in

USDA Home Loan Property Requirements

USDA Rural Housing has some detailed requirements for the homes that get approved for the USDA home loan. All homes will be inspected by an appraiser and must meet the rules before the loan can be closed.

The rules cover the general condition of the home, both outside and inside. The rules also deal with the function of the basic systems like plumbing and electrical.

By enforcing these guidelines and only approving homes that meet certain criteria protects the lender from loaning money on a bad property and also gives the buyer peace of mind that they are getting a decent property.

Report

What do you think?

186 points
Mentor

Written by madisonmortgage

Real Estate | Mortgage | Social Media | Content Curator | Blogger | Cyclist | Disc Golfer www.madisonmortgageguys.com

Video MakerStory MakerYears Of MembershipVerified User

Leave a Reply

Best Islamic Children Books for Little Captains

Heat Damaged Hair Symptoms and What to Look For