When using a usda loan can you get your ernest money and inspection money back at closing?

You can get the earnest money back, but not the inspection fee. The way you do that is to structure the purchase agreement and ask the sellers to pay the closing costs and pre-paid items up to an amount which includes enough left to pay you the earnest money back at closing. OR, you can increase the loan amount above the purchase price enough so there is some left over. I mainly do USDA loan. Call me and I can explain in detail what must be done in order for this to work for you.Jack ShieldsHome Place Mortgage(256) 749-7948

Work with Jack Shields.

Yes to both it's all in how you structure. Call me 205 585 0173

Yes, if the seller is paying enough of your closing costs you will be allowed back your earnest money at closing. However you would not be able to get back your inspection fee. Also, USDA allows you to go up to 100% of the appraised value above the purchase price to cover closing costs and pre-paid items if the seller is not paying closing costs. I would speak with a local loan officer and have them give you a full pre-approval so you know what your best options are. Best wishes, Sean