Established Member
Fixinit2009
Posts: 27
Registered: ‎04-23-2009
Re: USDA Direct Loan Process

I eventually let that house go.  Not because of the 47 square feet but because come to find out the property COULD be divided (at 2.8 acres) and USDA wont allow that.

 

NOW... I have found a house that falls below program limits in square footage as well as acrage, have had it inspected, and am currently waiting on completion of appraisal that they have ordered, AND signing of contracts.

 

Can you tell me what happens next?? Any more credit checks or pay verifications?


Starting Score: 520
Current Score: 663
Goal Score: 850


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