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Updated over 2 years ago on . Most recent reply

User Stats

9
Posts
7
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Abdul Mohammed
  • Investor
  • Louisville, KY
7
Votes |
9
Posts

5 units 2 buildings 1 parcel

Abdul Mohammed
  • Investor
  • Louisville, KY
Posted

I found a 5 unit property on a single parcel in the USDA zone, My question is about financing , am i still required to put 25% down with a USDA loan? Its an investment property, a 4plex and a sfh on the same lot.

Most Popular Reply

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Andrew Postell
Lender
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
6,316
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7,926
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Andrew Postell
Lender
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Abdul Mohammed yeah, nothing residential can go on this property. No FHA, no VA, no Fannie Mae, no USDA. This would be commercial all the way.

  • Andrew Postell
  • Loading replies...