than Expected","U.


February Housing Starts Fall Seven Percent", "Housing Starts Tumble".

And if you only got your news from the headlines,I'd forgive you for thinking that housing was down.

But, it's not.

These headlines, they're misleading becausethey lumping a whole bunch of government data into a single, combined figure that's notmuch help to everyday home buyers like me and you.

The reason Housing Starts is down? Because of a drop-off in data linked to apartmentbuildings with five or more units.

And, that's not what people like us buy.

We buy single-family homes and condos andother detached properties and the data on homes like these is strong.

Like, the strongest in ten years strong, finallyapproaching pre-recession levels.

Although you wouldn't know it from the headlineswhich are out there throwing doom.

Which is one more reason to surround yourselfwith professionals.

A skilled REALTOR or loan officer can helpyou make sense the market, to make a better choice.

Why you mad? Fix ya face.

Because mortgage rates are dropping todayand that's good news if you went to contract on a house this past week.

Mortgage rates for conforming, FHA, jumbo,VA and USDA loans are down as compared to Friday, but the amount they've dropped willdepend on where you get your rate.

Mortgage lenders use different pricing modelswhich respond differently to changes in the mortgage-backed market, which means that thelender that was best priced before the weekend may not be the one that's best-priced afterit.

This is one of the reasons why it's smartto shop around when you're looking for a mortgage.

Get quotes from two or more lenders to makesure you're getting a great price.

Thanks for the memories, mortgage rates.

Even though they weren't so great.

Because mortgage rates today are rising andthat's bad news if you went to contract on a house this past week.

Mortgage rates for conforming, FHA, jumbo,VA and USDA loans are higher as compared to Friday, and up about a half-point since theNew Year.

But the specific rate you can get today willdepend on your choice in lenders.

Mortgage lenders use different pricing modelswhich respond differently to changes in the mortgage-backed market, which means that thelender that was best price before the weekend may not be the one that's best-priced afterit.


Get quotes from two or more lenders to makesure you're getting a good price.



homeowners are refinancing different,according to Freddie Mac's most recent Quarterly Refinance Report which shows that of all therefinancing households that started with a thirty-year fixed rate loan, twenty-nine percentof them abandoned their thirty year and switched into a fifteen.

It's the highest percentage of homeownersmoving from a thirty to a fifteen-year fixed in more than a decade.

So, why are homeowners switching into 15-yearloans? Among other reasons, fifteen-year mortgagespreserve wealth.

At today's rates, over the life of your loan,you're going to pay thirty-seven percent less interest to your lender with a fifteen ascompared to a thirty and, on a three-hundred thousand dollar loan, that keeps an extraone hundred forty seven thousand dollars in your pocket.

That's money not spent and it can be usedfor whatever you want -- to pay for college, to buy a second home for your retirement,to invest in whatever it is that interests you.

Use it for whatever you want.

It's a lot of money and it's the upside ofpaying off your loan fifteen years faster.

Talk to your mortgage lender about your fifteen-yearhome loan options and see if a shortened up loan term can be right for your long-termplans.

Growella does mortgage news three times weeklyand we go live each Thursday at Noon Eastern, 11 Central.

So, put a like on it, leave a comment, andremember that mountains aren't just mountains.

They're hill areas.

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