Forgotten Your Password?

Need to Register?

Question Icon

can you qualify for a USDA loan if it will be your second home?

by paula137 from Chandler, Arizona. Aug 7th 2018 Reply

William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,716 contributions

More info needed.. What do you mean by "2nd home".. USDA loans are for primary residence purchase homes only.. There is income restrictions as well.. It's intended for low income borrowers.. But by 2nd home, do you mean a vacation home? If so, then the answer is no.. if you owned a home in the past, or you currently own a home that you will sell prior to purchasing a home using USDA, then that is allowable so long as you meet all other eligibility requirements.. Also understand that USDA loans are for home only located within the designated USDA defined area's. Let me know If I can help.. i'm here locally.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

Aug 7th 2018

No USDA primary residence only

Aug 8th 2018
Dan Paladin (dpaladin)
#1 ranked lender in California - 579 contributions

As pointed home would have to be a primary home....

Aug 10th 2018
Subscribe to our news feed.