Updated about 11 years ago on . Most recent reply
USDA Loan and occupancy
I am trying to find information on the rules regarding occupancy for USDA Loans and would like to hear from anyone who has used one in the past. My concern at the moment is that I cannot find anything on the USDA site that actually says you only need to live there one year before you can rent it out. Everything I have read on the loan app, and on the USDA site it must owner occupied. Can anyone explain why this one year rule that I find quite often on this site?