USDA Direct Loan possibilit
01-07-2010 10:30 AM
I am not sure if there is even a possibility of my family qualifying for a Direct USDA home loan of an amount sufficient to purchase a decent safe home.
My situation, I am a single disabled mother of 4 we rent an apartment at $575 a month with renters insurance adding another $24. This is not a safe place.
I have a car loan in the amount of $344.24 a month and credit card payments in the amount of $60 a month. (I plan on paying off another 3 cards before I
I have income of $674 from SSI and $1,490 in child support monthly.
My credit scores are 687 and 710. No negatives or lates on my reports.
The houses I have found in my area that would take care of the family needs range in price of 75k to 91k. Does anyone know if there is even a possiblity of getting a loan limit in that range being that for our family size we have a pretty low income. Any insight would greatly be appreciated Thanks!