Does anyone have experience with a USDA 502 loan subsidy recapture after selling their home?

Share This

I have my certificate of eligibility and am ready to make an offer on a home, but I’m a little nervous about the recapture thing. It wasn’t explained to me very well in the interview. I will have just over 1% interest, so the recapture amount would probably be huge if I tried to sell the home down the road. Does anyone have any experience with this? Do they recapture the full amount, or only part of it, or what?

One comment to Does anyone have experience with a USDA 502 loan subsidy recapture after selling their home?

  • golferwhoworks  says:

    no just a portion but for many people it can be a large sum of money. They split it with you any gain in value. So refinance this home in just a few years if you can

Leave a reply