Using Subject to owner financing and USDA

2 Replies

Can you perform a Subject to owner financing or "Subject to" on a USDA financed house?

People are in a huge HOA lien/foreclosure, and they are in a USDA loan. Not a lot of useful info on the web site.

@Mark Hill

When you do Subject to, you typically don't tell the lender so that they don't call the loan. The problem is that if the HOA and the lender are behind, they will want to be caught up or else they'll foreclose. Some USDA loans are assumable, but you would still have the issue of catching up the loan and the HOA.