Home Loans Arizona - California - Nevada - Utah

When to get pre-qualified to buy a house. You should do this step first so you know if you are in the position to buy a house or need to work on your credit, income, and assets. There is no point in looking at houses if do not know if you can purchase or not. 

A podcast about credit: https://www.podbean.com/eu/pb-dmrsg-d6deaa

A podcast about down payment https://www.podbean.com/eu/pb-3ims7-d79025

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Nathan Rufty
Mortgage Loan Originator 

USDA Loans in Riverside County, California

What does USDA Loans in Riverside County offer? 

Who in Riverside County may apply for the USDA Program?

• Meet income-eligibility
• Agree to personally occupy the dwelling as their primary residence
• Be a U.S. Citizen, U.S. non-citizen national or Qualified Alien
• Have the legal capacity to incur the loan obligation
• Have not been suspended or debarred from participation in federal programs
• Demonstrate the willingness to meet credit obligations in a timely manner
• Purchase a property that meets all program criteria
• What is an eligible area?
• Check eligible addresses for the loan guarantees.

How may USDA Loan funds be used?

• New or existing residential property to be used as a permanent residence.  Closing cost and reasonable/customary expenses associated with the purchase may be included in the transaction
• A site with a new or existing dwelling
• Repairs and rehabilitation when associated with the purchase of an existing dwelling
• Refinancing of eligible loans
• Special design features or permanently installed equipment to accommodate a household member who has a physical disability
• Reasonable and customary connection fees, assessments or the pro rata installment cost for utilities such as water, sewer, electricity and gas for which the buyer is liable
• A pro rata share of real estate taxes that is due and payable on the property at the time of loan closing.  Funds can be allowed for the establishment of escrow accounts for real estate taxes and/or hazard and flood insurance premiums
• Essential household equipment such as wall-to-wall carpeting, ovens, ranges, refrigerators, washers, dryers, heating and cooling equipment as long as the equipment is conveyed with the dwelling
• Purchasing and installing measures to promote energy efficiency (e.g. insulation, double-paned glass and solar panels)
• Installing fixed broadband service to the household as long as the equipment is conveyed with the dwelling
• Site preparation costs, including grading, foundation plantings, seeding or sod installation, trees, walks, fences and driveways

How do we get started with a USDA Loan in Riverside County, California?