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September 2018

Home Improvement

Things Every Homebuyer Should Know About USDA Loans!

by Noe Liv on

If you don’t have the massive income to buy a home in New York, fret not! USDA loans are great for low to moderate income families that need a home in rural and suburban areas. This is also a great choice for those who don’t have a positive credit history or don’t qualify for some of the traditional home financing and mortgage options. The USDA loan options are designed to improve the quality of life and economy in rural areas, and you can get a loan with very basic requirements. Here’s a list of things you need to know.

What’s required to get a USDA loan?

Okay, for starters, you can only get a USDA loan for selected rural areas, and there are income limits for applicants. In short, if you have considerable income, you cannot ask for a loan just because you want to get a house in rural region. You can check online to find a blog post to check relevant limits and norms for your county. Also, these loans are only available for primary residences, which mean that you cannot use the money for investment or rental property.

  • First and foremost, you must be a US citizen or must have permanent residency.
  • Secondly, you need to have a dependable source of income for at least 24 months.
  • Next, you must be able to pay for the loan, which includes interest, taxes and other things like insurance, should be more than 29% of your income per month.
  • The total payments, including the mortgage, shouldn’t increase 41% of your monthly income.
  • The USDA does consider the credit score, and a score of 680 or more is considered to be decent. However, certain things beyond your control may have affected your credibility, and USDA will consider that.
  • You can still get a loan when the score is lower than 680, but there are stringent norms with regards to that. Also, if you don’t have a credit score, you can still apply for the loan.

USDA Loans can be categorized into three segments. The first is a Guaranteed USDA Loan, for which USDA partners with local lenders and will guarantee for a portion of the mortgage. The second choice is given by USDA itself for extremely low-income groups. There is also a third one called Home Improvement Loan and Grant, which is offered to borrowers to upgrade or improve your home. Check online for more details.

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Home Decor

The Pests You Can Expect To Invade Your Home This Autumn

by Noe Liv on

As the crisp cool air of autumn approaches, you will want to prepare for the coming winter. Pests will ensure they survive the winter and choose to move into your house while they still have the chance. They will start to work their way into your property during those warm afternoons. To know how to deal with these pests, it is best to know which pests can invade your home this autumn. These include the following:

Rodents

Rats and mice are pests to pay attention to during autumn. Like humans, they need food and warmth. Because they are quite small, they can easily crawl through tiny spaces. When it comes to invading rodents, you will be concerned about their ability to spread diseases and a lot of them like to chew on thing such as wires which can cause fire hazards. Also, these rodents don’t invade your property alone. They can also bring pests such as fleas which can impact any pets you may have. Plus, rodents have the ability to produce offspring quickly. Therefore, you must contact a professional that specializes in electronic pest control to get rid of rodents that roam in your house.

Crickets

Crickets can get quite annoying when you are trying to get some sleep. Also, greenhouse camel crickets can invade your basement. You can keep them under control by sealing off any entry points, removing food and water sources as well as setting out non-toxic traps to catch them before they can cause serious issues in your property.

Ants and Cockroaches

Cockroaches and ants can in many kinds which may invade your house this autumn. They also look for a warm house that has lots of food to get survive the winter. Tiny cracks and holes in your outer walls are entry points for ants and roaches. Roaches can hide in boxes, clothes, and bags. Ensure you find these pests because they are capable of transmitting disease and can damage your house.

Stink Bugs

Although these bugs are not really terrifying, they make a big stink. As the weather gets colder outside, these bugs will come inside your house, emitting a strong odor once feel threatened. Also, stinkbug droppings can stain and ruin your belongings. Make sure you check your items before you walk into your house to make sure you do not bring these hitchhikers.

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