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Need a Hud approved or certified buying agent?
I am permanantly disabled and inder 65. I have been approved for a usda/rural development loan but i cant find anything to which fits the requirements and mortgage amount. I could apply for comstruction to permament mortgage loan. No one seems to want to help me. It is available in all states from what i have read on rural development site. And the office i am applying with says they dont process those loans. I am required to use a HUD certified buying agent with 2 years experience. Could someone please help me i have until aug. 23 to get it done. Thank you very much. P.s. i could also use some help applying for grants for nonelderly disabled persons. I am already approved for housing choice voucher and receive it. I now qualify for homebuyers voucher same pha. Ill get a minimum of $505/month assistance from HUD. And I have a C.O.E. OF $117330. I would be endebted forever as it may be my only option left to own a home in my life as i am 52. Could use any help whatsoever. Thank you and have a great holiday weekend and be safe. Thank you for your time, again!!
Asked By Brent Licciardi | Crystal City, MO | 282 views | Affordable Housing | 1 year ago
Answer(1)
Jason Craig
Coldwell Banker
Hi Brent,
While I'm not a lender or attorney, I can share some general information that may help. USDA Rural Development loans have strict property requirements, and not every lender is set up to do the construction‑to‑permanent version. The Rural Development office in your state can provide a list of approved lenders and builders who work with their Single Family Housing program. If the local office you’ve spoken with doesn’t process construction loans, it may be worth calling the state USDA office directly to ask which lenders in your area offer that option.
HUD doesn’t require you to use a special “HUD‑approved” real estate agent to buy a home, but they do certify housing counseling agencies. A HUD‑certified housing counselor can explain the programs you mentioned (USDA loans, Housing Choice/Homeownership Vouchers and any grants for people with disabilities) and help you put together a plan. You can search for counselors by state on HUD’s website. Your Public Housing Authority should also be able to connect you with the Homeownership Voucher program and local down‑payment assistance resources.
Because you’re on a tight timeline and have a specific loan amount, I would recommend meeting with a lender experienced with USDA loans and a local real‑estate professional who can show you properties that meet the guidelines. They can also advise whether a construction‑to‑permanent loan makes sense or if existing inventory might work better.
Best of luck with your home search.
While I'm not a lender or attorney, I can share some general information that may help. USDA Rural Development loans have strict property requirements, and not every lender is set up to do the construction‑to‑permanent version. The Rural Development office in your state can provide a list of approved lenders and builders who work with their Single Family Housing program. If the local office you’ve spoken with doesn’t process construction loans, it may be worth calling the state USDA office directly to ask which lenders in your area offer that option.
HUD doesn’t require you to use a special “HUD‑approved” real estate agent to buy a home, but they do certify housing counseling agencies. A HUD‑certified housing counselor can explain the programs you mentioned (USDA loans, Housing Choice/Homeownership Vouchers and any grants for people with disabilities) and help you put together a plan. You can search for counselors by state on HUD’s website. Your Public Housing Authority should also be able to connect you with the Homeownership Voucher program and local down‑payment assistance resources.
Because you’re on a tight timeline and have a specific loan amount, I would recommend meeting with a lender experienced with USDA loans and a local real‑estate professional who can show you properties that meet the guidelines. They can also advise whether a construction‑to‑permanent loan makes sense or if existing inventory might work better.
Best of luck with your home search.
- 3 weeks ago
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