USDA multifamily lenders

2 Replies

many good recommendation for companies that do USDA multifamily financing in Missouri? None of my local banks do it, but I have found others in different states license for Missouri in the past. Looking for some good lenders

From past experience, the USDA loans were specific to an area, so it may not be the bank unwilling to cooperate. Are you sure that the home you're purchasing falls within to the parameters set by the USDA?

This is a link of what I found for USDA multifamily properties:

https://www.rd.usda.gov/programs-services/multi-family-housing-loan-guarantees

The person I know is Ron Yarborough with Prime Lending - he is currently officed in Camdenton Missouri, previously he was in the KC metro so I am sure he can lend just about anywhere in Missouri and he offers USDA loans.

The property must be in a location that qualifies for USDA .