Comments on: FHA loans v. USDA loans http://iciclecreekrealestate.com/2009/08/24/fha-loans-v-usda-loans/ Leavenworth Real Estate including Lake Wenatchee and Plain Thu, 15 Jul 2010 13:53:21 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Michael Bergin - Alexandria, VA Real Estate http://iciclecreekrealestate.com/2009/08/24/fha-loans-v-usda-loans/comment-page-1/#comment-2039 Michael Bergin - Alexandria, VA Real Estate Tue, 25 Aug 2009 03:05:27 +0000 http://iciclecreekrealestate.com/?p=1557#comment-2039 We are seeing a lot of FHA and VA loans out here with relatively trouble. It helps that our market never completely folded. Good information and a great looking site. Michael We are seeing a lot of FHA and VA loans out here with relatively trouble. It helps that our market never completely folded. Good information and a great looking site.

Michael

]]> By: Geordie Romer http://iciclecreekrealestate.com/2009/08/24/fha-loans-v-usda-loans/comment-page-1/#comment-2034 Geordie Romer Mon, 24 Aug 2009 19:51:06 +0000 http://iciclecreekrealestate.com/?p=1557#comment-2034 We have been seeing a lot more of both FHA and USDA loans lately. FHA loans don't have the stringent inspection problems that we saw 10 years ago, so they have come back into favor for qualifying buyers. USDA loans can be used anywhere in Chelan county except for within the city limits of Wenatchee. I currently have 2 sales in Cashmere that are both being sold with USDA loans. Neither program seems to be set up for quick closings and USDA is really backed up right now, so buyers may want to take that into consideration. What kinds of experiences have other folks had with these programs? We have been seeing a lot more of both FHA and USDA loans lately. FHA loans don’t have the stringent inspection problems that we saw 10 years ago, so they have come back into favor for qualifying buyers. USDA loans can be used anywhere in Chelan county except for within the city limits of Wenatchee. I currently have 2 sales in Cashmere that are both being sold with USDA loans. Neither program seems to be set up for quick closings and USDA is really backed up right now, so buyers may want to take that into consideration.

What kinds of experiences have other folks had with these programs?

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