USDA Loans- Barns/Stru
09-25-2012 02:22 PM
We're currently offering on a home that includes 5 acres and planned on using a USDA loan to help us with the down payment.
The unfortunate thing is that the property also has a "barn", or a medium sized metal building I guess they used to put horses in. No stalls or actual fencing inside, it's just the empty metal building with a dirt floor.
We're afraid to go any further with our offers and bidding as I recently was told that USDA does not cover barns or any sort of buildings on the property. Has anyone found a way to get around this? Is there any leniency?
Thank you for any help or advice you could give!
Current: 638 (EQ) FICO 9/2012
Goal: 640 - Mortgage here I come!