Buying a foreclosed home sounds great. They are offered at bargain-basement prices and you can achieve fast equity by fixing it up. And buying a foreclosure with a USDA loan would be even sweeter: get a zero-down loan AND a low home price? Yes, please. So, can you buy a foreclosure with a USDA loan? …
A USDA home loan is a fantastic homebuying tool, offering zero down payment, low rates, and lenient credit score guidelines. But in return, they come with some extra stipulations, such as how you must occupy the property and your household income. So, can you have a roommate if you get a USDA loan? Let’s talk …
USDA loans are different than most other loan types because if someone moves in with you before you buy, they could derail your approval. Sounds strange right? Wouldn’t an extra person in the household make it less likely that you’d miss a payment? While that’s true, USDA loans come with strict income limits. They are …
I’m Getting A USDA Loan And My Girlfriend Moved In. What Now? Read More »
A USDA loan requires no down payment, offers low mortgage rates, and is meant for less densely populated areas of the U.S. There’s even a construction loan available. So financing a barndominium with a USDA loan seems like the perfect solution. But it’s harder than it seems. That’s okay, because if you wanted to do …
When I was 26, I purchased the house pictured above for $250,000 with $1,100 out-of-pocket. Yes, I got into a house for less than it costs to rent an apartment. And I could have done it with none of my own money if I knew what I was doing. Here’s a how I bought a …
How I Bought a House With Almost No Money Out Of Pocket, And How You Can Too Read More »
