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For FSA-related 1098 forms, call 866-729-9705. Visit your local USDA service center.
The Loan Approval Official should review all of the documents contained in the case file to ensure that they are completed properly, and must confirm that the Loan Originators underwriting decision is sound. The Loan Approval Official must approve or reject the loan within 30 days of receiving a complete case file.
Things like unverifiable income, undisclosed debt, or just having too much household income for your area can cause a loan to be denied. Solution. Get pre-approved with a USDA loan specialist before you formally apply for a loan.
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Here are the key USDA loan requirements in Kentucky: Income limits: Your household earnings must fall within prescribed limits, typically not exceeding 115% of the areas median income. Property location: The home you want to purchase must be situated in an area designated as rural by the USDA.
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What is the minimum credit score for a USDA loan? Approved USDA loan lenders typically require a minimum credit score of at least 620 to get a USDA home loan. However, the USDA doesnt have a minimum credit score, so borrowers with scores below 620 may still be eligible for a USDA-backed mortgage.

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