USDA vs conventional : RealEstate


So here’s my situation.

I currently have ~45k liquid cash in my savings account including my emergency fund. I’m shopping for houses in the 170-190k range. My plan was basically to do a conventional 20% down loan, and do all my haggling with closing cost credit in order to keep cash on hand.

The loan officer from my bank is pushing me towards a USDA loan since I meet all of the qualifications, but it seems to me starting off with 0% down (no equity) and paying MIP isn’t worth it unless theres like a 0% chance I get closing cost credit from the seller.

Any thoughts / advice would be greatly appreciated.



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