USDA Direct loan

[Anonymous]

I went to the website and checked to see if I was eligible, and I was. But my question is, the current housing situation. It says I need to be without a decent, sanitary, and safe home. I am renting and the apartment is ok but I would like to but a home with girlfriend. She cannot move into this apartment because we “make too much”.
Also I have a savings account because we have been trying to save for a home, will that cause any issues?

[Anonymous]

I see no one has responded to you yet. I'm in the beginning phase of the Direct loan process myself and from what I've gathered about being without a "decent, sanitary, and safe home" only applies to those who already live in a home and are looking to rehab their existing home. I wish the USDA would clarify this too because almost did not apply because of this. Good luck to you!

[stinastina]

thanks, @Love4africa22 - when I asked my loan packager he said that people who were without were given priority status for the loan and the rest of us would receive funding after, if still available.

---

@Anonymous wrote:

I see no one has responded to you yet. I'm in the beginning phase of the Direct loan process myself and from what I've gathered about being without a "decent, sanitary, and safe home" only applies to those who already live in a home and are looking to rehab their existing home. I wish the USDA would clarify this too because almost did not apply because of this. Good luck to you!

---