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Updated almost 4 years ago on . Most recent reply

Alex Schar's profile image
Alex Schar's profile image
Alex Schar
  • New to Real Estate
  • from Dallas, Texas
  • Member since Nov 3, 2020
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7
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2
Votes
Alex Schar's profile image
Alex Schar's profile image
Alex Schar
  • New to Real Estate
  • from Dallas, Texas
  • Member since Nov 3, 2020
Connect
Alex Schar
  • New to Real Estate
  • Dallas, TX
2
Votes |
7
Posts
Starting Out

USDA Loan Confusion 16 Unit Rural Senior living home Need Help

Alex Schar
  • New to Real Estate
  • Dallas, TX
Posted

I'm trying to purchase a 16 unit senior home that is currently enrolled into the USDA Rural development program. All of the lenders I have spoken to say they can only lend on a 1-4 unit property. Who do I need to talk to get a loan on this property? Is there anything else I should know? I've heard you have to live in it for a year but I'm pretty sure that's just FHA? Anyone done this before?

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