• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Gainesville FL Real Estate & Homes

Gainesville Real Estate Talk

MENUMENU
  • Home
  • Search
        • Basic Search
          • Advanced Search
          • Vacant Land For Sale
          • Map Search
        • Condominiums
          • Luxury Home Search
          • Gated Communities
          • Homes with Pools
          • Community Pool Neighborhoods
        • SW Gainesville Homes
          • NW Gainesville East of I-75
          • NW Gainesville West of I-75
          • NE Gainesville Homes
  • Buyers
        • Home Buyers Process
        • Luxury Homes
        • What’s Your Wish List?
        • Mortgage Calculator
  • Sellers
    • Free Market Analysis
    • Our Listings
    • Our Marketing Plan
    • What’s My Gainesville Home Worth
    • Preparing Your Home for Sale
  • Communities
        • SW Gainesville Homes
          • NW Gainesville-E-I-75
          • NW Gainesville-W-I-75
          • NE Gainesville Homes
          • SE Gainesville Homes
        • Alachua
          • Archer
          • High Springs
          • Jonesville
          • Micanopy
          • Newberry
        • Haile Plantation
          • Town of Tioga
          • 55+ Communities
          • Condominiums
          • Gated Communities
  • Resources
        • Home Service Providers
          • Local Photo Gallery
          • Relocate
        • Government
          • Utilities
          • Hospitals
          • Local Schools
  • About Us
    • Testimonials
    • Our Listings
  • Blog
  • Market Reports
  • Contact Us

Thinking About Getting a USDA Loan?

April 11, 2023 by Chris Bohn

Thinking About Getting a USDA LoanAre you thinking about getting a USDA loan?  If so, make sure you ask your lender these questions!  It is very important to do your due diligence and talk to a variety of lenders to make sure you not only understand the process, but also get the best deal on your loan.

But what, exactly, do you need to ask those lenders?

A recent article from realtor.com outlined key questions to ask lenders when inquiring about USDA loans, including:

  • Does your company offer USDA loans — and if so, do you underwrite these types of loans regularly? Not all lenders offer USDA loans, so the first question you want to ask any potential lender is if getting a USDA loan through their company is even an option. If it is, you’ll also want to ask about how often they underwrite USDA loans; USDA loans have a specific set of guidelines and procedures, so working with a lender that knows the ins and outs of the process can help to make sure you get the most out of the program.
  • What’s the income limit for USDA loans in my area? USDA loans have an income limit which varies based upon location. Make sure to ask your lender for the income limit on your target area so you can confirm that you fall within those limits and can qualify for a loan.
  • What terms are you offering? While income limits for USDA loans will stay the same, the terms different lenders offer — including interest rate and loan processing time — can vary. Make sure to ask about each lender’s terms; that way, you can compare and go with the lender with the most competitive offer.

Take Away

Contact us for more information about the local lenders in Alachua County, FL.  If you are thinking about getting a USDA loan, let’s talk about important factors. Once you’re prequalified for USDA, let’s get to work finding you a home!

Filed Under: Home Buyers Tagged With: gainesville home buyers, home buyers, USDA Loans

Footer

RE/MAX Professionals

The Bohn Team

Christine Bohn, Broker Associate

Michael Bohn, Sales Associate

4011 NW 43rd Street, Suite C
Gainesville, FL 32606


Find Out More About Us

 

Popular Searches

Gainesville Luxury Homes

Gated Communities in Gainesville

Pool Homes in Gainesville

Jonesville-Newberry-Homes for Sale

Gainesville Condos & Townhomes

Haile Plantation Community

Community Pool Neighborhoods

Connect With Us

Copyright © 2023 · Agent Focused Pro by Winning Agent · Log in