I am trying to obtain a loan through the USDA rural low income program, I need more information.?

I went through the pre qualification process, and I was qualified for the loan. But I have some issues with my credit, well I was going to take care of it anyway, but with the loan you have to pay everything negative off your credit which for myself isnt%26#039; more that $2000-$2500, no problem. but after I pay them off I have to wait 6 months. I want to know from someone that has this loan exactly the process and to answer a few questions for me. I am very interested in speaking with someone on the low-income rural development program?

I am trying to obtain a loan through the USDA rural low income program, I need more information.?

I do not have a USDA loan but have worked with the rural development program in the past. If you have specific questions we can try to help you. The links above are a great first step. You should calculate what your interest rate and qualification amount will be based upon your income. If the rate is not low enough, the program may not be worth the trouble. Of course, if you can get a low enough rate it is definitely worth it.

Have you tried your local not-for-profit housing counselling agency? They can also help you with this process.

Good luck.

I am trying to obtain a loan through the USDA rural low income program, I need more information.?

USDA Rural Housing programs %26amp; eligibility requirements: http://eligibility.sc.egov.usda.gov/elig...

USDA Required forms [FHA included]

http://forms.sc.egov.usda.gov/eforms/for...

Good luck on your research