Questions concerning USDA loan

[Justin Frye]

Hello everyone my name is Justin I'm a newbie investor who's on the verge of my first purchase of a single family home. I had some questions concerning a USDA loan, I currently live in a newer condo which is in my girlfriends name so I'm not looking to occupy the house upon buying it. I would like to know if there is any possibilities of still getting the loan with the intention of occupation and renting it out. The reason I chose a USDA loan as most people know doesn't require and money down. Are they any loopholes in which I could get the house and rent it out without actually physically occupying it. Any and advice would be greatly appreciated thanks:)

[Asa Gunderman]

Nope, the only way to use a USDA loan for non owner occupancy is to go the commercial route with a 5+ unit building and it won't be 100% financing. I've known people who tried to use their va loan like you are suggesting and found themselves with a letter stating they had to move into the property immediately or risk losing it. I imagine USDA would do the same.