Updated about 9 years ago on . Most recent reply
Getting started
After doing some research for a few months, I wanted to follow the steps of taking out a USDA loan for an owner occupied multi-family property. Later speaking with a local realtor, I somehow missed how many areas close to my current residence are ineligible for USDA loans and I was educated that my search would need to move south towards Middletown area. Living in Wilmington, Middletown is a bit out of the way but if it is what I have to do to get started I'm willing. Only issue I have is when I'm doing an online search of multi-family homes in the state of Delaware, I find mf properties everywhere but in Middletown.. I'm not in a position to make a large down payment and that's the reason for interest in the USDA loan. Just looking for any advice out there from the BP community, thanks in advance!
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You could also try using an FHA loan.