I did this loan 2 years ago after following you and Shahedda Hill on this platform. You made it so easy! Continue to bless us with this knowledge!

I just wanted to say that usda does limit the location of where you purchase. It’s mainly for rural areas. Usda guaranteed is for median low income and usda direct is for very low income. I had to do research on my own on the differences because the loan officers acted like they didn’t know what I was talking about. We kept getting denied but realized, the officers gave us the application for the very low income and we of course overqualified for that. I did some digging and finally told them they were wrong and went elsewhere. Our lender we have now didn’t know either but we have our pre approval amount a few weeks ago. =]

I used a local bank to get a USDA Guaranteed loan last summer before rates started creeping up. It's an easy process similar to a conventional loan as long as you have done a little research and have all docs and anything a lender will typically need ready for them when you start the process. Closing was extended out to closer to 45 days, but that is because at the time USDA was backed up and they have their own approval on top of the bank that they have to do. When it was all said and done, at closing it cost me about $3800 for closing cost and then the loan was transferred to US Bank.

Thank you for helping it’s rare finding someone that is willing to help others like yourself

I brought my home with USDA 6yrs ago and recommend this if you can do it. Good to see awareness for this as alot of people don't know about these loans 👍🏾

I've payed rent on home 9 years now its time learning alot thanks for knowledge

I want to tell you "Thank You" for your clear, concise and accurate videos and constantly encouraging us to stay focused and not give up. I closed today!!!! I appreciate you 🙌💕

You're incredibly thorough and I appreciate the time and effort put in to this presentation. Thank you so much!

Wow! This just blew my mind! I'm a home owner already, however I've been teach my young adult children about home ownership and credit since they were teens. I can’t wait to teach them about this type of loan. You're an amazing teacher! Thanks!

I very much value that you start your videos sharing what information you are going to deliver. No fluffy intro with cool editing, I'm not really wanting that video style when I'm watching RE or personal finance videos. Thanks, Kyle!

I'm just starting to learn about this type of loan. Of all the videos I've watched, this one is by far the most clear and informative. Thank you for the knowledge!

This is awesome! Love the part where you say, beware of loan officers that try to steer you to other programs! I literally just told somebody to look at FHA because I had no idea this existed. So that person sent this video to me! I’m so glad they did! I’m going to send this video to a lot of people! 😂

Yes I have really like your podcasts! You always give good info that can be use now or near future. It helps so much so when you talk to bank, mortgages broker and realtor, you can talk with confidence and speak their language!!!!!

Just sitting here thinking that you're clear, concise and I'm learning lots of new info (to me anyway) thank you !

I've learned so much from watching your videos. Thansk so much for sharing and creating this content for us future home 🏡 buyers. These tools are beyond helpful . Im such a proud subscriber.

I truly appreciate how well versed you are in knowledge of USDA loans!

THANK YOU , THANK YOU, THANK YOU. I would keep going, but you get the point. Your video has been a life saver. I am currently looking to purchase and had not considered the USDA loans. I have halted my search to see if and what i qualify for. Considering i am looking for a rural homestead, this may be right up my alley. I will also consider a FHA as i am willing to put some money down, to bring down the monthly and interest of the life of the loan. I will be reaching out to the links in the description. You are truly a blessing and appreciated.

I learned so much from you 😁 thank you. So pleasant to listen to... Don't change a thing about how you do these videos... except you can hire me to check for spelling errors 😊

Love the stash, I've been watching your videos for the past few months and all tips aside, I must say your voice makes me feel like I can accomplish anything as long as you're there to guide me. lol.

Ours was 620 score. your debt ratio & income impact how much house you can buy. We put 5% down. Fixed 4.5% interest. We did FHA in rural area. Is this the same as USDA? Our extra insurance stuff is $345 plus our house loan payment. Outside all this get the home appliance insurance. It saved us when our outside unit went to crap. We use" first American home warranty ". $1800 to fix but we paid $465. Trust every so often something will break & your responsible for fixing it. It's also a good idea to save $1000 for home repairs.

Thanks for this info! I've been looking for options to buy my first home and I'm really excited

Your videos are extremely helpful and informative!! Top to bottom full of detailed info! THANKS!

Thanks for spreading knowledge, new subscriber here. I like the layout , no music , straight to the point

Id love a video on one time close USDA loans. Im ready to be in the country with some scenery

An ad for this type of loan came up in my social media, and then this video. Seriously considering this type of loan because I want to live in a rural area anyways

Great video! I just submitted my prequal application for the direct loan. Would love a video on the actual step by step timeline from prequal to application to closing. Thank you.

Thank you for sharing this content because I have been looking for home

I found a house I'd like to buy. I checked the map and it's literally 50 feet outside of the boundary that wouldn't allow me to qualify. But by the time I start talking to a realtor, the house will be under contract. They're going "Contingent" and "Pending" within days, sometimes within hours, of being listed.

Thank you so much for the video I am about to close next month with the USDA hopefully they approve

I had one of these, couldn't find a home in my price range that could pass the extensive inspection that is required. That's 500 bucks every time it happens out of pocket. Additionally the extremely competitive atmosphere here made it almost impossible to take advantage of the loan. Time limits run out and you have to repeat the process.

Thank you for making this information so accessible! Important to be educated buyers and sellers.

Love the new look lol and thank you for this info I’ve been doing much research to purchase a house and your vids have been great help

You would think that the USDA would be more open to construction loans being that the loan is for rural areas. I always thought that “rural”meant more agriculture land than housing.

Super informative and helpful! I’m in Washington. My family of 4 would love to receive this loan to finally become homeowners ❤❤❤

Thanks so much for this information. This answered so many questions I had about a USDA loan.

I hope you see this, first off this is BY FAR the best and most thoroughly explained video on this subject I have seen. So thank you for that. Second, if you are in a Union and you take money out of your annuity fund to help with your closing costs do you need to have it in your bank account to “season” before you can go for the home buying process? Do they (the underwriter) look at this negatively?

Can you explain USDA loans when building a home? Would someone who is building a home have to pay on the loan while the home is being built? And…what about land? Would you have to pay on the loan for land during a build? Thank you.

There are still certain zip codes adjacent to big cities like Phoenix and actually with Phoenix zip codes.

Genuinely surprised how much of MA is USDA eligible 🤔. I always assumed it was only for farm land. Great breakdown as always

Your video was very informative and helpful thank you!! There was a lot I never knew about USDA loan until the break down of your video. We are in the process of being homeowners and the loan is an USDA that we are getting.

Thank you for this informative video! My wife and I are currently looking for land on which we hope to build a home. You mentioned that a USDA Guaranteed Loan cannot be used for "income producing land." Does that mean that at the time of purchase the land cannot be income-producing, but that after you've purchased the land you can begin to use it for agriculture? Or does that mean that the land can *never* be used for agricultural purposes?

Great stuff!👍 Appreciate the break down!

I’m sure I’ve asked already but can you do an updated video on the USDA loan and process of using it.

Good video and info...we are wanting to go rural so this is great info for our situation !!

Do One on VA Loans Please!

Thank you for all this great information

Zero down is different from closing costs correct? I’m trying to get out of paying closing costs. Been difficult.

Great data points, I listened in its entirety but half way in I looked up and started looking at the vid and noticed that perfect hair lol. Thanks again for the info I definitely shared with a few ppl.

Thank you for the great information. Have a great day

Excellent tutorial 💯

Potential FTHB here… Can I purchase a single-family property as my primary, live in one room and rent out another bedroom? I don’t want to sell the property anytime soon after buying; just would like to find ways to lessen my mortgage at times.

If anyone can answer this question I’d appreciate it. If my client has recent delinquencies on their credit cards would that be an issue to qualify for this particular loan?

With good credit, no debt, only income is SS. As an elderly, disabled senior, I´ve been informed by local USDA office that my income in not sufficient for loan. So I must remain in an unsafe environment. When I moved into my present apartment i was not as disabled. Now I require more safety issues. Two-three year waiting list for senior housing, etc.

Great information in this video. Thank you for sharing:)

I attempted to do this and they told me that because I had a collection on my credit history for a previous apartment complex that I broke the lease on that I was not eligible. They basically told me that I would have to clean up my credit first before they could help me per the realtor who tried to get the USDA for me. She said that I was speaking without cleaning up the collections I couldn't get approved

This video is incredible

Great content! I would love to work with you and your reference. I'm based in Ohio also and have a couple of questions about purchasing in a rural area. 1. Is house hacking Frowned upon? 2. How many parcels can be on the property? Does the up to 4 units still apply here? Will it be listed as residential or in a different category? 3. I would like to buy 1-4 acres and build homes later in the future. Is it allowed? Or even put tiny houses on my land. This is amazing. I had no idea about this loan. I had a conventional loan but didn't know about this one.

Great information..liking the mustache

With inflation and housing prices we are all low income borrowers lol. I sold my house in 2016 for 200k, the next owner treated it like poop. They tore down that building and now JUST the land is for sale for $1,800,000 dollars! That is a 800% prices increase. A increase of one million six hundred thousand. I will buy my land back once the price falls if i didn't have to relocate for the military i'd still own it. This is in Tampa Florida.

Will you be doing a video about the direct loan ?

You just got a new subscriber 😍😍😍

Thanks for the great info. much much easier

I needed this information and thanks

Can I tear down the existing building and build a new house with this loan? Or would I have to refinance to a different loan?

Do you know anything about the NACA program? I spoke with a HUD counselor and when I mentioned going with a USDA loan they said the NACA program was better because they work with conventional loans.

Thanks for your videos.

Your the best sir!! thank you

Thank you for this information.

I've been trying g for two years now to buy. Trinity morgage has been making me jump through so many hoops. Last year they told me I was a shoe in. This year they are saying I need to make more money. But if my income comes up in 2022 it can only go up 20% which doesn't raise me up enough. But I could ammend my 2021taxes pay all the fees etc then raise my 2022 just 20% So at this point I keep seeing this stuff and I just feel totally frustrated.

Once you’ve been approved for the loan and moved into the house, can your income then go up past the approval rating?

Do you have any information on construction loans thinking of building from ground up

So can you or someone tell me if you can use USDA and a Down payment Assisting Program at the same time?

Hi, I loved your video, but did not see anything about income requirements only proof of funds. Would that mean you only have to provide bank statements? Do you have to show two years of income/ tax filing etc?

What's the average mortgage interest rate for USDA loans? Average APY?

Can you tell the process if you own a house already? Thank you

How do we find lenders who can do USDA for something like a 2br/1ba around the $60k mark. I live in a USDA rural zone and median household income is around $35k. Most lenders either don’t want to or “can’t” work with homes under $100k. What to do?

What mic are up using? You sound great

Can this loan be used for buying a new manufactured home AND land??

Are you gonna be the one looking for the place? Any listings suggested?

Ok, so my wife and I combined make over the allowed income limit. What if I go through with the process and she just “moves in with her parents for a year” is this a loop hole? It can’t be that easy, is it?

I remember when everyone said this crash is different loaning requirements are stronger... Then I get recommended videos like this. It might be different, but it sure rhymes.

Gosh you are so cute and I love your voice. Also your information that you give is amazing. I’m active duty Army. Can you please do a video on VA loans. Thanks! 😊

Thank you!!❤

Of course - low-income borrowers will jump at the chance; make a year's worth of payments and fail, and they will lose those payments plus the house. They are basically placeholders. Do you really believe the banks are offering this deal out of kindness? You must ask yourself what is in it for them?

Best part is you can only get a place out side of the cities and nothing beats being way out in the sticks in the middle of no where and enjoy the 1-2hr drive back and forth to work

I'm working on my credit score now and looking forward to bouncing back to my original 720 next year or earlier along side some saved funds!. I've been receiving SSDI from social security for about 14yrs so will this non taxable income qualify as an income for USDA loans programs proof of income?. I also have a disabled daughter who is turning 13yrs this year and a son who doesn't have disability but will be turning 15yrs this year also. I look forward to your response soon!. Great narrative 👏 of this pertinent topic for home ownership ❤. I don't have student loans or credit card debt. I will definitely have rent and utilities debt so kindly let me know if SSDI and my scenario depicted above allow me to apply for USDA loans in my rural area of choice?.

Hi!, Looking at 31:00 I understand the income requirements however I'm curious if you can have an increase in salary that puts you over the threshold after (example: 6 months after) you have closed on a home using a USDA loan?

Which loan would be the best for first time home buyer? FHA, Conventional or USDA? Thank you!

Thank you so much!

It’s so weird because my fiancé is approved for this but it’s such a small amount that he can’t get a house the lender is saying it’s because of the rates it just doesn’t make sense at all really since he has. I real debt and makes pretty good money two years ago he wasn’t making as much and was approved for almost the same amount it’s very weird

If I understand correctly, you can't raise and sell animals from your land?

I am interested in a USDA loan, don't plan on renting the house out but I do plan on renting rooms out. Would this qualify?

My mom recently passed away and in the will it said I was to assume the mortgage for the remaining balance and the mortgage company told me I cannot assume the loan I would have to refinance I wonder why. I need guidance or someone to talk to I'm at a loss. I've lived with my mother for the last 9 years

Would it be possible to be accepted for this type of loan if I had to have a cosigner as I've been injured last few years (not to mention virus outbreak) and have been unable to rejoin workforce. Credit is 750+ and have minimal debt.

Hello I have two questions that I don’t understand,1 how does one get connected to a reliable person, who is knowledgeable in USDA loans? And second I live in Los Angeles I only qualify for about a $200,000 loan and there are no $200,000 homes even in the most ruralest areas does that mean I’m outta luck?

🙋‍♂️I got a question if you win a lawsuit do you still qualify for the 0 down payment or you gotta for conventional?

Thank You 🙏

Great content and thank you for sharing this information.

I’m looking to buy a home in Kentucky. I am a first time homebuyers. I live in Michigan. But I was told that you need 20% down. The cost of the home is between $189,000 and $200,000. My credit score is in the 696. Any advice

What about the work history??