Home Buying in Raleigh>Question Details

Angelyn Stok…, Real Estate Pro in Springfield, MO

When getting an USDA Loan to buy a home, can seller pay closing cost?

Asked by Angelyn Stokes, Springfield, MO Sat May 26, 2012

Help the community by answering this question:


Yes, even if you are getting a USDA loan, the seller can still pay closing costs if they so desire.
Good luck,
0 votes Thank Flag Link Tue Jul 24, 2012
My home qualifies for a USDA loan and it is not in a "rural" area at all. We are within walking distance of downtown Wake Forest. We offer first year home buyers warranty, and we've already done a pre-inspection. As long as an offer wouldn't leave us in the hole, we would definitely pay closing costs! Check out my home: 420 N. Allen Rd, Wake Forest, NC 27587
0 votes Thank Flag Link Sun Jul 15, 2012
That or a Sellers Concession added to the loan amount can work...
0 votes Thank Flag Link Wed Jun 13, 2012
Yes! USDA is a great loan. You just have to make sure that the home in a USDA zone. Most rural areas qualify. A lender can give you an estimate on how much you'll need for closing costs and you can ask for that amount in negotations. Make sure to use a realtor who knows a thing or two about mortgages and you'll be fine!
0 votes Thank Flag Link Sat May 26, 2012
The seller can pay closing cost. there are liitations depending on loan ammount. The key is to have a Lender and Realtor working hand in hand with lots of experience in USDA loans. You do not wish to ask for too much or too little and you must cross T's and dot I's on this type of purchase and funding.


John T. Little
Broker Owner
Triangle Realty Solutions
4620 Watkins Rd.
Raleigh, NC 27616
Ph#(919) 798-6285
Fax (877) 447-4333
0 votes Thank Flag Link Sat May 26, 2012
If that is written into the contract, yes.
0 votes Thank Flag Link Sat May 26, 2012
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