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Updated almost 3 years ago, 02/27/2022

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1
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Jamie Eshleman
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1
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Using a USDA loan for a house hack

Jamie Eshleman
Posted

I currently have two properties that I acquired via househacking using an FHA loan. I currently have an FHA loan out on the duplex I live in with a 2.25% interest rate and don't want to refinance out of it if I don't have to.

I am looking/curious about acquiring a third property through a USDA loan house hack. I was wondering if anyone has any experience doing this or going through the USDA loan process. If so, did you face any obstacles using a USDA loan that you wouldn't experience with a conventional, ARM, or FHA loan?

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35
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Eric Heinen
Pro Member
  • Fargo, ND
15
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35
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Eric Heinen
Pro Member
  • Fargo, ND
Replied

Great question!  Hopefully someone has answers.

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Replied

Wow, is the limited amount of information on this be because it's near to impossible? I'm under contract, closing is set for March 14 2022, and I'm scratching my head and coming up empty, but I know it's just my lack of creativity, I'm exploring storage income also? Everything helps, thank you... Noob.

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