When getting a USDA Direct loan, do you still have to pay for the inspection and put...

A

acermill

New member
Inspections are always the cost of the buyer, since they are performed for the benefit of the buyer. As far as earnest money goes, you will most probably have to put down something. Earnest money is an agreement between buyer and seller, and USDA has nothing to do with that. It will be difficult to find a seller who will accept your offer to purchase without some sort of earnest money.
 
...earnest money down? My husband and I qualify for the direct loan. This loan comes directly from the USDA, but I am curious for those of you that have gotten a direct loan, since the loan is 102 percent of the homes value, do you have to pay for the earnest money and inspection?
 
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