The Honest Truth About USDA Rural Development Loans 2022

[@dianahdeborah816]

I’m a single mother of two making 40,747 YEARLY. I couldn’t afford a down payment or closing cost. So this load actually help me reach my goal of homeownership. I’ll be closing 2/18/22 fingers crossed.

[@NicoleNark]

I am so excited for you Dianah! 🎉🏡 wishing you the very best in your new home!

[@Ela-eh3hm]

Congratulations!!! God is good!!

[@Ash-A1]

This is such good news! I love hearing success stories, congratulations! God bless you and your babies! 💕

[@Ash-A1]

May I ask what state you were able to use this? And how long was the process

[@dianahdeborah816]

@@Ash-A1 I’m in Illinois, about two months.

[@royalgreenlantern]

Im a Real Estate Agent. I would say using a USDA loan with a new construction is easier. As Builders are not the same as resale sellers when it comes to trying to create a bidding war. They more so need to get properties sold.

[@NicoleNark]

So true Keenan! Good point.

[@cheriegill8778]

Facts 💯

[@kaylamccarthy8507]

She doesn’t have too many videos on the USDA new construction process

[@twilit]

Is it a new thing that new construction is allowed? On another KZbin channel USDA mortgage hub from 2019 the poster said it had to be an already built home. That is a very good point that getting new construction done would be easier!

[@CambiandoTuVidaParaBien]

Hello, do you know any good one?

[@racheltountan4712]

You can use USDA home loans for new construction, and planned community in an up and coming suburban community. Established builders accept all types of home loans. You may only have to wait to have the house built. Other than that, you don't have any problem getting the home you want because of the home loans you have.

[@sd8023]

I bought my house USDA recently and it was a lifesaver for me .. My apartments rent went up so high I was gonna become homeless my USDA loan on my home it’s less than an apartment I definitely recommend

[@jamashiafoy5088]

How was the process I'm so nervous to start the process

[@sd8023]

@@jamashiafoy5088 first step find a lender or bank that does USDA loans. next thing get prequalified through them usually they will give you a max dollar amount you’re approved for. This Dollar amount can vary per USDA lender..So check around first.. look for a house under that price range.. The lender will walk you through the rest of the states there are certain qualifications they will advise you need to get the loan approved check your credit score. USDA has specific qualification guidelines. It’s a process but very worth it so glad to get out of the high rent..

[@jamashiafoy5088]

@@sd8023 when you're trying to get pre qualified do they run your credit?

[@sd8023]

@@jamashiafoy5088 yes they do a hard pull on your credit report

[@sd8023]

@@jamashiafoy5088 google USDA home loans it will give you a lot of info.. I did a lot of searching info before I started and it was helpful,. And I hope you are Successful..

[@SL-bo2gq]

I did a usda loan back in 2020 for a new build. Best decision I made @ a 3.25 rate

[@BossThoughts100]

Hi, wanted to ask you about inspection part and what else do we have to pay out of pocket?

[@SL-bo2gq]

@@BossThoughts100 minimum 3% down. Closing costs and inspection fees tied into my mortgage.

[@ahomesteaddream]

I’m binge watching your videos about this loan! I’m about 2-3 years out from officially starting the process (currently trying to build that savings account up), and you’re making this process not only doable, but so much less intimidating. I wish I could buy now but I want to set myself up for success because I’m a single mom. I don’t even have the help of child support. Thank you for sharing all of these videos about this loan type!!

[@ItsMe.1Gypsy]

Same !!😁

[@antoniahines83]

Have you guys heard about the usda direct home loan? It’s for low to low low income. You should check it out!

[@kacieleavell3407]

My mother recently achieved paying off her interest and principal after 30 years to the USDA. She was extremely excited about her accomplishment, until she was told that having a subsidized loan, may require her to pay an additional $11,000. She is now waiting for her home to be evaluated to determine how much she'll have to pay. Hopefully, this will all work out in her favor! Please read the fine print.

[@jademay9047]

How does a subsidized loan even happen? I was listening to the USDA video and they mentioned that

[@lawbee2448]

Any updates on the outcome?

[@morganwood7855]

This is what info I need to understand. Plus when I was approved in 2020 they only gave me 90 days to find a house. That’s pressure, I backed out

[@Tedzepplin]

I had never heard of a USDA loan until I stumbled upon one of your videos. Coincidentally, I was already looking for a home in Arkansas. I found a USDA lender and he was new and not well versed in the USDA loan process. He told me my down payment would be zero, but my closing costs would be nearly 10k dollars, and attempted to steer me into a conventional loan, or FHA loan promising me that closing cost and 3% to 3.5% would have been less than using the USDA program. It didn't sound right, so I found another lender and had a very long conversation. We went over my income, he looked at my tax returns and paycheck stubs, and ultimately pulled a hard credit. Not only was my USDA loan approved automatically, but the interest rate was lower than expected, and closing costs were calculated to be more than reasonable. I've worked extremely hard for 10 years to bring my scores up after a very financially foolish early credit history, and it really helped. I started this journey back in November 2021 because of your video, and you couldn't have been more spot-on about how hard it is to to find the right home, in a USDA area, where the seller will accept a USDA loan. I finally found a home 48 hours ago that had been posted on Zillow for only 4 hours. I called my realtor, she went down and shot a video (I live out of state) , sent me a link and seller disclosure to read. The whole house was renovated 6 years ago. New plumbing, electrical, major appliances, kitchen and bathroom all new 4 years ago, roof replaced in 2018, central A/C and heat replaced in 2020. She suggested offering 10k dollars over asking, not requesting any repairs unless they were major, and no appraisal gap. If it didn't appraise, the seller would have the option to come down to the appraisal, or I would reject the deal. By 11am the next day the were 11 offers on that house. Offers had to be in by 2pm on the same day. By 4pm, I had an accepted offer, and by 5pm the offer had been signed, the agent agreement was signed, and the inspection had been scheduled and signed for next week with appraisal to follow after the inspection date. All of this happened within 18 hours of the house being listed, and 14 hours after my first phone call to my agent. It went very fast. Thanks to you 100x over for your solid advice. I never thought the possibility of owning a home was in the future for me. Even if the appraisal comes back at that top number, the payment is still hundreds less than my rent ever was previously, and my cash reserves won't be depleted to half in the process. You did a real public service, and I am grateful. The take away for anyone reading this is get your ducks in a row as soon as possible, check your inventory sources first thing in the morning, then every 3 hours, and again right before bed. Homes are going quickly, and you want your offer in as close to first as possible. Do not offer an appraisal gap if you offer over asking, and most of all pick the most experienced USDA lender you can find. Having a lender that knows the ropes, and a realtor that will hustle for you makes the biggest difference if you're going USDA. If that house appraisal goes well, I'll be closing in 30 days. This program does work but you'll need to be an active participant. Good luck to everyone!

[@laura4495]

Great advice. Thank you for sharing.

[@Tedzepplin]

@@laura4495 the house sale is closed and we're moved in now. Actual appraisal came in 28k over my offer. I watched more of your videos and now I'm addicted. Your information was priceless. What you do is a master class level informational public service. You should feel really good about yourself. You were HUGE help.

[@realtalkwithAngelaNeidlinger]

I heard about it 20 years ago

[@Tedzepplin]

@@realtalkwithAngelaNeidlinger I hadn't heard of it, but I'm a fan. I've passed the information and this channel onto at least a dozen people I knew that were in my situation. Able to pay, strong credit, but that down payment was crushing the deal. I know that one is in the program now, and a few more are gathering their information to make it smooth.

[@eigthhousefallen]

I got pre-approved because of your info. It's a first step. I'm grateful either way.

[@ronmorgan4799]

I can't get a loan on any single wide manufacturerd home ..usda has to many stipulations what do we do ?????

[@mekkler]

This is a sorely needed reality check every home buyer needs to hear. USDA - FHA - cash, what ever gets you in the house is the way to go.

[@NicoleNark]

Absolutely!

[@tcat2437]

💯💯💯

[@rhondawilkins_]

What about using a USDA LOAN to BUILD A HOME??

[@stephenhobbs4751]

Could you explain why a seller would choose one loan type over another if the offer was the same? How does a down payment give me immediate equity yet the seller wants to see it? It’s not like I am paying the seller monthly to buy the home. Thanks for explaining all that you do. Hoping to buy our first home soon. You’ve definitely helped us feel more informed!

[@charismaticone3976]

Hi Nicole! We were approved for USDA Direct and we cannot find a home! Can we have a home built on a plot of land we purchase with this loan?

[@transporttechs]

Audio Sounds great Nicole!! Thanks for the info!!!

[@garyleeheard3434]

To qualify for this loan specifically, is there a certain amount of money you can or can not have in the bank to get approved for the zero down???.....

[@williecunningham3725]

Why is my USDA loan interest rate so high in a fixed 30 year? How can I refinance into a different gov loan program???? My credit is way higher than it was when I took out the loan!

[@jenniferb9506]

I just want to give some hope. Tell them about the Buyer's Letter. It's a letter that goes with your offer, usually written by your realtor, that let's the seller know a bit about you and why they might want to sell to you personally. I know a woman who wanted to buy the house next her her mother when it went up for sale so she could care for her later. That got the sellers attention enough that he sold it to her a little under asking. Sooooo. Anything helps right?

[@NicoleNark]

That is true but these letters are no longer allowed in many markets as they open up an avenue for Fair Housing violations.

[@DDiazz]

Hi nicole applied for the USDA loan direct in February… I’m in the waiting period. But every single realtor in Florida say “they don’t know what that is” is this common or do they not like this loan ? Even builders say no even tho it’s a rural area according to their USDA map

[@JS-xs5hq]

Can you get an USDA Rural to buy land? It's going to be a long while before the supply increases, but not until the inflation rate is relaxed and thus drives down building costs and the commercial lending rate. Until then, home ownership for first timers will be a struggle.

[@jaazzh521]

No

[@imdurmac1]

ty for this information. as a 1st time homebuyer, this has brought realism.

[@jamesgoff6052]

Hi my chapter 13 has been over several months and the USDA still hasn't been giving me credit for my payments.I did not file on the usda and never missed a payment. I even talked to Sue Kirby at the Columbia KY Office about this issue.I sent them my Bankruptcy discharge several months ago.😢

[@shickman1561]

A lot of people don’t realize that there are USDA Direct and USDA Guaranteed loans. For Direct, you wouldn’t be going to another lender. I’m seeing this confusion a lot in the comments. They just think a USDA loan is one loan type. Also, is it even worse if you go the USDA direct loan way for a seller than USDA guaranteed?

[@tanyazuniga320]

How do I know it’s a rule area?and how do I get help?

[@diamondchris4013]

Is it a good time to buy a house in Florida

[@lifemp3222]

Why would the seller be worried about the loan type when the bank takes all the risk? Outside of things that are obvious

[@NicoleNark]

In theory, a seller shouldn't be worried about loan type. In reality, many sellers know that that there are certain loans that cater to people that have more or less down payment as well as higher or lower credit scores. Whether it is true or not, sellers often see the loans that require larger down payments and are given to buyers with higher credit scores as a sign that those buyers have better financial pictures and may have a better shot at getting to the closing table than a loan geared towards buyers with a lower down payment and credit score.

[@lifemp3222]

@@NicoleNark That makes sense. So it's the loan types that might give headaches along the way that people want to avoid. Thank you for your time

[@NicoleNark]

@@lifemp3222 You got it!

[@NicoleBlythe1]

@@NicoleNark Thanks for this clarification!

[@WendyMiami]

It might be better to use for new construction

[@richardpateau8034]

Am I allowed to have savings getting a usda loan?

[@monglor83]

Hi Nicole! What’s the best way to find out what homes will qualify for the USDA loan? Thanks in advance and I love your informative videos! Keep it up!!!

[@Neon-Indian86]

I live in Oklahoma, I wonder if I’d get approved ? There’s plenty of open land out here.

[@candelariab2887]

Ok I understand about the “”lenders”” which I believe those are the banks with people who has USDA Guaranteed Loans but what about the USDA Direct Loan when the USDA is the lender and they finance 100% of the loan for low and very low income people?!?!

[@NicoleNark]

hey Candelaria! All of the general information I shared in this video applies to both the direct and guaranteed versions of the USDA loans. My goal with this is to share the struggle that some buyers using the USDA loan are facing right now in this competitive market so you can work on being as prepared as possible!

[@candelariab2887]

@@NicoleNark - thank you for the info. I’m waiting for the loan specialist. I sent my first forms but I know there are others in front of me so hopefully when I finally get my turn it would be when nobody is buying so it will be easier for me to get my home because I’m a person on permanent disability so don’t have too much money.

[@joes0406]

Where can I move with poor credit and little cash?

[@summergivens242]

I bought a USDA/FHA home and regret it. Most of the homes that are available need a lot of work or a ton of repairs needed. My heater/ air conditioning unit went out along with water pump and well problems first 6-months after I moved in. Now my floors are caving in. I want out !

[@neondreams4016]

How long do you have to Live in the home before you can resale with usda loan?

[@christinecervera6530]

USDA loan first time home buyer I am a disabled woman with a renter already I live rurally Sumner Maine

[@mikeypooh1]

I’ve been listening to you for about 5 months which made me go for it. I went to a local lender and and told them I wanted a USDA loan, and got pre-approved for $330k. I was looking at a $260k home so we started a process. Without letting me know went and approved me for FHA but for a lower amount. I’m really upset. Sorry just venting.

[@gabbyz1405]

We got approved for a conventional loan but we saw a house in a city that was usda approved to our lender then made our conventional loan into a usda loan.

[@mikeypooh1]

@@gabbyz1405 I spoke to a friend who works for a lender and said they shouldn’t do that. Maybe they did it because they are better versed in that type of loan and makes it easier on them.

[@askalexanderliamhacksviain3670]

I got a house with my home loan with the help of an agent on Instagram my Neighbor introduced me to. His name is above my comment👆

[@dorawhisman361]

My biggest worry in buying a home with usda(I have applied)! I live in an area near a large city. Real Estate's crazy! Patience I do have. Will see. Thanks for your videos!

[@NicoleNark]

Best of luck, Dora! 🎉👍🏼

[@jbamerican_usnavy]

What about service-connected, disabled veterans and USDA loans?

[@gunterpenguin1644]

Hi Nicole! Really like your videos. What software do you use?

[@rayaao-topic8792]

I am a college student in FL. I prefer to own my own place or land especially, big land. This is my 1st time, may you give me a few pointers, should I apply now or wait until next year when I have to move to the city I am going to go to school?

[@debbiejohnsonjohnson3411]

I'm still waiting for my grant/loans

[@joes0406]

I can't wait...our house is going up for sheriff sale in April.

[@billtodd2820]

Is there USDA loans to make mobile home repairs that i reside and own for single low income Veteran

[@outoftheherd]

I just learned about USDA Rural Development loans from one of your other videos and am excited about the possibilities. This is excellent information. I’m still trying to get a better understanding of how they work, though. Can you be pre-approved for a certain amount with a USDA loan, and then go find a house? Or do you have to have a specific property in mind when you apply, given that the house has to fit various criteria (e.g., rural area)?

[@williecunningham3725]

You can have one built, you can buy one pre existing, you can get a modular, you can get a manufactured home, or you can rent a home or apartment with the loan. My loan was a zero down payment low closing cost manufactured home, turn key package. I love it!!! They put my home on land they approved, and the loan covered everything including subcontracting everything, I never dreamed I would own my own home because my credit was horrible back in 2000.

[@marye8229]

@@williecunningham3725 wow thats really interesting....i didnt know they allow mobile homes. Thanks for the info :)

[@kaylablack2218]

@@williecunningham3725 awesome! I would love to get a brand nee manufactured home with a USDA loan.

[@DDiazz]

@@williecunningham3725 wow I’m having such a tough time in Florida and I’m not even picky.everyone claims they don’t know what that is OR they don’t accept it EVEN tho it’s a rural area in the USDA map

[@caroltung2667]

Like one video encourages me and another does the opposite

[@vchaney3697]

Hi Nicole, your video is a GREAT re-assurance about the housing market for buyers. Save your money and have patience. I've saved approx. 12K, gone to numerous homebuying seminars and have submitted ALL of my financial information. Zero % down pymt, sounds good, though this USDA loan has many dowmward positions to it. I not wanting to roll ALL of the closing cost and other home purchase fees into this loan. It's good info. that you express to furture home buyers to WAIT and save.

[@jamashiafoy5088]

Hey I love your videos I wanted to know if you can do a video covering a video on buying a modular home with a usda loan

[@gypsylizzy8893]

Great Advise- Thank you for sharing your knowledge 🤠

[@NicoleNark]

Absolutely! Thanks for watching

[@bg5097]

Hello. I’m confused! I want a new home in the suburbs. Is this a loan that I could use ?

[@Gator805]

Using this program, would the home buyer still need to have cash for closing costs??

[@Homesteadhappyhour]

Great video to help manage expectations. Sometimes a good realtor that you know and trust can make all the difference

[@NicoleNark]

I appreciate you watching! We need to meet in 2022!

[@Homesteadhappyhour]

@@NicoleNark say the word.

[@lolipopsobloobllop6105]

Is it possible to get approved for usda and have your monthly mortgage payment under $1100 per month?

[@NicoleNark]

It is! It really depends on the overall price and area of the home you are buying!

[@timothyarnold2689]

Is a usda loan a good choice to purchase land?

[@g00dgh0st]

I'm having difficulty finding a USDA lender that supports new construction. Is that a common issue? Why? Is there a lender you can recommend? Thank you

[@chelseaerwin7269]

The USDA site lists lenders who deal specifically with the construction loans. Not all lenders who do USDA loan will provide construction.

[@welcometosusansmukbang9215]

Thank you for this video ❤️

[@NicoleNark]

You are so welcome!

[@michaelb.6277]

Hello. Is it possible to get approved for an USDA loan, while your 4 years into a 5 year chapter 13 bankruptcy?

[@LucindaGaskill-zv3hk]

I bought a house with a usda rural development loan. If I sell a portion of the lot that I own, where would that money go ? I’m in fayette county, pa 15401

[@michellemarie1197]

Can you use this type of home loan to purchase just a piece of land or a lot without a home already on it? Cause I would love to do that if that's an option.

[@sarahmarie3167]

Pretty sure you can - you can always go to the website & just talk to someone before they run your credit

[@szvetlana1000]

New LO here 👋If the property underappraises can the buyer cover the gap out of pocket? My team leader said no, and that the seller then need to match the sale price to appraised value, if not then buyer needs to flip to an FHA or conventional loan to be able to address the appraisal gap. Is this correct?

[@spousewife]

Hello Nicole. New sub here! I've been watching your videos and really appreciate your content. We have our Certificate of Eligibility. So, Yay! But we also got a letter that basically says, since funds are not immediately available, we should expect 90 days to close. Based on what I just heard you say in this video, I'm very concerned. We are in the SE GA area (Brunswick GA) and have just started looking. What would you advise?

[@NicoleNark]

Thanks for watching and welcome to my little corner of the internet! ☺️ Realistically, it’s going to be difficult to convince a seller to accept your offer and wait for 90 days. Not impossible, but more difficult. You will likely have the best chances with homes that have been on the market for a while OR with a seller who is not in a rush to move. I’d advise having your realtor call and speak with listing agents ahead of time regarding timeline to avoid some headaches!

[@spousewife]

Thanks for the advice. I appreciate it.

[@Ishowequine]

We just asked a listing agent on a house we were planning on putting an offer on if they worried about a USDA loan. They said no, we actually are getting a much better rate with a USDA loan and a lower monthly payment without any money down. So we chose to put in the offer with the USDA loan. They accepted another offer that was a conventional loan. ☹️

[@ItsMe.1Gypsy]

They probably Upped their Offer. Who Knows sometimes, Why Sellers Choose 1 Offer over Another.🙄

[@Ishowequine]

@@ItsMe.1Gypsy yeah, we offered 11k over asking with an escalation clause of up to 26k over asking. They went with another offer that was a conventional loan and didn’t want an inspection on the house (house was being sold as-is so an inspection is informational only) but idk how much the other offer actually offered. We could’ve done a conventional loan but decided not to since the seller “didn’t care” and we got a better interest rate with the USDA

[@ItsMe.1Gypsy]

@@Ishowequine Well then, maybe it was a Blessing in Disguise! If the Seller didn't Want an Inspection done = you may have Side Stepped a Problem Fix or 2! Hope you Find a Home you Love.

[@Ishowequine]

@@ItsMe.1Gypsy thank you very much! I wish you luck in the future with your home buying process! (I read other comments) I appreciate your kind words 😊

[@gadog4053]

I don't think you check your messages on messenger, I sent you a message in December 5th.

[@CatEyedGoddess]

I live in the suburbs of Philly. The competition in my area are investors, first time home buyers that can’t afford the raising cost of rent and the difficult time in finding and getting an apartment, transplants ( mostly from NY) and ppl trying to move away from all the development. In my area south DELCO, our area is hot because of location, close to the airport, 95, 202, Delaware, NJ, public transportation etc. I mean even the more impoverished areas are selling like hot cakes. I realized if I want a house I’m going to have to leave my area 😢😢😢 I don’t want to but I can’t compete with these ppl. I get it. There is a reason I stayed around here. But I don’t have enough money to get a house around here unless it’s distressed. But we have cool pockets like Allentown that I’m looking at. One day I will be a home owner. I always thought it would be easy like when my mother got her house in 2000. Who knew my sleepy area would blow up ?!

[@ivyhillmxtraining1304]

If you own the land outright is it possible to refinance the land with a USDA loan? If so, are there stipulations to borrowing against it?

[@blakepreston9108]

Minnesota USDA tax funnels most of its money to samolia, it's been totally compromised.

[@dorianmac7466]

Thank You again!

[@robingriffith277]

There are cons to sell your home if you get a loan through USDA

[@eduardohernandez3466]

♥️ i mean i love your energy idk if its all an act or its true, but it sounds like you really want to help people

[@NicoleNark]

Thank you Eduardo! I love to help and pass on the information I have learned

[@Knunya]

I would like your help or opinion!!!! Help me lol. I currently live in a modular community and am buying my double wide plus paying lot rent. We our paying right around 1300$ a month. We want to get a real home with our own land. We're a family of 6 so we definitely are tired of being smushed. We're in a rural area and homes I've been checking out qualify for the USDA RD. We have worked on our credit and have a 625 & 679. We have been with our bank for 20+ yrs and have discussed unofficially with the Loan officer years prior to coming to this trailer park about purchasing a home. In your honest opinion should we even try? The average home prices in our area are 150k-300k. I believe right now we're paying them prices. Also, is a mobile home title and home deed the same? If not would we qualify for a first time home buyer program since they're not the same?

[@brookehoward9383]

I am in the place with the cows and the fields and I still have doubts on getting an offer approved lol

[@KamalElfahssi]

Thank you Nicole.

[@eigthhousefallen]

The direct loan is for those of us living in unsafe conditions so ill leave the state if I have to

[@briangreen7105]

Could you get this loan on chapter 13 and good credit score

[@NicoleNark]

Most lenders have told me that there is a 1 year period after Chapter 13 before you would be able to qualify for the USDA loan.

[@nikileger6479]

My house is currently under contract, the buyers are doing a USDA loan, I regret it because I’m currently nearing 90 days under contract. I keep being told that the delay is waiting for the government to release the funds. I’ve extended twice but told them I will not extend again. I feel like I’ve lost out on multiple buyers.

[@NicoleNark]

That is one of the cons, especially with buyers using the direct USDA loan! Essentially, their lender is the government and it can take a while for them to have funds. Hopefully it will get wrapped up soon for you! 🤞🏼

[@nikileger6479]

@@NicoleNark I am being told more than likely it will be this week. I just know that it’s probably just as frustrating for the buyers. Love your videos ❤️

[@williecunningham3725]

@@NicoleNark it is best for the loan applicants to sign up early probably at the start of the year because funds will run out!!! I signed up early in the year and stayed on USDA and submitted my credit report early because you do need decent credit, but no bad credit to get a loan there!

[@nikki30md]

Definitely had to be the USDA direct loan. The USDA Guarantee loan is funded through the lender like a traditional mortgage.

[@nikileger6479]

@@nikki30md what is the difference between the two?

[@carja09]

Great vid

[@CambiandoTuVidaParaBien]

I think is better if you build your own home, thank you for this great inf.

[@carasomebody6477]

Thank you!

[@NicoleNark]

You're welcome! 😊

[@idaevans8800]

Thank you

[@Theworldaroundme143]

It says I qualify on their website with $60 income. I have 4 kids and a spouse. I'm awaiting disability determination. If I get approved by the income based one does it pay full mortgage until I can. They've paid around $90,000 already for my in housing assistance over 9 years will they say dang better off giving it then my disability should come in and still by income like where I am now.

[@ecj17cel]

I have a question. My mortgage guy said I can buy a modular/manufactured home with a USDA, it just has to be new and never lived in. I got pre-approval for $200'000. If I buy a new home, will I have to have money down? Or earnest pay?

[@ecj17cel]

I'm in NC...

[@gabbyz1405]

My friend bought a brand new home that was going to get built and she did have to put down $5k to secure the lot and once the house was built she did get back $3k because the builders paid for the closing cost and the usda paid for the down payment.

[@cheryltauer8324]

Excuse my spelling please looking forward to hearing from you

[@tylermoreland9748]

I would never accept an offer from a buyer if they were approved for a USDA loan. Very difficult process going through USDA.

[@NicoleNark]

Actually, as long as the agent the buyer is working with is well versed on USDA loans, the process can go very smoothly. I have helped dozens of buyers use this loan type to buy a house.

[@sassygirl7722]

FORBES SAYS IT WILL NOT GO DOWN BUT WILL CONTINUE TO SLOWLY INCREASE. THERE IS NO BUBBLE

[@archiehendricks6093]

N/a if i own my own land.

[@archiehendricks6093]

Thats rural

[@smashmaster13]

Renting is a scam it's just home ownership can go downhill fast

[@archiehendricks6093]

Own own land want to develop

[@IillyMacdovers-cc6ob]

L hills of clips

[@dadanddragons3522]

We’re all fkd. That’s it.

[@lightingthedarkremoteviewi8086]

It's only changed becuase of greedy people

[@josephtaylor6527]

this is so depressing

[@darrinclem2502]

Cash on hand? 😆

[@pearlrodgers354]

Im

[@trueDQ]

Nicole,wife & I are 1st time buyers, 800+FICO, approx 90k combined income,no debts,vehicles owned,low rent/expenses. We have a little cash,75k in physical metals. We own a vacant lot in a small AZ town. Do we apply for USDA 1st or approach a new construction lender (probably for a single close loan). Please advise, thank you. Gene.

[@NicoleNark]

Hey Gene! I made a video explaining how I would go about the USDA construction loan. You can find it here: USDA Construction Loan Requirements 2022 Full Guide! kzbin.info/www/bejne/iqK6f6J_aLRknqM

[@trueDQ]

@@NicoleNark Thank you Nicole, I'll will watch & learn!

[@Risingup7785]

Nicole is there a way to contact you via phone or email please let me know