January 9th, 2019 4:02 PM by Nathan Rufty
If you are looking to purchase a home in the city of Blythe, California then you may need to learn more about USDA home loan. United States Department of Agriculture or USDA Home loan program is a zero down payment mortgage for eligible rural and suburban homebuyers. USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture.
This program assists approved lenders in providing low- and moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas. Eligible applicants may build, rehabilitate, improve or relocate a dwelling in an eligible rural area. The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% loans to eligible rural homebuyers.
USDA Rural Development is offering this home loan programs in Blythe CA because it helps lenders work with low and moderate income families living in rural areas to make homeownership a reality. Providing affordable homeownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas.
To apply for this program, please contact Nathan Rufty at 909-503-5600.