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If you are wanting to qualify for a USDA home loan, depending on the State, could take up to 8 weeks for approval. Just make sure you all of your papers in order and you can call and check on the loan to make sure it is not just sitting there.

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12y ago

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How long do you have to live in a USDA loan home before renting it out?

To rent out a home purchased with a USDA loan, you must live in it as your primary residence for at least 12 months before renting it out.


How can I go about renting out a USDA home?

To rent out a USDA home, you need to find a property that is eligible for USDA financing, meet the income requirements, and apply for a USDA loan. Once approved, you can rent out the property as long as you follow USDA guidelines and regulations.


Can you obtain a home equity loan on a family home that does not have a mortgage?

Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.


Is using a home loans calculator reliable?

Using a home loan calculator can give you a good ballpark estimate of what your monthly payments would be as long as you know the loan amount, the loan term, and the interest rate. However, you need to talk to your lender about what you qualify for.


How long do you have to be on your job to qualify for a car loan?

6 months minimum


If you cancel a student loan and still owe less than 200 dollars will this prevent you from receiving a grant that you qualify for?

No, as long as you are not in default on the loan.


Examples of long term financing?

home loan, educational loan, machinary loan


How long does a USDA home loan take to process?

that depends on if there is a waiting list. but when you are next depending on how long it takes you to get your required information to them. then they have to run credit report. etc usually the process takes 30 days they should then let you know if you get a loan or not. be patient. and give them the info the need such as tax returns,pay stubs and ???? good luck hope this helped.


Can you qualify for a business loan if you have bad credit?

Qualifing for a business loan with bad credit can be very difficult. It takes a long time and hard work but it can be possible though.


Can you get a FHA loan on a second home?

Yes you can obtain a FHA Loan on a second home as long as you meet the FHA requirements.


Does my business qualify to refinance using a sba loan?

Yes usually you can refinance your sba loan but I do not recommend it with the high rates and length of the loans given it can be more of a headache in the long run.


What to expect after foreclosure?

You can expect to have a big hit on your credit rating. This will last as long as 5-7 years unless you hire a professional to rebuild your credit. You will most likely not be able to qualify for a home loan for at least that time.