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Updated over 5 years ago,

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Multi-Family USDA Loan in Ohio? How to get?

Maxwell Hodgkins
Posted

Hi,

I am a little new to this. I did a search before I posted this thread, but could not find the info I am looking for.

I am wondering how to get a USDA Loan in Ohio for Multi-Family?

My wife and I have excellent credit and have chosen a part of Ohio that is in the USDA Loan program.  From what I understand, the USDA will do a loan for a non-owner occupied Multifamily for 10% down. Though we will live in the 1st Multi-Family for a short time, we want to "save" a residential loan for when we find a 2nd Multi-Family that is just right for us.  

Also, anyone who has any experiences with USDA loans in general. I welcome to hear how smooth/rough the process was.