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REALTOR HELPFUL INFORMATION
Your Trusted Mortgage Broker
DOES MY CLIENT NEED A PEST INSPECTION?
All VA, FHA, USDA loans require a pest inspection. If it is not stated on the contract on a Conventional loan, it is not required but is recommended.
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Pest inspections cost between $75 - $120 and seem to be remembered last minute, these actually need to be done early in the process. You never know when you may need to execute repairs!
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MAXIMUM SELLER CONTRIBUTIONS
Owner Occupied and Second Homes
>90% LTV = 3%
>75% LTV = 6%
≥75% LTV = 9%
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Investment Property
all LTV = 2%
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USDA PROPERTY ELIGIBILITY
Check to see if the property is USDA eligible:
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https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
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Click on "Single Family Housing Guaranteed" to see if the property qualifies and what income caps are present in that area
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Realtor Helpful Hints: My Experience
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