Applying for USDA - No Money Down Rural Housing Loan
Posted 27 August 2012 - 10:36 AM
Our mortgage specialist is putting some feelers out to see if she can find a lender with less strict guidelines. She said that if we can find a lender who will allow this, she is certain the USDA will approve the loan. She believes there is a lender out there, but it's just a matter of finding them.
Posted 28 August 2012 - 09:42 AM
Posted 31 August 2012 - 10:04 AM
Posted 31 August 2012 - 11:12 AM
Who are you deeding the house to, the bank? Aren't you afraid you'll be evicted as soon as you do it? Once you do that, the bank won't have to go through foreclosure to initiate eviction proceedings. I don't know how long that takes in your state, so you'd have to double check with your lawyer on that. It would just put you in a terrible place if your new loan isn't approved, and now you're being evicted from this one.
Posted 31 August 2012 - 12:16 PM
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