Your seller just got an offer with a USDA loan. Before they say no, they need to hear this...
USDA loans have zero down payment, a lower upfront fee than FHA, lower mortgage insurance than FHA, appraisals that follow conventional guidelines — and starting September 1st, some lenders can now close them in 30 days instead of 45.
With USDA funding renewing on October 1st, this is the perfect time to understand rural development loans and the pool of buyers they open up for your listings.
In this week's Monday Market Update, Nikki Erickson from Kevnik Mortgage breaks down everything agents need to know — and I share a reminder about creating your own economy no matter what the market is doing.
This week we are covering: ✅ Interest rate update — high sevens and low eights, and strategies for buyers who were pre-approved in the six to seven range ✅ Why October 1st matters — USDA renews its fiscal year funding ✅ The updated USDA eligibility maps and why half a city can qualify while the other half does not ✅ USDA perks — zero down, 1% upfront fee vs 1.75% FHA, 0.35% mortgage insurance vs 0.55% FHA ✅ Why USDA appraisals follow conventional guidelines — not FHA or VA ✅ Delegated authority — the change that lets USDA loans close in 30 days instead of 45 ✅ How down payment assistance can work with USDA so buyers bring almost nothing to closing ✅ How to check any property's USDA eligibility in seconds ✅ Create your own economy — why people still need your help right now ✅ Why your future pipeline is built when rates are high
The general message this week is simple. Do not let your sellers dismiss a USDA offer, and check your rural-area listings for USDA eligibility so you can open them up to buyers with no down payment. And remember — the market does not decide your business. You do.
Share this with every agent you know who works outside the metro.
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📞 Connect with Nikki Erickson at Kevnik Mortgage: 📱 Call or Text: 952-484-1584 📧 Email: nikki@kevnikgroup.com 📘 Facebook | TikTok | Instagram: @mortgagesfrommntoaz
00:00 Introduction – First Full Week of October 00:10 Interest Rate Update – High Sevens Low Eights and Strategies for Pre-Approved Buyers 01:00 October 1st USDA Funding Renewal and the New Eligibility Maps 02:20 USDA Perks – Zero Down, Lower Upfront Fee and Lower Mortgage Insurance vs FHA 03:10 USDA Appraisals Follow Conventional Guidelines – What Sellers Need to Know 03:40 Delegated Authority – USDA Loans Now Closing in 30 Days Instead of 45 04:50 Down Payment Assistance on USDA – Buyers Bringing Zero to Closing 05:30 How to Check USDA Property Eligibility and How to Reach Nikki 05:55 Create Your Own Economy – People Still Need Your Help 07:15 Your Future Pipeline Is Built When Rates Are High
Now's The Time - no matter where you are, where you have been, or your current results - By becoming more aware and following a process, you can have whatever it is you truly desire!
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Check out my YouTube Channel - So many ways to stay connected and plugged in! AGCoaching@agcoaching684
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