...as long as its a "modular" home and not a "manufactured" home, USDA will work fine assuming the 4 acres is in a USDA eligible area ...they just expanded a lot of the ineligible areas map near urban/suburban areas that were eligible only a couple months ago ...your income should fall within the USDA limits but check the USDA site just to be sure.
...I'd talk to a couple of mortgage brokers who specialize in USDA loans rather than rely on anything a realtor tells you about qualifying for any kind of loan ...ask your realtor to recommend a couple to you, they should know which local ones to avoid (all talk and no walk) ...stay away from the big banks unless you have a strong relationship with one already in place
...your auto loans are high for your income and your cc utilization ratio is close to 50% of your CLs ...if that is spread out over several of your cards, your DTIR is likely going to be high ...with a 639 mid score (assuming that is a FICO 4 score, not an 8) you may have problems qualifying for 200K+ ...but I can't say without knowing more and a decent LO will give you a much better idea with your actual CRs and bank statements in hand ...you may actually be better off going the FHA route having the dp you have available ...you'll find a lot more lenders willing to do FHA, including local CUs ...but again, talk to a couple different LOs and have them run some estimates for you.
...that 639 mid score is right on the edge where you can get a decent break in your mortgage rate ...you might want to look over at the credit repair forum for some ideas on how to improve it quickly ...using some of your funds to get your CC utilization ratios down might be the best way to do that
...hth
@KeithW wrote:Well, I am hoping my wifes score will jump up. She paid her utilization down from 60% to 1% in the past two weeks.
...ought to do the trick, though it can take them forever and a day to update all 3 CRAs ...good luck!
