possibility i'll be able to get a usda mortgatge in new york?
they are zero down right? for usda areas but i'm in NY proper. looking upstate and have 741 credit. pretty good but in a significant amount of debt but if i sell and get a less expensive house like i'm planning paying off debt and then some will be no problem. i also am aware of the income cap - i am retiring next month and will be living off of savings. hopefully that is no problem. by jay.malik843499 from Brooklyn, New York. Oct 13th 2014
Dave Metsker (DaveMetsker)
#36 ranked lender in Oregon - 2,318 contributions
Savings in the bank is not a valid source of income. You will need verifiable monthly income, such as social security or retirement.
James Barath (JamesBarath)
#9 ranked lender in Indiana - 352 contributions
Upstate NY is a broad area. Speak with a local mortgage professional who can guide you through the USDA home loan process and verify whether an area is USDA eligible or not. Congratulations on retirement.
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