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Usda Home Loan?
I live in Tennessee but want to move close to family in Florida. I've checked addresses for eligiblity and USDA map shows it is eligible. I've not begun the process of even applying for the loan but wanted to know if I can live in one state but apply to get the loan in another? I work at a big known retail store and transfer will not be a problem.
Asked By Heather Sisemore | i don't know, FL | 136 views | Home Loans | 7 months ago
Answer(4)
Lisa and Greg Harris
eXp Realty, LLC
Just be sure that you are able to get the job transfer information for the lender and be able to qualify for the USDA loan options. The amount of income is also something considered in the USDA loan in additional to the location of the home.
- 7 months ago
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Ben Foullon
Exp Realty
Hi Heather! Yes, you are able to apply for a USDA loan while living in another state.
- 7 months ago
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Yes. you are fine to proceed. First thing you want to do is connect with a lender and get preapproved so you can shop in FL with confidence.
- 7 months ago
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Hi Heather, USDA loans have strict guidelines. Be sure you have your transfer letter from your employer prior to the loan going into underwriting. Happy to help you and talk you through the process.
832-659-1196
- 7 months ago
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