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Me_irl (lemmy.today)
submitted 5 months ago by to c/me_irl@lemmy.world
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[–] 5 points 5 months ago (3 children)

I agree. But I do wish more people knew about USDA loans in the US, it was the only way I could initially buy my home because it means you can put any amount down, even 0% if you so desire. It allowed me to lock in a low rate (3.2%) in 2021.

The catch is that you must not be in an incorporated city or town, and income limits apply (based on your area's COL).

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  • [–] 1 point 5 months ago* (1 child)

    The catch is that you must not be in an incorporated city or town, and income limits apply (based on your area’s COL).

    That's a pretty big catch. Or 2 catches, as it would seem to be.

    It is viable for many, but it's not a generally-applicable solution.

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