USDA Construction Loan Requirements | How to check your eligibility and get approved

How the USDA construction loan works and what requirements need to be met. Today we have special guest David Corwin, from the USDA here to tell us exactly how this works.

This is a one time construction loan, which means you do not have to pay closing costs twice.

With the USDA construction loan, during the construction of the home, the payments can be rolled into the loan.

I learned a ton talking with Dave, and I hope you do too.

I feel like this is a great opportunity to remove yourself from the insane bidding wars in today's existing home market, and at least consider building if you are eligible.

Please drop a comment below with any questions you have.

You're welcome to shoot me a direct inquiry here as well: https://balanceprocess.com/contact

Important USDA links below:

Income limits: https://www.rd.usda.gov/files/RD-GRHLimitMap.pdf

Location eligibility: https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp

Check out the podcast:

Apple podcasts: https://podcasts.apple.com/us/podcast/mortgage-guide/id1195696389

Spotify: https://open.spotify.com/show/6RbTXxX5bD6BvRh1JLkdZM

Audible: https://www.audible.com/pd/Podcast/B08JJQCCT1

Amazon: https://music.amazon.com/podcasts/68e3f3b1-7c90-462c-9b9b-8e758ee3cbcd/mortgage-guide

Stitcher: https://www.stitcher.com/show/mortgage-guide

Видео USDA Construction Loan Requirements | How to check your eligibility and get approved канала Mortgage by Adam