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Work from home

What Can You Buy to Work From Home?

The house has to be a Single Family Dwelling. It can’t be a duplex or multi-family to work from home, but it can be any of the following:

  • Single-family
  • Manufactured
  • Modular
  • Mobile home
  • Condo

As long as it’s secured on the foundation and must meet the HUD 4000.1 standards – Housing Urban Development makes these standards each year.

Keep in mind that some foreclosures, short-sales, and fixer-uppers may not meet these standards and won’t qualify.

There is no maximum purchase price; if you make a large amount of money and have less debt, you can still qualify in a high-cost area to work from home.

Why You Should Consider USDA Rural Development 100 Percent Financing Loan

There are no acreage limits on credit and debit, but it must be typical for the area. For example, if homes in your area are usually 10 acres, and you’re trying to buy in that area, you could qualify for this; however, if the homes in your area typically include a 1-acre lot and you wanted to “buy the premium lot with 20 acres” may be more challenging to finance; we’re not saying it’s impossible.

With that said, if you were looking to acquire a farm or work from home, that might require a different loan. So here, you can search for RD-eligible areas.

No seasoning rules – Unlike some government-backed loans like FHA loans, there are no seasoning rules, meaning: if you wanted to purchase a home that was recently flipped or renovated, this is fine.

The work from home property must be located in a rural area, for example, have a population under 30,000, or when you drive around, it’s a primarily rural community. Suburban cities would have a better likelihood to qualify than in a metro area.

How Do You Qualify? 

Find a lender in your area who USDA approves your credit and debit to get you qualified. You don’t need to go through a lender; you can also go to USDA direct, essentially, and get the same loan terms: 100% financing and a $0 down payment. Each has its downsides and benefits to work from home, but it’s your decision.