Home Buying in Bowling Green>Question Details

Laura Pryor, Home Buyer in Bowling Green, KY

Can you purchase a forclosed home with a Rural Developement Loan?

Asked by Laura Pryor, Bowling Green, KY Thu Oct 11, 2012

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Jim Cummings’ answer
You can. But the home has to be located in the county and cannot be in the city limits or an annex area. Obviously it still has to qualify from an appraisal's standpoint. I would be honored to help you with your next home search and find a property that will fit your needs. Please contact me at (270) 792-3140 and we can arrange some time to begin the process.

Jim Cummings
ERA Premier Realty Partners
0 votes Thank Flag Link Thu Oct 11, 2012
Hi Laura,
The Rural Development loan criteria is more about the quality and the location of the home, rather than who the seller is. As long as the home meets the qualifications, then I would not think a foreclosure is an issue. Good luck,
John Burns.
0 votes Thank Flag Link Thu Oct 11, 2012
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