Posted on: 05th Aug, 2010 02:58 pm
hello -----------------
i live in a USDA house and paying payments - i want to move for health reasons - can i get a USDA
approved rental assistant program for low income people on my house and move someone in it till this house sells- so i can move -i dont have enough money
to make payments and move both my income is 950.00
per month --
what other options do i have for this house ?
thanks bob
i live in a USDA house and paying payments - i want to move for health reasons - can i get a USDA
approved rental assistant program for low income people on my house and move someone in it till this house sells- so i can move -i dont have enough money
to make payments and move both my income is 950.00
per month --
what other options do i have for this house ?
thanks bob
Hi knab,
You can apply for the USDA approved rental assistant program for low income people but it would be the lender's discretion whether or not he would approve you for the same.
If you're unable to make payments on your USDA loan, you can apply for a deed in lieu of foreclosure in order to get rid of the property. However, if your property is sold off in this manner, you may not be able to get qualified for a mortgage in the next 3-4 years.
Thanks
You can apply for the USDA approved rental assistant program for low income people but it would be the lender's discretion whether or not he would approve you for the same.
If you're unable to make payments on your USDA loan, you can apply for a deed in lieu of foreclosure in order to get rid of the property. However, if your property is sold off in this manner, you may not be able to get qualified for a mortgage in the next 3-4 years.
Thanks
Hello --------
how does the USDA rental program work
what does it pay for and what am i responsible for
the house is in rural Tennessee the house is about 4 years old
and about 800 sq ft on 5.5 acres -----
thanks _ b.knab
how does the USDA rental program work
what does it pay for and what am i responsible for
the house is in rural Tennessee the house is about 4 years old
and about 800 sq ft on 5.5 acres -----
thanks _ b.knab
Check out the given page for information on USDA rental assistance program:
http://www.rurdev.usda.gov/rhs/mfh/brief_mfh_rra.htm
I hope this will help you.
http://www.rurdev.usda.gov/rhs/mfh/brief_mfh_rra.htm
I hope this will help you.