USDA – Maximum Assets to Still Qualify: What are the maximum assets that a client can possess without triggering a traditional conventional credit loan?
Answer: Certain assets can trigger a USDA borrower into a traditional credit loan. Be sure to check those out first by contacting me. Note the following requirements from the USDA Manual. Reference: B. Obtaining Credit Form RD 3555-21, “Request for Single Family Housing Loan Guarantee” requires both the lender and the applicant to certify that [...]