Get a USDA loan to buy land and build a house

[Formerly Black Trash]

@Pseudonym didnt you build your house?

USDA Construction Loan to Buy Land | Requirements 2023

USDA construction loans can be an affordable way to buy land and build a home. Read on to learn more about their pros and cons.

themortgagereports.com

 

[Orange cream shake]

If the income limits are the same as a regular usda loan then this is bullshyt. When the average house being built is over 450k but you gotta make less than 95k a year it’s pretty pointless. And this is in a rural area that qualifies.

 

[Formerly Black Trash]

If the income limits are the same as a regular usda loan then this is bullshyt. When the average house being built is over 450k but you gotta make less than 95k a year it’s pretty pointless. And this is in a rural area that qualifies.

You right bruh

It would be 3 million to build my 4832 Sq foot house

 

[ABlackMan]

Can I take advantage

 

[GoAggieGo.]

That’s what I did for my first townhome. Bought it out in the rural area, right outside of Atlanta. The whole process was pretty smooth. Tryna get my baby bro to do the same.

 

[Formerly Black Trash]

That’s what I did for my first townhome. Bought it out in the rural area, right outside of Atlanta. The whole process was pretty smooth. Tryna get my baby bro to do the same

How much money did you need?

 

[O.T.I.S.]

I wonder if this could be tied into the VA home loan as well

 

[GoAggieGo.]

How much money did you need?

All I had to pay for was inspection fees which at the time was like 4 or 500 bucks. I negotiated no closing costs, and the usda loans took care of the down payment.

 

[Formerly Black Trash]

All I had to pay for was inspection fees which at the time was like 4 or 500 bucks. I negotiated no closing costs, and the usda loans took care of the down payment.

So it's only really worth it if you're going to use it to sell or as an investment

Otherwise you have to be caked up

 

[Formerly Black Trash]

More affordable house that I want:

Plan 33161ZR: Coastal Contemporary House Plan Under 2600 Square Feet with Great Outdoor Living

This 2,515 square foot 3-bed coastal contemporary house plan with 330 square foot optional apartment has great outdoor living with an L-shaped covered porch in back.Marvelous views start right at the front door where the vaulted and beamed great room flows right out to the L-shaped outdoor lanai...

www.architecturaldesigns.com

@Pseudonym
@BigAggieLean.

 

[Noriega]

That’s what I did for my first townhome. Bought it out in the rural area, right outside of Atlanta. The whole process was pretty smooth. Tryna get my baby bro to do the same.

No Sidewalks & well water? I’ll pass

 

[GoAggieGo.]

No Sidewalks & well water? I’ll pass

My subdivision out there has sidewalks. You got me on the water, tho.

 

[JoelB]

That’s what I did for my first townhome. Bought it out in the rural area, right outside of Atlanta. The whole process was pretty smooth. Tryna get my baby bro to do the same.

We used to sell a shytload of homes in McDonough back in the day with USDA Financing. More black folk should take advantage of USDA

but people not trying to live out in the woods like that

 

[Noriega]

My subdivision out there has sidewalks. You got me on the water, tho.

My parents had some friends who stayed about an hour outside of Chi on the Indiana border. Huge property, they had well water

Hated going out there as a kid, shyt use to make me sick

 

[Formerly Black Trash]

We used to sell a shytload of homes in McDonough back in the day with USDA Financing. More black folk should take advantage of USDA

but people not trying to live out in the woods like that

You built and sold homes personally?