We are buying a home through rural development (USDA) This is our first home, do we still qualify for the $8000 tax credit with a subsidized loan?
Answers (1)
FIRST ANSWER
Kz in my area there are people that use the USDA RD loan and no one has told them that they can not qualify. The main differance between USDA and FHA is that with USDA you can finance 100% of the purchase price. The property has to be in a USDA qualifing area to use the USDA loan product.
Web Reference: http://www.Find1Home.com
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