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USDA LOAN ILLINOIS
Hello, I’m interested in getting pre‑approved for a USDA loan in Illinois, and I need to confirm whether your company handles manual underwriting.
My middle credit score is around 599, and I have two late payments within the last 12 months. I have 12 months of on‑time rent payments, stable income, and no monthly debt.
I’m looking at a property in Carthage, IL (62321), but I have not toured it yet and may offer under the list price. I plan to complete the entire process remotely.
Can you please confirm:
Do you offer USDA loans in Illinois?
Do you handle manual underwriting for scores under 620?
If yes, can you connect me with a USDA specialist to begin the pre‑approval process
Thank You
LMJ
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1 Reply
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Subject: USDA Loan Pre-Approval Process in Illinois
Hello,
Thank you for your inquiry. We provide USDA loans in Illinois and review applications needing manual underwriting.
Based on your information—a middle credit score of 599, two recent late payments, a 12-month record of on-time rent, stable employment, and no monthly debt—we recommend a USDA specialist review your file. USDA does not set a minimum credit score; it evaluates your ability and willingness to repay. Applications with scores below 640 usually require a detailed credit report and additional documentation (Rural Development).
Please submit documentation and a written explanation for the two recent late payments. Your consistent rent payments, stable income, and no monthly debt may strengthen your application.
We can review your file remotely. Since the property is in Carthage, IL 62321, we will verify it meets USDA property and household income eligibility requirements. We will also confirm that the purchase price aligns with appraisal and underwriting standards.
To begin the pre-approval process, please provide the following documents.
- First and Last Name, Phone Number, Email
- The recent 30 days of pay stubs
- 2 years of W-2s or tax returns if you were self-employed
- 2 months of bank statements
- Driver’s License
- 12 months of proof of rental payments
- Written explanation of the 2 late payments
- Property Address or the listing link
Once we receive all required documents, we will connect you with a USDA loan specialist and start reviewing your file for pre-approval.
Thank you,
Gustan Cho Associates
gustancho.com
GCA Mortgage | Mortgage Experts With No Overlays
Whether you have gone through bankruptcy, divorce or you are a first-time homebuyer, Gustan Cho Associates are experts in difficult loans
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