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Is there a timeframe after having a USDA loan until you can get another?

by ladonnatimms987 from Ringgold, Georgia. May 22nd 2016 Reply


Lorne Harvey (lorneharvey)
#77 ranked lender in Washington - 439 contributions

There is no waiting period, once you sell the home that is financed with a USDA loan, you can apply for another one.

May 23rd 2016
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William J Acres (William_Acres)
#75 ranked lender in Arizona - 8,728 contributions

No, but in most cases, you cannot have more than one USDA loan at a time.. There is a waiting period if you had a USDA foreclosure.. typically, 3 years, but lenders might make you wait longer.. 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 NMLS# 226347

May 23rd 2016
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Jericho Cherry (Jerichocherry)
#54 ranked lender in Virginia - 1,107 contributions

The simple answer is no but only one at a time.

May 23rd 2016
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,852 contributions

There is no waiting period. You can close on the sale of your house at 9:00 AM and close on the buy of a new house at 10:00 AM. For USDA loans in MN, WI, and SD, visit me at www.JoeMetzler.com/usda

May 24th 2016
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