can i rent out a usda-purchased home
i did not buy it with the intention of making it a "investment" but am moving so i want to be able to hold on to the other house while making some income off of it. so can i rent the property or is that against usda guidelines? by troni13lon78423655 from Chicopee, Massachusetts. Jun 23rd 2014
Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions
If you have lived in it for at least 12 months, it should not be a problem.
John Moran (SimplifyMortgage)
#7 ranked lender in Arizona - 663 contributions
Most lenders don't have an issue with this type of situation if you occupied the property for at least 12 months, regardless of the loan. If you "lived" in it for a month, they might take issue.
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