I currently have GE, but it’s eligible for renewal in January. I don’t live terribly far away from the interview center for Nexus. Debating whether or not to switch to nexus or stick with GE. I’ve never been to Canada before, but might be traveling there more once I’m at my legacy…
Any thoughts?
Hey guys,
So I saw on TikTok the USDA home loan that if you buy in an eligible rural area you can buy a house $0 down. I currently live with my gf and we are unmarried couple. Individually we are below the income limit threshold for a USDA loan but combined we are above the amount.
Would it be a dumb decision if moved out, bought a $420K house using the USDA on my own on a $91,120 salary? My gf would then remain at her place until the lease is up and join me sometime next year.
I’m expecting to get a raise in a few months to $120k at a new company. My year 2 pay ($190k) would put me over the limit for a USDA loan so I’d have to act sooner rather than later. I have no debt at all and rough estimate for mortgage payment is looking like $3300. I have $16k set aside that I was gonna use towards house stuff anyways. $15k in emergency savings. Monthly Expenses pretty low prob like $1500 between bills.
Tldr; buy house now on USDA before I’m ineligible?