Tag: paying off a second lien

Paying Off a Second Lien on a USDA Streamline Assist Loan

Question: Will USDA allow a second mortgage, which is a housing agency assistance loan, to be paid off using a RD Streamline Assist?  Answer: Unfortunately, you cannot include the second lien unless they subordinate it to the USDA loan. This is from the USDA FAQ’s: Can existing subordinate “silent” seconds be included in the loan […]

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