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Usda loans and savings account

Can you have a savings account and still qualify for a usda loan by toakley08359 from Ann Arbor, Michigan. May 24th 2020 Reply


Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

USDA loans are income based assistance loans with special qualification rules. You can have liquid assets in the bank, like a savings account, and be just fine. You just can't have too much with this program. The simple reason being if you have to much, why do you need a special no down payment loan? I lend for USDA loans in MN WI IA SD and ND. I can be reached at JoeMetzler.com/usda. NMLS 274132. Equal Housing Lender.

May 28th 2020
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