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I have a USDA Guaranteed loan, but I need to relocate and want to buy a resale in my new city.

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Anonymous
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I have a USDA Guaranteed loan, but I need to relocate and want to buy a resale in my new city.

I have a USDA Guaranteed loan on my new home.  I closed on the home late May 2010, so I have not been in the home for very long, but I have been offered a new job, making a lot of money, two hours away.  I want to keep the home, but I know that there has to be some catch.  I can't sell my home because the builder in my community lowered prices, so my home now costs someone today 10000 less then what I paid.  There was a resale next door which sold for 30000 less then my home, which is valued more then that one. 

 

Current balance on my mortgage is 138k, and I am looking at a townhouse that is listed for 65k (average price for that community).

 

Thanks!!

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