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Updated over 9 years ago on . Most recent reply
FHA Loans/USDA Loans
When I buy my first investment property I plan to use one of these loans for financing. I know that both options have their own specifics involved but as an overall experience I would like to know how the process work for you when you financed deals with these loans. Could you adjust your down payment? Could you adjust your interest rates? How long did it take? Any hiccups?
Thank You!
Isaac Z Schulman
Most Popular Reply
Isaac,
Neither FHA nor USDA will allow for Investment property financing. Those programs are for primary residence financing only. They only way you could use either of those is to buy it and live in it.