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ARCHIVED BLOG POSTS
USDA Loans vs FHA Loans (Updated for new guidelines starting 10/2011) As you may have heard there will be USDA loan monthly mortgage insurance as of October 1, 2011 and in April of this year FHA changed its up front MIP and monthly mortgage insurance. Lets compare FHA loans vs USDA loans and see ...
Its true USDA loans will soon have monthly mortgage insurance Its not all bad news depending on how you look at it. The first thing to be aware of is that if you receive your guarantee from USDA after October 1st, your payment will be higher. This is important for a few reasons. First if you were...
There are updated Rural Development loan income limits for the state of Maryland pertaining to USDA Rural Development loans. This refers to the maximum amount of money a household can make at the time of application. As an example lets say that John and Susan apply for a rural development loan in...