The eligible property types are:
• 1 to 2-unit properties
• Fannie Mae/Freddie Mac-warrantable condominiums
• Planned Unit Developments (PUD)
• Manufactured homes (double-wide only)
Max loan to value ratio for Second homes is 90%.
Max loan to value ratio for Investment property is 85%.
If you are looking to acquire an investment property this is a great program for it!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
USDA is a 100% government insured loan. Low rates, and no down payment. However, there…
The bad news is that according to Redfin, 38% of U.S. renters don’t believe they’ll…
In Texas we have some unusual rules when it comes to getting cash out of…
If you pay your property taxes apart from your mortgage payment, and you didn’t get…
If you purchased a home using your own cash, and now would like to pull…
Did you realize that when buying a house from an immediate family member – the…
