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re: First time home buyer - need advice
Posted on 2/2/17 at 7:11 am to GREENHEAD22
Posted on 2/2/17 at 7:11 am to GREENHEAD22
I believe there are income restrictions on USDA Rural Development loan. When I bought my house I think the income limit was 75K. I am no means a financial expert, but if you are planning on moving to Denver or Texas, I believe it would be wise to rent. Even you said O&G is down right now which means a lot of people are not going to be purchasing housing which in turn could make the house you buy sit on the market longer if and when you decide to move.
1
Posted on 2/2/17 at 7:35 am to Perrydawg
quote:
believe there are income restrictions on USDA Rural Development loan. When I bought my house I think the income limit was 75K.
I think it depends on where you live. High cost areas like Denver typically have a higher income limit.
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