Updated over 5 years ago on . Most recent reply
USDA loan Subject to
Has anyone done a subject to on a USDA loan? I have a property in Washington state that I am working on and the loan is a USDA loan. Wondering if anyone has had any problems doing a subject to on this type of loan.
3 bed 2 bath.
ARV - $315k
Amount left on the loan is around 230k. I’m waiting to get the statement and actual pay off amount.
Rent in the area is around $1700.
Payment is $1620.
Not sure on what the total amount due is to bring the mortgage current. The seller claims its approximately $15k.
Seller is only asking for $1k.
I’m just looking for some advice.
I appreciate any help.