Mortgage for owner operator for house??

Congrats on a excellent credit score .That score is not seen by most .

 

849 to be exact...Thanks Alot.I worked hard to get it there..

 

Wow 850 is the highest so you have a perfect score .
I did all the tricks you can do and got my score to 740 . Was told over 750 was hard to do mostly people with a lot of cash in bank do get it . So i would guess you sold the house and had a lot of cash from it and that is what made it so high . I am sure now with the mortgage and that cash put down and not in savings account the score went down but still will be high

 

Yes.I keep an open credit on only 2 credit cards.I have 1 loan on house and the rest is in the bank.

 

The more credit cards you open the higher your score will go and you don't have to use them . Never close a card that will bring your score down

 

Yes,thats how i did it...Having the ''cash'' is a huge help too...CASH DOWN talks...

 

You can always find financing, IF you are willing to pay the price. There is somebody, somewhere, who will lend you the money, just have to find them.
Seems to me like I can always borrow money easiest when I do not need it, but when I HAVE to have it, very hard to find.

 

That tower rent is cheap.......I'm not saying don't do it, just an observation. A cell tower in Texas has to have 1 acre of land for the guide wires and access and normally fetches $1500 / mo. ( no free service though ) You may not be able to "use" the land the tower occupies. Depends on the contract.

I would have an expert look at the rent contract on the tower ...eventually. Shop the legal profession in your area for a lawyer whom specializes in this field.

JMO and good luck! Sounds like a deal !

 

A USDA loan must be "address eligible" And u must meet income requirements also. And OP already said his adjusted income was below poverty line, so it may not be likely. If im not mistaken ALL USDA loans are no money down. FHA loans require at least %3.5 down. You can check online to see if property your trying to buy is USDA eligible.