Home Buying in Shelbyville>Question Details

musicchick162, Home Buyer in Shelbyville, KY

New construction and USDA loans?

Asked by musicchick162, Shelbyville, KY Thu May 31, 2012

I am wondering if my husband and I can buy a new construction house with a USDA loan? Or do builders not really work with people who are fianced by USDA loans??

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Answers

3
Property must meet HUD Handbook 4905.1 & 4150.2 or similar standard. A FHA
roster appraiser can verify adequacy/working order of electrical, plumbing, heating,
water & waste disposal on existing dwellings.
0 votes Thank Flag Link Sun Dec 30, 2012
My husband and I are in the same situation in SE Indiana. I know this is a late post to your question but I would love to hear your experiences. So far we haven't found a builder willing to follow through with the USDA loan regardless of what they state in the beginning. Its been very frustrating.
0 votes Thank Flag Link Thu Oct 11, 2012
I'm not sure if builders are avoiding the USDA loans but you may find more information here:
http://kentuckyusdaloan.com/
0 votes Thank Flag Link Mon Aug 27, 2012
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