Right now, there are dozens of properties in the Santa Clarita Valley that are eligible for 100% financing through the USDA Guaranteed Rural loan program. Many of these properties are not run-down, dilapidated, dumpy REO's or short sales but rather move-in ready, equity sales with really motivated sellers.
Set in the foothills of the Santa Susana mountains in Santa Clarita Valley, lies the little community of Stevenson Ranch. Often referred to as part of the city of Santa Clarita, Stevenson Ranch is actually not within the the Santa Clarita city limits but is instead an unincorporated area of Los Angeles County.
One of the best things about Stevenson Ranch is that it is eligible for 100% financing through the USDA Guaranteed Rural Home Loan program however it rarely has very many properties that come up.
The USDA Rural Guaranteed program extends 100% financing opportunities to help low-medium income residents purchase homes with no down payment required and no monthly mortgage insurance (MI).
This program is only available in designated USDA eligible areas, like Stevenson Ranch. There are also income limit guidelines that applicants must qualify for to be eligible to apply. These income limits are based on 115% of the median income for that county as well as family size.
This lovely 3bd/3ba home has more than 1,800 sq. ft. of living space on a nearly 9,000 sq. ft. lot. This incredible two-story home has an upgraded kitchen and baths with new counters and cabinets and flooring.
One of the best features of this wonderful home are the views of the from the back yard.
Comparable rents in this neighborhood for similar properties runs from $2,600-$2,800 a month. For less than $2,300 (PIT-no MI for USDA) a month, you could own this incredible home.
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