Sometimes feels like you need the stars to align just right...
That’s the truth. I’ve seen more deals fall apart over a missing GFCI outlet than I care to admit. The property standards for USDA and RHS loans can be a bit like playing “spot the difference”—except the inspector always wins. On the flip side, you’re right, it does weed out the homes that might have you calling a contractor every other week.
But I’ll say, sometimes sellers are more willing to negotiate repairs if they know you’re using a loan with stricter guidelines. Not always, but I’ve seen it happen. It’s a bit of a dance—sometimes you get lucky, sometimes you’re left holding your inspection report and wondering if you should’ve just gone FHA and called it a day.
At least with RHS, if you do find the right house, the lower mortgage insurance can save you some serious cash over time. Just gotta survive the inspection gauntlet first...
Just gotta survive the inspection gauntlet first...
That “inspection gauntlet” line is spot on. I’ve watched friends get tripped up by the tiniest things—like a loose handrail or peeling paint. It’s wild how picky those guidelines can be. But yeah, the lower mortgage insurance with RHS is a game changer over the long haul. I do think it’s worth the hassle if you’re patient and your credit’s in decent shape. Still, sometimes I wonder if the stress is worth it when FHA feels a bit more forgiving on the property side... but then again, those monthly savings add up fast.
