United State Department Of Agriculture USDA home loans guarantees up to 102% Cottonwood CA Homes For Sale

Buyer's in the market for a new home, with limited funds available for downpayment, would be well advised to consider the USDA Rural Home Loan program. Zero downpayment is possible with this loan program.  These loans are designed for low to moderate income families. For example in the California North State the income range for a family of 4 is $46,650 to $73,600.  FICO scores of 620 are generally required.  USDA Rural Home Loan guaranteed loans have fixed interest rates with a 30 year term.  The loans are designed for new construction, rehabilitation or existing homes.  The loans are provided based on eligibility areas. These areas generally have populations between 10,000-25,000 or open country.  Therefore the California North State provides numerous areas of eligibility. Cottonwood Homes CA For Sale

This is not a commitment lend. This information is provided as a service by your Realtor.  A commitment to lend would be determined by completed application, AOC,buyer/ property eligibility and program status.