Questions and Answers

What is the minimum credit score needed to qualify?

Answer: We require a 620+ credit score.

What are the income qualifications?

Answer: They are set differently for each County. Call for details.

What is included in Total Household income?

Answer: All poeple living in the house, not just the people on the loan. This includes spouse, parents, children above 18, etc.

I have another house, can I still get a USDA loan?

Answer: Yes, there are some restrictions. Call for details.

I have had a short sale or foreclosure,  can I get a new loan with USDA?

Answer: Yes, there are some time restrictions that apply.

Can I use a USDA loan to purchase a rental property?

Answer: No, this is for a primary residence only.

I already applied for a home loan with a different lender, do I have to stay with them?

Answer: No you don’t. You can change your mind, and decide who you want to close your loan. Transfer of your loan is an easy process.

Who controls the interest rate and how often does it change?

Answer: Interest rates are set according to the market, same as all other mortgages.

Can I refinance my primary residence using the USDA Loan Program?

Answer: Only if you already have a USDA loan.

How will I know what interest rate I will get on my home loan?

Answer: We will communicate with you prior to locking your loan so you will know exactly what rate you are getting.

I hate to fill out forms online; can I talk to a person?

Answer: Sure just call me!

I don’t feel comfortable giving my financial information over the internet, what can we do?

Answer: We will do everything over the telephone or in person.

How long does it take to close my loan?

Answer: No more than three weeks.

I am working with a realtor… is that ok?

Answer: No problem.

I want to place my loan in your hands, what’s next?

Answer: Call me. 801-361-2596

I want to move forward with you, what do I tell my realtor?

Answer: Ask them to fax or email a copy of your contract to us, and I will give the Realtor a call to coordinate.

I just want to talk, can I call you?

Answer: Sure, please call me at your convenience.

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