100% Financing is still Alive!!!

Mortgage and Lending with Franklin Loan Center

U.S.D.A Financing

Here are some of the parameters of the USDA programs. Only selected lenders

are able to offer this program, and the home must be located in a low‐ to

moderate income level territory, as well as meet the income level restrictions.

Most properties are located in places like; Indio, Coachella, Salton City, Thermal,

Calimesa, Cabazon, Desert Hot Springs, Running Springs, Crestline, Big Bear, Lake

Arrowhead, Blythe, Yucca Valley, 29 Palms, Joshua Tree, Homeland and other unincorporated

areas of San Bernardino and Riverside Counties.

Income limits apply, and they are the same for Riverside and San Bernardino

Counties. A $480.00 dollar deduction per child applies to the income limits listed

below. This is used in order to reduce income to qualify. There are additional

deductions for elderly, medical and child care.

New Income Limits

(per household)

(1 person) (2person) (3person) (4person) (5person) (6person)

$53,600 $61,300 $68,950 $76,600 $82,750 $88,850

: Single family only, no units.

: 100% financing (no down payment required)

: Maximum loan to 102%

: Loan can include closing costs if appraisal exceeds the sales price

: No monthly mortgage insurance

: No maximum sales price. (Income limits will determine)

: No limit to seller contribution

: Minimum Fico score 620, (exceptions are made!)

: Primary Residences Only

: 30 Year fixed Programs Only ( No Pre‐Pay Penalties )

: Liberal qualifying ratios

You can contact Andrew Wardwell anytime for questions and pre‐qualification.

Andrew Wardwell (cell) 310‐621‐2984 or (office) 760‐779‐8135

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