Usda 502 loan question (Need to clarify question for someone)

Hopefully some one can help with this I am asking for a elderly relative who is trying to get a home for thier disabled adult child.

This person talked to the usda loan person for their area and from what they said they were told was that all money they had in the Bank would have to be used as a down payment is this correct?

Or was it a misunderstanding

submitted by /u/flint76
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Hopefully some one can help with this I am asking for a elderly relative who is trying to get a home for thier disabled adult child. This person talked to the usda loan person for their area and from what they said they were told was that all money they had in the Bank would have to be used as a down payment is this correct? Or was it a misunderstanding submitted by /u/flint76 [link] [comments]

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