Re: Evaluating Convention
al vs. FHA (VA & USDA)
07-12-2011 03:22 PM
We're in the middle of a USDA Direct purchase. It's a nightmare. I'd swear to emphasis how much of a nightmare but I find vulgarity to be generally unneccessary. Just know that the hassles are worthy of a swear.
We're going on our fourth month under contract. Every single step along the way has been painful. Much more painful than it's needed to be. We keep telling ourselves it will be worth it in the end when we can have that nice lower subsidzed payment. But right now...we're ready to just rent forever.
Shane...what are those tax implications you were talking about in regards to that subsidy? I know about the recapture, but what kind of implication will we expect on our yearly tax return?