Buying a multifamily residence and financing repair w/ USDA loan?

[Luis Barahona]

Hi,

I found an off-market duplex that is in a USDA eligible area. I'm wondering if it'd be possible to use a USDA loan to finance both the loan and the rehab costs. I plan to live in one of the units and rent out the second one.

Here are the details of the property:

Purchase Price: $250,000

Rehab estimate: $100,000

After-Repair Value: $450,000

Rental Income (from vacant unit): $2,600

Would 100% financing be possible through USDA? Can I roll my closing costs into the loan? Also, can I roll-in the lost rents from the 3 to 6 months that the unit will sit vacant?