Ok, this freaks me out a bit. I am currently doing a USDA direct loan as well and my concern is the house I am buying is 5 bedroom 2 bath. Totally sq ft 2447. Entire lot (with home) is 7057 sq ft. I am approved for 138,900. This house is listed for 89,000. My question is, will they not approve it because of the sq ft? I just put an offer on this home and would hate to waste anyone's time if they think this is not modest in size. Im very confused.
Im in ohio (Midwest) is 1800 sq ft but anything over 1800 sq ft they would need 12 months worth of past utilities to see if an applicant can afford the ulitilies, maintnance, etc...However, reading the handbook, they made exceptions if it is modest in size for that subdivision/area.