Home Buying in Electra>Question Details

Cbil, Home Buyer in Electra, TX

If I have rental property can I still get a usda loan If I live in the property as my primary residence?

Asked by Cbil, Electra, TX Wed Aug 24, 2011

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Cbil,

According to one of my trusted loan officers, yes and there is no limit on the number of rental properties that you own. But any income from the renal properties will count agains the income cap on the USDA loan. Give Rachel collins with Cendera at 214-460-7109 and she would be glad to answer any questions you may have about USDA loans.

Best of luck .. Bruce 214-213-6382
0 votes Thank Flag Link Wed Aug 24, 2011
Best to confer all your questions to mortgage broker who will review your loan application .

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Wed Aug 24, 2011
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