Financing in 19464>Question Details

Rich Brunner, Both Buyer and Seller in Brunnerville, PA

Can a Fannie mae property be financed with a USDA loan?

Asked by Rich Brunner, Brunnerville, PA Sat Feb 15, 2014

Will Fannie Mae approve a loan with usda?

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Hi Rich,

Yes, as long as the property meets USDA guidelines. As Janice pointed out, you should take a look at Fannie Mae financing options, as well and choose the loan program that best meets your needs.

~ Best wishes, Elva A. Wormley, Mortgage Consultant, (408) 615-8500,,
C2 Financial Corporation, 2845 Moorpark Avenue, Suite 209, San Jose, CA 95128, NMLS #331981 / BRE #01274093
0 votes Thank Flag Link Sun Feb 16, 2014

Regarding USDA being slow. Their turnaround time is currently down to 12 days.

0 votes Thank Flag Link Sun Feb 16, 2014
As long as you and the property meet the USDA qualification and you set appropriate timelines for closing. USDA loans are notoriously slow, so get a realistic closing time from your lender with your pre-approval.
0 votes Thank Flag Link Sat Feb 15, 2014
You can get financing through your lender of choice when purchasing. If the area of the home falls within the USDA borders you can use them for financing. Fannie Mae does offer some benefits so it's also good to look at what that mortgage would be as well. Good Luck with your purchase!
0 votes Thank Flag Link Sat Feb 15, 2014
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