Can usda loans work for investment properties?

USDA is for primary residence on a single family home only. For investment properties, FHA allows you to purchase a duplex, triplex or 4plex, so long as you live in one unit. Under this program you only need 3.5% down payment.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Unfortunately, no. USDA is only for primary residences. Investment properties can only be bought with Conventional loans. Government loans in general (VA only exception) require you to use them only on primary residences. You can only hold one FHA and one USDA loan at a time. VA you can hold up to the total amount of your entitlement used. It's rare to see two VA loans on one veteran, however, it can be done! Hope this helps. Call me or email me if you have any questions further. Looking forward to helping you through this. (BTW, Bloomington is not on the approved USDA list - you have to be well outside town away from any real civilization to qualify).

Special program for Primary residence only

Primary residence only.

USDA is strictly for primary residence only. This is a program meant to help homeowners with little or no money to use towards the purchase of a home. The homepath program might be an option for you. Some banks will allow you to purchase with 5% down investment property.

No, i'm sorry but USDA is only for the purchase of a primary residence only. An investment property can be purchased for as little as 15% down.

No, USDA is only for owner occupied properties.