Quick question. With usda loan if you get a loan for home but you want to make home improvements should you just ask more then they want for the house. Can you use the extra to make the home improvements or should you get a different loan to make those? I know usda has grants also.
Is USDA or FHA more flexible on credit score?
FHA will have the better rate typically if you have a lower score. They are very close especially if it’s a manual underwrite
@@bayoumortgage Thank you! I appreciate you answering my question. 😊
@@budgetwithlisakay You are welcome. I have stuff about USDA loans on the channel.
Quick question. With usda loan if you get a loan for home but you want to make home improvements should you just ask more then they want for the house. Can you use the extra to make the home improvements or should you get a different loan to make those? I know usda has grants also.
Usda does not have a loan that would allow for renovations. FHA does called an FHA 203k. They aren’t very fun to do but they are out there