FHA Loans vs USDA Loans (2021) - Which Is Better For You?

What's the difference between an FHA loan and a USDA loan? We'll break down all of the aspects so you can choose the best mortgage to buy your home.
FHA Loan Limits: entp.hud.gov/i...
USDA Property Limits: eligibility.sc...
USDA Income Limit Quiz: eligibility.sc...
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0:00 What you'll learn
0:35 Overview
2:48 Credit score requirements
4:14 Rates
5:16 Sponsor
5:55 Credit events
7:06 Debt-to-income ratios
8:21 Loan limits
8:52 Down payment and closing costs
10:41 Seller credits
11:09 Special requirements/features
16:00 Appraisal
17:23 Mortgage insurance
19:25 Seller perception
21:12 Monthly cost comparison
22:40 Total cost comparison
24:08 What I would choose
24:30 FHA vs Conventional
LEGAL:
As an Amazon Associate, I earn a commission from qualifying purchases.
*Advertisement from Credible Operations, Inc. NMLS 1681276, not available in all states. Visit www.credible.c... for important information about Credible’s licenses.
Credible pays Win The House You Love an advertising fee when you submit a pre-qualification request.
Kyle Seagraves
NMLS# 1701021
Motto Mortgage Alliance
8900 N. Dixie Dr.
Dayton, OH 45414
Equal Housing Opportunity

[@amandajones888]

Took your advise on this and went for a place a little outside the main suburbs. Just put in an offer for a place with a usda loan. The loan officer was able to pre-approve us for 2.25% interest, 0 down and lower monthly pymnt. I'm so excited. Can't wait to hear back! 😊 thanks for the info!!

[@WinTheHouseYouLove]

Incredible!!

[@dbigwehable]

That's awesome, was your credit in the 600 if you don't mind

[@Weatheredstorms1]

So happy for you!

[@amandajones888]

@@dbigwehable one of my credit scores was 695 the other 2 were 720 and 740. So they went off of the 720.

[@amandajones888]

Update. Lender dropped the ball and didn't send the app to usda until yesterday. Supposed to close on the 4th. Kinda freaking out about it closing on time. 😫

[@skywalker5964]

I went with usda on a new house built . 2.7 interest no down payment my builder payed the closing cost and they cut me a check at closing . The only thing got put into the loan was the usda program which was like 1k People who I know that went with fha they end with a higher interest rate and owe money at closing

[@WinTheHouseYouLove]

Great work! Thanks for sharing!

[@Dominicano809]

Wow congratulations. Can you share what state this was in and how did you find your loan officer, were you satisfied with the process?

[@skywalker5964]

@@Dominicano809 Texas , the builder I got lennar recommended my loan officer. Only negative thing is the wait for the commitment letter which is the last step of the closing process

[@tomsmk3]

@SKYWALKER: HOW WAS THAT WHOLE USDA PROCESS??????

[@tomsmk3]

I'm thinking about going that route on a modular build!!!!!

[@-_.Nameyourcatdog._-]

Seriously your great at explaining you should be a teacher. Thank you for your advice

[@WinTheHouseYouLove]

Thanks! I’m a teacher on this channel :)

[@-_.Nameyourcatdog._-]

Yes your are lol. Didn’t think that one through completely. Sorry. Have an amazing day!!

[@WinTheHouseYouLove]

Which do you think is better for you?

[@steevthetech]

Sweet or spicy? Prolly sweet lol

[@AmandaRedmond919]

USDA. Looking to escape the city and move back to my (very rural) hometown.

[@annab.r.7748]

I was calculating today how long would it take me to save my 3.5% + closing cost and I would love to move before May but the calculator said I had more months :( then I found this video and got excited for USDA it fits me so much more than FHA and I never heard of it until today. Not only cute and informative you have a calm easy tone which made it easy to watch this. Much Appreciated Thank you

[@sironeil-personalfinancere9367]

I Love the FHA loan. I used it to purchase my first property property (house hacking) in Brooklyn. I even created my KZbin channel to document the journey. Thanks for the gem Kyle!

[@WinTheHouseYouLove]

Thanks for sharing!

[@That_Cyber_Dude]

HECK YA!!!! WELL PLAYED SIR O'NEIL!!!!! IM LOOKING TO DOCUMENT MY JOURNEY AS WELL!!!

[@sironeil-personalfinancere9367]

@@That_Cyber_Dude thanks man! Awesome! Looking forward to checking out your journey 😊

[@JimMorrisen84]

Great Information. Thank you very much for your dedication and compromise to the public for communicating things clear and factual.

[@WinTheHouseYouLove]

Thanks so much, I'm glad to help!

[@DanielDaniel1]

Very informative. I live in a highly competitive housing market and am being pushed out to more rural areas as a 1st time home shopper which unlocks the ability to use the USDA. Makes for a very exciting prospect of owning a house which I never thought possible

[@WinTheHouseYouLove]

Thanks for watching!

[@ultrapink7900]

Hello "sweet and spicy people LOL I like that one

[@WinTheHouseYouLove]

Hahah

[@BBond88]

Literally spit water all over my rower 🤣 funny and unexpected love it

[@shaquanavincent3374]

Yess

[@avaava3031]

Such a ease the way your present "flat" yet valuable materials. Gifted educator and presenter! Thank you once again. Is Credible your business?

[@WinTheHouseYouLove]

Thank you so much for watching!! :) Credible is a sponsor of the channel

[@phyllisgovia4253]

Thank you so much! I learned more on this video than any other I have viewed!

[@WinTheHouseYouLove]

I'm happy that you learned something. Thanks for watching. :)

[@karcampbell58]

Thank you kyle for this Fantastic information, Just what i was looking for. Im a health professional whose currently building my credit, and Im looking to purchase hopefully USDA first time 2021, but yea sure, id take FHA.I loved your HUD video as well.

[@WinTheHouseYouLove]

I'm so glad to hear! Thanks for watching!!

[@Truth3544]

I feel so hopeful now that I will but my dream home soon. I’m so happy your channel popped up on my KZbin feed. I understand so much better about different types of home mortgage loan now. You should teach real estate courses :-). Thank you for being so thorough and informative.

[@WinTheHouseYouLove]

You can do it! Best of luck!

[@honey.badger]

Very informative comparison! Thank you! I think I qualify for usda direct but my gripe with it is the many restrictions regarding mandatory reporting of changes in household income and no income producing activity allowed. If ever i'm in a dire situation i'd like to house hack and rent rooms out or airbnb. That would be a last resort to prevent defaulting on the mortage. I'd also like the freedom to add an adu. If someone on a usda loan becomes disabled and can't work anymore, what can they do quickly come up with payments to not default? This is why i'm leaning towards fha. It may not be as cost efficient as usda but at least there's less rules on your life and more flexibility to overcompensate for down situations bc life is unpredictable.

[@chinokhalifa5537]

Just turned 20 3 accounts open and 740 score never late payments. You are god sent from haven Kyle. Thank you so much will definitely look into an fha loan in the Chicago area!

[@WinTheHouseYouLove]

Awesome, keep up the good work!! That credit score will help you a ton! With a 700+ credit score, Conventional is probably your best choice. You'll be able to do 3% as a minimum down payment as a first-time buyer.

[@chinokhalifa5537]

Win The House You Love I didn’t know that, I thought maybe minimum was going to be at least 15% and since I’m first time buyer. I saw your other video about FHA loan and the best strategy to use with that I would refinance to a conventional loan after say 3-6 months. Would you recommend this strategy? Or should my best bet be go straight to conventional? I appreciate your response!

[@WinTheHouseYouLove]

@@chinokhalifa5537 You'll probably do better by going straight conventional

[@NYCAppl3]

This was an excellent analysis! I watched your USDA video yesterday and I found it to be very easy to understand and easy to follow because of how you organized and presented the information. Bonus points for having a voice and overall spirit that is really humble and calming which makes it easy to digest the heart of the message. Thanks for sharing your knowledge and expertise. It's so insightful especially to a lay person 😊

[@camacdav000]

Mannnn. I just found your channel. & love the way you break things down! Everything you say. I can understand! You are great at this!!🙌🏽🙌🏽

[@WinTheHouseYouLove]

Thank you!!

[@veronicaanaya5921]

Omg..... could listen to your voice all day! Btw, great info thank you so much for explaining the difference between these two loans.

[@WinTheHouseYouLove]

Thank you so much for watching!! :)

[@jaclynhaynes4131]

This is the video I needed! I have been wondering this since I found out about USDA from you! Could you do a conventional vs USDA?

[@WinTheHouseYouLove]

Great! I'll add it to my video list :)

[@ThePathOfLeastResistanc]

I was approved for 130k with fha, usda I got approved for the 502 direct with a subsidy and 195k. My interest is 1% fixed with no mortgage insurance

[@WinTheHouseYouLove]

Best of luck! I hope you get that home soon. :)

[@MaroArmoni]

Love this channel 😍 So glad I found it, extremely informative. Plus your voice is very soothing and easy on the ears 🙏

[@WinTheHouseYouLove]

Thank you! I hope you can catch up and check out my recent videos. :)

[@PhiferCooksJR1]

Thank you sooooo much. I learned so much. I will be watching your other videos as well.

[@WinTheHouseYouLove]

Thank you so much for watching!! :)

[@Second-gear]

Really great information. Thank You very much!

[@WinTheHouseYouLove]

You're very welcome!

[@003Rojeda]

Appreciate the Video.. thank you! Very informative. Can you make a video purchasing raw land to build with a USDA loan.. Thats what I'm currently trying to do.

[@WinTheHouseYouLove]

Thanks! Great suggestion!! I've been hearing more and more about them recently, so I will add it to my video ideas list :)

[@ashleigh2905]

Flawless video! Thank you! Keep up the awesome work.

[@WinTheHouseYouLove]

Thank you! Will do!

[@Tosh.Oh77]

This is exactly what I needed! Thanks.

[@WinTheHouseYouLove]

Thank you so much for watching!! :)

[@-------------------DD]

Great info, organized and clear. Thank you!

[@WinTheHouseYouLove]

Glad it was helpful! You're welcome! :)

[@joneslt]

This is gold! excellent information, thoroughly explained. Thank you!

[@WinTheHouseYouLove]

Thank you so much!

[@karlanunez6779]

For USDA, what are the requirements for continuous employment? I was unemployed for 4 months due to covid but have been employed for the last 5 months.

[@WinTheHouseYouLove]

That gap is perfectly ok, you'll be fine :)

[@generationsixpack1698]

Lol his intro made me subscribe,.. his voice is so soothing and u cute asf!🤤.. thanks for all the info im the process of maybe buying for the first time 🏡🤩🤪🙌👍

[@WinTheHouseYouLove]

Thanks for subbing!

[@LoanWithJen]

Such a great explanation!!

[@WinTheHouseYouLove]

Glad you think so!

[@SheIsLove741]

Awesome Info 👌🏽 Thank you...

[@WinTheHouseYouLove]

Glad it was helpful!

[@qmccall0328]

How does USDA treat Student Loans for DTI? Same as FHA? Most single ( and low-income married couples) people should be able to go USDA even with low six-figure income depending on area- especially if they want to live in an area that works.

[@WinTheHouseYouLove]

USDA will use 0.5% and FHA will use 1% of the balance as a monthly payment for the DTI.

[@qmccall0328]

@@WinTheHouseYouLove Thank you!

[@AIex124]

@@WinTheHouseYouLove would you know by chance if .5% is still accurate for student loans for USDA in 2022?

[@LOLZHAHANOTFUNNY]

@@AIex124 I used a USDA product in 2019 to buy my home, at the time that was accurate. My best advice would be to get on income based or hardship status with your student loans and see if that makes your payment lower than the .5% of the balance. That was what my lender used, my lower income based repayment payment.

[@missbttrsctch]

Wow, thank you for this very thorough information!

[@WinTheHouseYouLove]

Glad it was helpful! Thanks for watching.

[@SirenOffspring]

The hair! Very nice!

[@AngelPerez-mf1qp]

Thank you for the knowledge. Very great videos and I can sense your passion ! Question for you: Do you have to refinance if your home is worth more than 20% of the value based on ordering a new appraisal. Can we avoid paying closing costs again with an appraisal waiver? The lender/bank we have now is giving js the run around…. My girlfriend put 3% down on a conv loan. We bought the home at 203,500 and now it’s worth over 265k less than one year later based on comparables that sold literally in the same community that were smaller and less upgrades. Literally over 10 homes sold on the same and nearby streets for 60k higher on average recently

[@asinatefifita3016]

Thank you for always coming thru!!🤗

[@WinTheHouseYouLove]

Thank you so much for watching!! :)

[@shonyross410]

This video is EVERYTHING!!! Ty so much!

[@WinTheHouseYouLove]

Thank you so much for watching!! :)

[@iamagrownman4192]

Wildly helpful, thanks!!!

[@WinTheHouseYouLove]

Glad it was helpful!

[@klbirchard]

Could you do a video explaining the USDA Direct Loan vs the Guaranteed Loan?

[@WinTheHouseYouLove]

I'll add it to my list :)

[@vipcesh]

If you qualify for direct it’s a much cheaper loan

[@LaTersaDenise]

Hey just found your channel already subscribed. What is the income level for the usda loan cause that’s looking like the better option for me.

[@WinTheHouseYouLove]

Check the income link in the description :)

[@april_maybee102]

I've learned so much from your videos. Thanks so much and I must say, you sound like you could do some voice-over work.. lol Awesome side job maybe.. ehh

[@WinTheHouseYouLove]

Haha thanks!

[@ak4939]

The USDA household income cutoff for a family of 4 people is too low. So with 2 earning members, the household income could quickly overshoot the income limit. I wanted USDA, but the income cutoff has literally shut me out.

[@sherribooker1507]

Great info thanks for sharing.

[@WinTheHouseYouLove]

Thanks for watching!

[@24ryder4]

Thank you, very informative!! I was leaning towards conventional, but USDA sounds more tempting when it comes to saving money as a first-time homebuyer. For new constructions, would the builder frown upon those with USDA loan approvals? Or do they have better deals using their own “go-to” lenders?

[@WinTheHouseYouLove]

I'm glad it was helpful! I wouldn't think they would, it shouldn't affect their process at all since it's new construction. The builder's preferred lender should be able to approve you with a USDA loan, you don't have to go directly through USDA.

[@davidaharonyaakov5706]

You rock! Thank you!

[@WinTheHouseYouLove]

You rock!

[@kyliedugan7269]

Thank you so much for this video

[@WinTheHouseYouLove]

My pleasure!

[@pam5389]

Hi awesome video I'm only halfway through but wanted to ask you a question. When applying for a loan and the credit check is done if you have anything in collections for medical reasons does that affect your chances of being approved? Thank you so much for your help 😊

[@WinTheHouseYouLove]

Medical collections won't affect you

[@cormargonz]

The pmi was much less with usda which is what I went with

[@cormargonz]

I had 810 score but no down payment

[@WinTheHouseYouLove]

The mortgage insurance is definitely the winner on USDA

[@cormargonz]

@@WinTheHouseYouLove yes definitely

[@lauriekepaa8464]

Very good information thank you

[@WinTheHouseYouLove]

So nice of you. Thank you!

[@joseayala7207]

That intro was wild yo, do you my guy

[@WinTheHouseYouLove]

Sweet and spicy!!! Thanks for watching!

[@angelawilliams7548]

Learning so much from you.

[@WinTheHouseYouLove]

Awesome! Thanks for watching. :)

[@am8115]

Do you have a video where you talk about the best loan for construction or rehabbing a house?

[@WinTheHouseYouLove]

I have a video on 203ks, but that's it right now: kzbin.info/www/bejne/povJc4CErtqsgrM

[@celesejones7243]

I have been considering a USDA loan for an upcoming purchase. Does the income requirement only apply at the time of purchase/closing or will they determine that I no longer qualify and make adjustments should my income exceed the max in the future during an existing loan period?

[@WinTheHouseYouLove]

Only at the time of purchase :)

[@Machenziethemodel]

I love this information. Thank you. We have a few home builders here in Texas that work with USDA. I also just found out that you have can a USDA and FHA Loan. Have you work with NACA?

[@WinTheHouseYouLove]

You're welcome! I'm not super familiar with NACA

[@TC-en7vi]

Do you have a video on Single Family Housing Direct Loan? Thanks for this one!!!

[@WinTheHouseYouLove]

I don’t at the moment. Thanks for watching!

[@denisenunez2630]

Thank you 🙏

[@WinTheHouseYouLove]

You’re welcome 😊

[@lovelyyayo]

Thanks for the information! Can you do an FHA loan vs NACA program.

[@WinTheHouseYouLove]

I'll add it to my list

[@aj89lovebrown46]

Thank you

[@budstorey1434]

Thank you so much for the useful video's I am trying to encourage our granddaughter and her husband to seek a USDA loan. Will they approve a loan for a Modular home set on owned property? They own 5 acres in a very rural area. I searched the map and yes this area is USDA approved. Their income is considered low medium. Thank you for the time you have spent educating us. Greatly appreciated.

[@WinTheHouseYouLove]

Yes, absolutely! As long the home meet the USDA guidelines.

[@rangersbaseball8956]

Hi Kyle great channel and information I think fha loan will be best for me looking to get my new home in 2021 I have a extra $2,500+ in cash putting it in the bank how long should it be in the bank before I go to try to get a loan for a mortgage

[@WinTheHouseYouLove]

Thanks! An underwriter will look back 2 full bank statements. So, ideally put it in your account as early as you can.

[@melilu2845]

Unfortunate fact about USDA is the low front end DTI limit of 29-34% max. If you have no other debt like me, it really limits your buying power.

[@WinTheHouseYouLove]

The front end can be rough. Conventional doesn't have a front-end, that may be an option to explore

[@akgroomer7278]

@@WinTheHouseYouLove im sorry remind me what front end is?

[@MChery-ny3sk]

Another great content. Is it possible to have two houses in the same zip code? Current loan is VA.

[@WinTheHouseYouLove]

Thanks! Hmm, it depends... Let's say your current home with VA loan is too small for your family now so you want to buy a new home with USDA that is bigger, that should work. If you just want to buy with USDA so you can rent out your current home, that won't work. Underwriters have to be very cautious that the loans they approve don't look like occupancy fraud. If you have a disability and don't have to pay the VA Funding Fee, a second VA loan might be a lot better than USDA.

[@bryankmiller2]

Great video

[@WinTheHouseYouLove]

Glad you enjoyed it

[@dapymp17]

What kind of a loan assistance do you recommend for buying land with out a building on it with the intent to build a yurt?

[@SimplySha1]

Question about FHA loans. Are you saying with a 580 credit score or above you are guaranteed 3.5% down payment only? Or does it vary depending on the lender? Thanks Great videos

[@WinTheHouseYouLove]

That's the minimum standard given by FHA. Lenders can choose to increase it if they'd like

[@SirenOffspring]

I accepted an offer with a conventional loan inspection contingent. Is it too late to switch to a different broker? Current lender doesn't do USDA.

[@mrderek800]

@Win The House You Love, So, does that mean the USDA loan with 3.5% down is a better option when compared to a Conventional loan with a loan level price adjustment waiver?

[@WinTheHouseYouLove]

Hey Derek, great question! The choice between a USDA loan and a Conventional loan can depend on a variety of factors. USDA loans can be great because of the low down payment and favorable interest rates. But remember, they're only available in certain rural and suburban areas. As for conventional loans with a loan level price adjustment waiver, they're often beneficial for folks with great credit. It'd be worth chatting more about your personal situation to help you decide the best route. You're welcome to start on a pre-qualification at www.winthehouseyoulove.com/lender or drop me an email at [e-mail]. Looking forward to helping you out!

[@marte1a256]

Dood! YOU ARE THE MAN! Wao

[@WinTheHouseYouLove]

Thank you so much for watching!! :)

[@tiffanyjohnson6872]

Sweet and spicy here!! Great video

[@WinTheHouseYouLove]

Lovely!! Sweet AND spicy is the best of both worlds

[@livinglife7515]

Are student loans that are in deferment, because you are still a student, count towards the debt to income ratio? So no monthly payment of the student loans are required right now.

[@ultrapink7900]

I live in New York I need to find out more about USDA if you are going to make a video about that

[@WinTheHouseYouLove]

Check my recent videos, I have a full USDA breakdown

[@NotaFakeAccount-cj6zt]

I'm between 672-692 credit score and looking for a house. Maybe USDA is better for me.

[@nikkoe2694]

That voice! 😍

[@WinTheHouseYouLove]

Thank you so much for watching!! :)

[@leandrozuniga5634]

Please make a video about USDA farm loans

[@WinTheHouseYouLove]

For the time being I'm just focusing on primary residences

[@reconchris3855]

great content

[@WinTheHouseYouLove]

Thank you!

[@antoniosilvestre4542]

Thank you!

[@WinTheHouseYouLove]

You're welcome! Thanks for watching!

[@joes0406]

What if my wife and I have poor credit but combine ours for the application?....

[@kendallpressley]

Is it possible to get approved for either an FHA or USDA loan with a 610 credit score, $29k income, and a new job - with the most recent job history being 2019, though good and steady job history since 2012 through fall 2019? (Was pregnant in 2020)

[@WinTheHouseYouLove]

Most lenders are only allowing 640 scores at the moment, so it might take some shopping around to find a lender that would work.

[@TheConservativeLatina]

Is USDA only for fist time buyers? For low income? I own a small house right now; was told I can not use USDA to buy land/house; is this true?

[@jhartmac100]

Which lenders process USDA loans?

[@kiloswain]

Can you explain the USDA construction process?

[@WinTheHouseYouLove]

I can add the idea to my video list :)

[@FaithfulAcresFarm]

Wow that was a good line handsome! LOL

[@WinTheHouseYouLove]

Haha Thank you so much for watching!! :)

[@WinTheHouseYouLove]

Haha thanks

[@ruqhayam1214]

Do you provide service with finding a DSCR loan ? If yes please provide me the information to schedule an appointment

[@WinTheHouseYouLove]

Yes we offer DSCR. Please email me at [e-mail] and I'll get you connected with our team lead who does them

[@vickykeener9430]

On 1987 As a single parent I bought my first home after divorce for myself and my two children. It was FHA Then in the 90's it converted to USDA RD It seemed to convert very easy the only trouble is as time went on and my home when I bought it the drain fields were backed up and septic was running in yard upon inspection they did not catch I moved in and my new neighbor calls health depart. So I go to home office here and ask to borrow money to fix the septic they say sure get someone to fix then I do and after a few weeks they call and say they don't have the funding. I don't know how I am going to pay and then USDA decide they do not like how the septic work is completed so The person who did the work the Health dept and myself end up in Court a few times and then its thrown out I just want to say from experience if down the road your home if it needs work the single family rehabilitation Grant they came in and just restored my whole home its a 8 year loan which is forgiven after that 8 years let's say $5,000 ayear USDA RD loans and repairs your going to pay back and also let's talk about subsidy recapture of which this is the amount they help you pay to subsidized that payment according to your income. When you make that final payment you can pay that subsidy recapture back with 25% discount or you can continue to live in the home and pay recapture back when you sale and or no longer occupy the home if you want to refinance later or say after the loan is paid you would have to pay that recapture first. NCFHA IN NC have those single Family rehabilitation Grants They replaced my roof put up siding new doors new windows gutters new shower and tub commode new vanities carpet new split vac Mitsubishi systen flooring new water heater so please as time goes by Remember this and don't try to borrow back through the lender and pay them more

[@alfredofonseca9409]

Currently I live with my fiance and her mother. Would usda still add her income to the limit even though we would be moving out without her?

[@WinTheHouseYouLove]

No, they will not add her income since you will not live with her. Good luck!

[@karinaperez781]

you said with USDA loan is about 300,000 max but does that depend on the state do you live. Just because some states you can’t find 300,00 houses.

[@WinTheHouseYouLove]

USDA doesn't have a loan limit, only an income limit

[@Ightbet123]

So you can’t buy a duplex live in one for one year move out and rent both properties with a USDA loan?

[@WinTheHouseYouLove]

USDA is only for 1 unit

[@stephaniestrauss1923]

Myself and my husband plan to have an FHA loan for buying a house in June 2022 . My husband is Graduating from College in May 2022 , and plans to look for a better job with his Bachelors degree. Question is can my husband can change jobs 2 weeks before we start the home loan process

[@WinTheHouseYouLove]

Yes, if its under the same industry. If not, you need to wait for 2 years. Best of luck!

[@Travster93]

My gf and I are looking into getting our first home (my name will be on the house) and I'm going in with less of a savings than I wanted (less than 5k) will this affect my chances at a USDA loan?

[@WinTheHouseYouLove]

It's difficult to tell, probably a better question with a loan officer who can go through an application with you

[@larrylucas5731]

How do charge-offs affect the credit loan process? what are the time limits?

[@WinTheHouseYouLove]

Charge-offs generally won't impact your approval directly since the creditor wrote the debt off their books

[@zebidiah6597]

Do you know if you can get a USDA loan on a duplex? Because the seller said that is what he used just 3 years ago. But when i talked to my local bank i was told it was not allowed?

[@WinTheHouseYouLove]

I believe USDA has a multi-family loan option directly through them; however, I believe USDA Guaranteed only allows 1 unit

[@user-yd2tw3nc2x]

Golden Nuggets

[@WinTheHouseYouLove]

Thanks for watching!

[@blessed2presscreations795]

Thank you for all this information. What state do you work out of? I am planning to relocate to Georgia or one of the Carolinas but I am confused about the approval process with not having a job already. Do you have any Brokers to recommend or are you licensed in one of those states?

[@WinTheHouseYouLove]

You can go to my website to be connected → www.winthehouseyoulove.com/

[@ginashen8974]

Where is Rural area? Have map can find out?

[@samrmma7948]

So which one is better USDA or FHA loan? With Credit score around 620-820 ?

[@WinTheHouseYouLove]

I mentioned my thoughts in this video. Make sure to watch the whole thing ;)

[@wh00is007]

Can you still house hack on USDA loans?

[@rakst7512]

FHA DTI ratio is 31% to 43% and USDA 29% to 41%.

[@WinTheHouseYouLove]

On manual underwrite, yes. AUS and GUS are the ratios in this video.

[@aprilkeller3861]

Thanks for update but question has COVID changed the guidelines? Is it true can you use household income for qualifying for USDA loan? The bank told us it can only use the applicant income. And almost a 680 score, mine in almost there snd my fiancée is over 720. Also are there guidelines if it’s a manufacturerd home? I am not sure if we are working with right lend we purchased our current home qualified easily for fha. The home we want to purchase is rural and accepts only cash conventional or usda. We won’t know what type of down payment we will have until our current home sells. Any suggestions we are in FL. So I didn’t know if guidelines are different.

[@WinTheHouseYouLove]

Thanks for watching! COVID has changed guidelines with some lenders. There is a household income limit, but only the people on the loan's income can be used to qualify. Manufactured homes can have different guidelines depending on the scenario.

[@jtenrec1]

Are 3 family members able to purchase on either of these loans together?

[@WinTheHouseYouLove]

Yep!

[@maylerma1720]

Does CALIFORNIA Riverside County (Temecula) have USDA loan?

[@WinTheHouseYouLove]

Use this map to search → eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp

[@maylerma1720]

@@WinTheHouseYouLove Thank you! 😊