/biz/ - Business & Finance

>>57492413
Play around on their website - there's a property eligibility map.

https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

>>56408706
Still possible to buy cheap now. Pick a part of this map that isn't shaded.

>>56390584
It's because "rural" has such a broad definition.

The USDA considers areas "rural" if they're not directly adjacent to a large metro area.

You could be in the 10k small town just outside the 100k city with all the amenities on the border of the 4.5 million person metro area and you would be classified as "rural".

You could also be in in NW Nebraska which is actually rural.

>>55665554
Zoomers think anything not shaded in this map is "bumblefuck nowhere"

>>55353033
Never said that it's the best, I certainly don't dump my money into my mortgage that's below 3%.

Buying a home and investing in Crypto/Stocks are not mutually exclusive. You can buy with 0% down (USDA).

>>53536818
Don't worry too much about the commitment of owning a house. It's not near the liability people make it out to be, because you can always rent your property out and have some moron pay your mortgage off for you. As long as your payment is lower than what comparable properties are renting for, it is advantageous to buy.

If you are in a low cost of living area, you can probably head a few minutes outside of the city to a USDA-eligible area. USDA offers direct loans with no money down and a current interest rate of 4% (this came up a bit from last year when it was in the low 3% range). You won't do better than that rate for the foreseeable future.

>>53164767
You need to live outside of large urban/suburban areas. There is a map available on their website.

https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp

>>52986923
You don't need any money to buy a house. Just get a USDA loan and put no money down and get a half priced interest rate. Just leave the major cities and their adjacent suburbs.

>>51631030
>the areas these houses are located in are usually so remote

The fuck they are. My county of 200k people is 100% USDA eligible. I bought in a city of 10k where I can walk/bike to everything.

You continue to make excuses and shift the goalposts when solutions exist. Almost as bad as the single women on the dating apps.

>>50967418
6% for closing costs as a buyer is a gross exaggeration. Maybe back when homes were cheap, but now that's maybe Most of the things you pay are a flat fee. I paid $4000 in closing costs for my $400,000 house.

>Origination Charges (500-1500)
>Lenders Title Insurance (usually 1000-1500)
>1 year Prepaid Home Insurance (700)
>3 months Prepaid Prop Tax (1000)

That's it. Seller takes care of Owner's Title Insurance and Transfer Taxes, which are the two biggest fees.

Also, if you're an American, you should buy a home with a USDA loan. They require no money down and give you interest rates that are below the market. Rates are 3% right now. Everywhere in this country that's not a major metro area and it's adjacent suburbs qualifies.

>>50365467
You can get a mortgage through USDA for 0% down and 3% rates, basically half off right now, and not deplete any of your savings. Just buy outside of the shaded areas.

Throw your savings into Crypto instead and thank me in a few years.

>>50360904
Get a USDA loan where you can buy for $0 down.

Rates are only 3% right now, it's basically a half off coupon.

All you have to do is not live in one of the shaded areas on this map.

>>50264411
Everywhere on this map that is not shaded in red you can get a loan for 3.0% through USDA.

>>50062908
Have skills that are valued by people.

>>50063078
Mortgage rates are 2.5% in rural areas right now. Pick anywhere on this map that isn't shaded in red and you can get a house for $0 down at 2.5% interest.

https://archive.4plebs.org/pol/thread/365918302/