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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| 04-26-2024| 730 views|Home Loans|Updated 1 year ago

Answers (4)

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Lisa And Greg Harris

eXp Realty, LLC · Columbia, SC

(42 reviews)
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.
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05-06-2024 (1 year ago)··
Ben FoullonNovice4 Answers
Ben Foullon

Exp Realty · Portland, OR

(3 reviews)
Hi Heather! Yes, you are able to apply for a USDA loan while living in another state.
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04-29-2024 (1 year ago)··
Kris SechrestNovice2 Answers
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.
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05-02-2024 (1 year ago)··
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Bianca RosadoNovice1 Answer
Bianca Rosado

Mutual of Omaha Mortgage dba Keller Home Loans

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
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05-09-2024 (1 year ago)··

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