No, sorry, you cannot. That would be an income producing property and USDA doesn't allow. There are loans for as little as 3% down if you can manage that. You might also qualify for a down payment assistance program for an additional 2%. Good luck!
May 21st 2014Rates:
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Nope - can't do it with a USDA Rural Development loan. But you can with an FHA loan. As a matter of fact you can finance up to a 4-unit with FHA with only 3.5% down.
May 22nd 2014