Call TODAY to speak with a USDA Home Loan Specialist (855) 474-7169 Primary Residential Mortgage

See if you qualify for a 100% Financing USDA Home Loan

What type of home loan are you looking for?
ZIP Code of the Property
What is the approximate loan amount?
What is your approximate credit score?
What is your name?
Last thing.
How can we contact you?
USDA Home Loan
★ Your information is secure and never shared. Read the privacy policy.

Title Ownership and What You Need to Know

Getting your title of ownership means a lot, especially for those who have been paying their mortgage for the past 15 to 30 years. There are a several classes of title and is crucial to know everything about each title if in case you apply to register a transfer of ownership.

Absolute Title

Most properties are registered with the class of title and is considered to be the highest form of ownership. Absolute title is approved by the Registrar together with the Lessor’s title. Most homeowners who are located in different states such as Texas would want to see the absolute title’s official copies when buying a property. However, if any defect in the title is found, the registrar may not grant the absolute title. This would only be disregarded as long as the defect will not cause any issue from the ownership under the title.

Qualified Title

A homeowner can be given a qualified title of the title has only been registered for a limited period or if there are any existing reservations for the property that cannot be disregarded. Qualified title may be given to the owner if a transaction was found within the title upon its first registration. If in case a breach of trust was made within the title, the owner would still take ownership to the interests of the beneficiaries who are under the trust.

Possessory Title

Possessory title is usually given when there are no title deeds to prove ownership or if the deeds have been destroyed. The registrar grants to applicant who is in the position of the property or is in receipt of profit coming from rents and there is no other class title that can be granted. Possessory titles are usually given to homeowners who claim under Squatters Rights or Adverse Possession.

Good Leasehold

The registrar grants homeowners who do not hold a Freehold Title with a restricted title which is a Good Leasehold. This usually happens if the applicant fails to submit any evidence of the freehold title when applying to register or chance his leasehold title. Most lenders or any those that will lend, usually does not accept good leasehold titles. They may, however, put it into consideration if the homeowner can provide indemnity insurance, which will be taken out once the loan has been completed.

These are just some of the things that you need to consider if in case you’re about to get your title. Getting your title of ownership is a great feeling. But as any other homeowner, especially those that are located in El Paso, should all be aware of each title of ownership mean. This will help you avoid any issues in the long run.

<< Back to the list.

Check Official USDA Loan Requirements

Get matched with a USDA lender and check your eligibility for 100% Financing.

Start Your Quote →




USDA Home Mortgages

Primary Residential Mortgage, Inc.
10121 N Rodney Parham, Suites C & D
Little Rock, AR 72227
855-474-7169
501-225-5626
NMLS # 3094
Branch NMLS # 252910
Licensed by Arkansas Securities Department 11558
PRMI Privacy Policy
PRMI Terms of Use
PRMI Consumer Voice
PRMI Licenses

Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

USDA Eligibility Map

A Loan Officer is waiting to talk to you.
AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY