HUD Home! Disclosures: USDA is requiring for all loans with assumable liens to be paid in full at close of escrow. Since HUD will only pay the installment lien up to the close of escrow, it is the buyers responsibility to verify with the lender the terms and conditions of the USDA loan. If USDA does not allow purchaser to assume the balance, the purchaser has the option to pay the balance in full or seek other financing options. Buyers and Buyers Agent to verify all information.
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