Home Buying in Walker>Question Details

Shannon Gull…, Both Buyer and Seller in Baton Rouge, LA

Buying a new primary home after Rural Development.

Asked by Shannon Gulley, Baton Rouge, LA Wed Feb 12, 2014

I bought my first house with a Guaranteed Rural Development loan in August 2011. It is a 2 bedroom 1 bath 995 sq ft I have since gotten married and have a step son. Step son does not live with us full time but every other weekend and most of the summer. The 2 bdrm 1 bath house is just too small for us now. Can we purchase a second primary home with a FHA or Conventional loan and rent out to 2 bdrm? Am I required to sell the 2 bdrm since it will not be owner occupied? Can you have an RD and FHA loan at the same time?

FIY- We CAN NOT sell the 2 bdrm house FIRST. We have goats that would keep us from renting out a temporary house between selling and buying. Buying then selling/renting is the only option. I realize we would have to qualify for both mortgages first.

Help the community by answering this question:


Please contact Kenny dykes with Homeowners mortgage in Baton Rouge. dykes.kenny@gmail.com (225) 328-8995. He is great at working the different programs and I am positive he will give you good advice.
0 votes Thank Flag Link Wed Feb 12, 2014
The general answer to your question is yes; you can purchase a a second home and rent out the other property. Whether it is USDA, FHA, or Conventional--you just need to fight the program that fits your individual needs best. In order to answer your questions completely we would have to examine your situation. Feel free to contact me at 720-279-8857 or dricketts@englending.com, as we have the ability to lend in all 50 states. :)


0 votes Thank Flag Link Wed Feb 12, 2014
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