Looking for some insight from a lender. I want to use a USDA home loan. My husband and I own a duplex and a SFH. I've seen that it's meant for first time home buyers but there are some exceptions like if your current home is more than 50 miles from your work. My husband has an army deployment coming up and I want to move home and live in a USDA property. I have a job on standby and can get a note of employment. Will I be able to qualify for a USDA home loan?
Hi Cassandra, I'm afraid it's really impossible to answer that question without having a lender review your credit and income documents to ensure you meet the USDA DTI requirements.
You mentioned your husband was leaving for a deployment, why not use the VA loan if you're looking for 0 down?