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Can second time buyers get USDA mortgages

I do not own a home currently. Lost my home in a divorce in 2010 but now I'm ready to buy again. I'm looking in more rural areas so I'm interested in USDa for the zero down option. Can I do it or is the USDA loan a first time buyer only type thing? by larsson.kate7623643 from New Baltimore, New York. Dec 8th 2014 Reply


Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#77 ranked lender in Florida - 2,240 contributions

Hello. You do not have to be a first time home buyer to do a USDA loan. We are in NY, feel free to reach out to us to discuss getting you approved for a USDA loan. Michelle 845-323-2069 or Team@BestMortgageOption.com

Dec 8th 2014
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Joseph Afonso (jafonso)
#63 ranked lender in Arizona - 197 contributions

Yes, you can finance a property using USDA as long as you meet the guidelines. We are located in AZ and I recommend you speak to a local lender about your financing options.

Dec 8th 2014
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Yvonne Lutz (YvonneLutz)
#119 ranked lender in New York - 11 contributions

Yes, you can buy a home using USDA even if it is not your first home. There are income limitations and the property just has to be eligible. I am with Guaranteed Rate if you would like for me to look at your options, I can be reached at 315-369-5146. Good luck!

Dec 8th 2014
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

Yes, if your income and location fit the guidelines, you are fine.

Dec 8th 2014
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

USDA is not restricted to first time home buyers.. so you should be ok so long as you meet all other eligibility requirements.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Dec 9th 2014
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