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Updated over 7 years ago,

User Stats

89
Posts
25
Votes
Lawson Ott
  • Investor
  • Connersville, IN
25
Votes |
89
Posts

should i do a 0% down USDA loan?

Lawson Ott
  • Investor
  • Connersville, IN
Posted

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!

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