are second properties eligible for usda?

USDA is intended for owner occupied properties for low income borrowers.. If you currently own a home now, you would most likely not qualify.. The applicant must: (a) Be a person who does not own a dwelling in the local commuting area or owns a dwelling which is not structurally sound, functionally adequate. This is the only exception for USDA to own a 2nd home.. VA, FHA, and conventional all allow 2nd home purchases.. if the new home will be your primary residence, then VA is Zero down (must have VA benefits available), FHA is 3.5% down, and Conventional is 5% down. If this new home will not be your primary residence, then you must put 15% or more down, depending on lender requirements.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Sounds like the issue is that this will be a 2nd home. William provided a lot of info above, and the bottom line is you generally can't own two homes and your "primary home" must be within commuting distance of where you work