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credit911
Posts: 91
Registered: ‎06-02-2008

USDA credit reporting

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‎09-04-2010 11:40 PM

Now that I have my mortgage, I was wondering if USDA direct loans report to the credit bureaus just like  a standard mortgage does? I hope so, I could use the positive credit reporting to raise my scores over time.

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Contributor
credit911
Posts: 91
Registered: ‎06-02-2008

Re: USDA credit reporting

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‎10-18-2010 08:57 AM

does anybody know?

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Regular Contributor
hawkeye33
Posts: 248
Registered: ‎09-04-2008

Re: USDA credit reporting

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‎10-18-2010 12:18 PM

The bank through which you got your USDA loan (or, if your loan is sold, the bank to which it is sold) should report on your loan regularly to the CAs. My USDA mortgage is through Wells Fargo, and they report regularly.

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credit911
Posts: 91
Registered: ‎06-02-2008

Re: USDA credit reporting

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‎10-18-2010 10:00 PM

I have a direct loan through USDA...there is no bank. Payments are made directly to them. So I was wondering if they report same as a regular bank would? Thanks!

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Regular Contributor
hawkeye33
Posts: 248
Registered: ‎09-04-2008

Re: USDA credit reporting

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‎10-20-2010 12:08 PM

Sorry, my bad.

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Contributor
credit911
Posts: 91
Registered: ‎06-02-2008

Re: USDA credit reporting

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‎10-20-2010 10:01 PM

No worries, I appreciate the effort!

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