What Happens When I Inherit My Dads "USDA Home"

[Chance Cooper]

My Father has owned a home since 1995 and he purchased it with some sort of USDA Program or Farmers Market Home (Ive heard him talk about it). Its some sort of government loan that he qualified for based on his income. He is disabled and draws a small check every month therefore his payment is only like $200 a month. I dont like talking to him about it because nobody never likes to talk about the "What If" scenario....

Anyways,

My Father has that house willed to me, if something was to happen to him how would that work? Since I make way more money than that would they re-adjust the loan and base it off my income? Would I even be able to inherit the home? Or as long as the payment is getting paid do they even have to know something happened to him? Just curious, I would like to know all my options.

I put the address of his home on the "Rentometer" website and the rents in that area are like 750-850, so if I can rent it out and only have to keep paying the $200 loan that would be a great cash flowing home.

If anyone has any insight on this please let me know.