Rural Development Repair and Rehabilitation Loan! Buying with USDA Home Renovation Loans

The Rural Development Repair and Rehabilitation Loans from USDA is a great way to buy a house with no money down and fix it up! In this video, I discuss what renovations you can make with the rural development loan, how the USDA purchase and rehab works and what homes qualify!
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Check Income Limits in Your Area: eligibility.sc.egov.usda.gov/...
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Hi, I’m Nicole Nark, a full-time Realtor® at HomeWay Realty Realty in Little Rock. I came to Little Rock with the love of my life, I am a proud Mom of two furbabies (Mini Schnauzer Mix and German Shepard), a Graduate of Communications from the University of Arkansas-Fayetteville and Honor Graduate of Arkansas Real Estate School in Little Rock.
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[@farmfitnesspham4913]

Thanks you for the effort and time you made this video I am very appreciative for the help

[@kevinquarles6824]

Great video👍

[@mariahhenry8878]

Thank you for breaking this down! So you mentioned that the property is just for living, what about the land? Could it be used for farming and non-profit ventures for the community? Especially in rural communities? OR is there another loan?

[@NotJustNinjas]

We've heard it established that it can't be an income property such as a store, business, or a farm. Have you ever heard of a duplex, a property with two dwelling areas qualifying for one of these? Thanks.

[@eatsandtreatswitheugenia242]

When getting a home loan can you use any left over money to pay for new furniture?

[@christinastallings5351]

Hi Nicole! I live in a very very rural county in Missouri with hardly any house choices. My question is, could this rehab loan be used for an add-ons to the home. For example if I could only find a 2 bedroom home, could I use this loan to add on an additional bedroom? Thanks so much!

[@racingvenny1151]

Your the Best!

[@timothybockhoff1075]

Would this apply to a home with a determined non working septic system?

[@naspulley8411]

Hi Nicole, with this repair and rehabilitation loan if I make this home my primary residence is there a certain amount of time I have to live in this home before considering selling it? If so, how long?

[@michaelolsen4733]

Is this loan type hard to qualify for? Is it the same as a standard usda loan?

[@samuelkissibaah9908]

Can it be used for multifamily properties 1-4 owner occupied?

[@crystallovesion]

What about a manufactured home on its own property or set as real property can you still use the rehab loan for that?

[@katishawilliams8009]

I found a house for forty thousand on 3 acres in the country but it is unlivable because the roof leaks and as caused mold. Is this covered under the rehab loan

[@ehmpressazzi369]

Godsend 😇

[@dustinthemodernviking5722]

I own property in rural Southern Missouri that has a home on it that is in disrepair and not at all livable. I want to make it livable so i can move in. Will this be good for me?

[@donaldcopley2124]

hi my name is don i have a question i'am in the process of buying a house thru a guaranteed usda renovation loan what is the basis of how much money that i'm eligible for my loan officer is only looking 2 issues with the but there is several other issues and i need those covered to and she tells me if i go the route of taking care all those issues it would be a full renovation loan and require a 3.5% down payment is that right is there 2 types of renovation loans? could you please help me

[@caryn9561]

I only need the repair loan the house is bought in cash .Can i still do it?

[@deadheadri5779]

Very Nice presentation! Quick question if I may.. I'm searching in Maine for a property, and bc of the extreme winters I may need to build a garage. Can this be financed into this loan, or do you have any suggestions?

[@tashadavis2491]

Hi i live in NC is there a program usda and im currently in a chapter 13, thanks

[@CambiandoTuVidaParaBien]

Hello, thank you for this great inf, I'm a investor/agent in new york, but I'm trying to move to like a rural area, please let me know if you have any opportunities,