should i do a 0% down USDA loan?

[Lawson Ott]

so i am looking into a property which is for sale on a USDA loan with 0% down.

they are asking 65k and are willing to pay closing costs.

they refuse to rent or land contract.

USDA loans are one of the few things i haven't learned much about in my real estate journey.

looking for some advice, min qualifications, restrictions on use/exits, etc...

should i jump on this? or let it pass?

what should i beware of?

i welcome multiple angles on this. so please weigh in, even if already has some answers.

thanks!

[Charlie MacPherson]

@Lawson Ott USDA is a great loan program but is only available in certain areas with lower population density.  

Minimum credit score of 620, and owrner occupied for SFR. There are also income limits.

There is a non-owner occupied for MFR as well.

Details are here: https://eligibility.sc.egov.usda.gov/eligibility/w...