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Updated over 6 years ago,
USDA MULTIFAMILY/ Primary home Loan guarantree expert needed
Hi there,
I am looking at financing a very unique property. Currently it is 6 units on 22 acres in a Designated rural area of Southern Florida. I am intrigued with the USDA loan guarantee programs. I can only find info on the single family program other than on the USDA website. Does anybody have any details on the Multifamily side and what it required to qualify for this program? I am curious which would be easier, as I will be living there, and could convert to 4 units for the single family designation but preferably would keep as 6 units for rental income.
Are there any lenders who know both these programs in Florida? Thanks!