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11-21-2012 at 4:55 PM
KikiCohen
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KikiCohen is online. Last active: 05-21-2013, 8:10 PMSilver

If we build, could we still do USDA?

We live in an extremely rural county where just about every property qualifies for USDA (our lender's words, not ours) and we meet the income requirements.  But is USDA only good on already existing properties?  We're tossing around the possibility of building, but would that be possible to do USDA?
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11-21-2012 at 6:41 PM
kharley
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kharley is not online. Last active: 03-24-2013, 11:47 AMNewbie
If you build, yes you can. I say so because we're doing a USDA loan as well and we're building. But then again, it could also depend on what state you live in.
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11-29-2012 at 4:34 PM
CDorn10
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I just got done building my house in TX and we did a USDA loan. It was such an easy process and not alot of paperwork which is very nice too. I think the only issue we had was that we didnt want to pay a closing costs, Our builder was willing to cover them only to a certin point. We had to change lenders due to them not wanting to cover it all from them. Good luck!
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11-30-2012 at 9:08 PM
Jdunk2008
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Jdunk2008 is not online. Last active: 04-19-2013, 11:23 PMNewbie
I live in Iowa (the Des Moines area currently). But would like to build someday outside city limits. Can someone summarize some of the USDA stuff? I googled it but didn't find exact answers. Thanks!
 
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