Home Loans California - Arizona - Utah

How to buy a house in the mountain community in the San Bernardino County in Southern California. Want the ability to buy a house with no money for the down payment? Explore the USDA home loan purchase program.

Click on the Image Below to watch a video about the USDA home loan program that is available in Angelus Oaks, Big Bear City, Big Bear Lake, Blue Jay, Cedar Glen, Cedarpines Park, Crestline, Fawnskin, Forest Falls, Green Valley Lake, Lake Arrowhead, Lyle Creek, Rim Forest, Running Springs, Sky Forest, Sugarloaf, Twin Peaks and Wrightwood.


Limited on funds to buy a house, then the USDA home loan program may be the program for you. The property must be in an approved lending areas, watch the video to learn more about those approved lending areas. 

The benefits to the USDA purchase program is there is no money required for the down payment, can finance the closing cost if the appraised value comes in higher than the agreed upon purchase price. 

USDA program offers great rates to buy a house with limited funds to buy a house, if you are looking to buy an owner occupied property in California within San Bernardino County, what the enclosed video to learn about a great purchase program where you can own a home with very little money. 

Connect with me at 909-503-5600 to learn more about the USDA home loan program and see if this program is for you and if you qualify for the program. I look forward in hearing from you. 

Posted by Nathan Rufty on July 27th, 2022 3:34 PM

An FHA loan in Lake Havasu City, Arizona is a mortgage that’s insured by the Federal Housing Administration (FHA). They are popular especially among first time home buyers because they allow down payments of 3.5%. However, borrowers must pay mortgage insurance premiums, which protects the lender if a borrower defaults.

 

The FHA program was created in response to the rash of foreclosures and defaults that happened in 1930s; to provide mortgage lenders with adequate insurance; and to help stimulate the housing market by making loans accessible and affordable for people with less than stellar credit or a low down payment. Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.

 

The advantages of FHA home loans in Lake Havasu City, Arizona

The Federal Housing Administration offers three major benefits that make its loans worth pursuing — low down payments, low closing costs, and easy credit requirements. Where you may be required to put down 5% or more for a conventional home loan, FHA loans allow you to put down as little as 3.5%, or $3,500 per $100,000 you borrow.

 

In addition to low down payment requirements, FHA loans are often available to consumers with credit scores as low as 580. Consumers with scores lower than that may also be able to qualify, although they are generally required to put down 10% or more.

 

To make things even easier, FHA loans make it possible to qualify if you have other types of debts. While some conventional-mortgage lenders want your debt-to-income ratio (the amount of debt you have compared to your income as a percentage) to be below 36% including housing, FHA loans can be offered to consumers with a debt-to-income ratio of up to 43%.

 

Finally, don't forget that FHA loans are good for more than just traditional single-family residences. You can use an FHA home loan to purchase a multi-unit property with up to four units provided you plan to live in one of them, and you can also use this loan for a condo or manufactured home.

 

To get qualified for your FHA purchase home loan program  in Lake Havasu City, Arizona call Nathan Rufty at 909-503-5600

Posted by Nathan Rufty on July 27th, 2022 1:57 PM

If you are a veteran in Farmington, Utah, did you already know that you are able to get veteran loans with the some of the lowest rates around? There are so many people who qualify for these types of loans, but they may not realize it. These loans are available to veterans who served in World War II, the Korean and Vietnam Wars as well as those who were in service during the times of peace between these wars. For more information about what can qualify you for a loan, you can read more about that on the veteran's affairs website.

There are also differences between getting a veteran loan and just going to the nearest bank for a loan. For veteran loans, there is no need to worry if you don't have the best credit score because there are no FICO score requirements on the application. You can even get a loan if you are self-employed for your work, but you will just need to provide a few years of tax returns.


Another benefit for having a veteran loan is that you are going to get a very low interest rate. All loan lenders are competitive for your business and they want to do whatever they can to keep you with their company. Make sure that if you are looking to borrow from an institution that you make yourself aware of the benefits given to veterans and compare them against each other. Get a loan that will make your finances a little easier to manage and keep you free from stress.


You may be eligible for a VA loan by meeting one or more of the following requirements:

  • You have served 90 consecutive days of active service during wartime.
  • You have served 181 days of active service during peacetime.
  • You have 6 years of service in the National Guard or Reserves.
  • You are the spouse of a service member who has died in the line of duty or as a result of a service-related disability.

VA home loans in Farmington, Utah Benefits:

  1.  No down payment on a VA loan
  2.  No mortgage insurance for VA loans
  3.  VA loans have a government guarantee
  4.  You can shop for the best VA loan rates
  5.  VA loans don’t allow a prepayment penalty
  6.  VA mortgages come in many varieties
  7.  It’s easier to qualify for VA loans
  8.  VA loan closing costs are lower

To get started please contact Nathan Rufty at 909-503-5600.

Posted by Nathan Rufty on August 9th, 2021 10:31 AM

USDA home loans in St George, Utah are home loans guaranteed by the United States Department of Agriculture (USDA) provide affordable financing options for properties located in designated small towns, suburbs and exurbs. This program helps eligible low- to moderate-income families achieve home ownership by offering a no down payment option. The good news! Many great desirable areas just outside of St George, Utah is eligible zoning for the USDA rural development home loan.

The USDA loan program in St George, Utah was created to improve the economy and the quality of life in rural America. The USDA offers a 90% loan guarantee on RHS loans. Since that high percentage reduces risk, Financial Concepts Mortgage provides 100% loan financing with no down payments and low interest rates for qualified rural homebuyers. We’re happy to help homeowners in rural St George, Utah purchase primary residences that are safe, decent, and sanitary. 

USDA home loans in St George, Utah Benefits:

  • 100% financing + required guarantee fee = 101% of the appraised value
  • Low FICO score requirements
  • Low interest rates
  • Reduced closing costs
  • Gift funds can be used for closing costs
  • 30-year, fixed-rate mortgage


In order to qualify for a USDA loan in St George, Utah, you must meet specific requirements. Homebuyers must meet the USDA’s “ability to pay” standards, which include holding a steady job and income proven by tax returns, having a credit score of at least 640, although this can vary by lender, and having a debt-to-income ratio of 41% or less. Other requirements include: 

  • Family income cannot exceed the limits set for your area 
  • You cannot make more than 15% above the local median salary 
  • Property must be located within eligible rural areas 
  • Loans can be used for single-family homes only (no duplexes) 
  • Mortgage insurance is required for USDA loan applications 


USDA Guaranteed Rural Housing Loans Applying for USDA Loans

We offer USDA Guaranteed Rural Housing Loans. These loans are designed to help families without adequate housing finance the purchase of a home in a rural area. Applicants may have incomes up to 115% of the area’s median income and must be able to afford mortgage payments, including insurance and applicable taxes. Credit score is also considered in the application process.

The duration of a USDA Guaranteed Rural Housing Loan is 30 years, with an interest rate determined by the lender. No down payment is required, which sets these loans apart from more traditional home loans.

To get started on your USDA home loans in St George, Utah please contact Nathan Rufty at 909-503-5600

Posted by Nathan Rufty on August 9th, 2021 10:30 AM

Getting a home loan in St George Utah can sometimes be a pain, especially if your credit is less than perfect. But if you are a veteran and need a loan, you have other options. As a veteran you have certain benefits that normal citizens don't have, one of these is veterans' loans. These loans are a way for the country to show the appreciation for what you've done, and can be very beneficial to ex-military personnel. Here are a few things you should know about these loans.

First off, your time in the military will be considered when you apply for the loan. If you've served an adequate amount of time, usually between ninety and one hundred and eighty days of active duty, depending on the situation, you can qualify for the loan. Your form of discharge will also be considered. If you have the black mark of a dishonorable discharge, you'll probably be declined in your loan request. The stipulations are not overly strict, but they are definitely there, so remember that when you make your request.

The next important factor of any loan is your credit. With a traditional loan your credit score usually determines whether or not you can get the loan, and the rate of interest you'll be paying. Veteran's loans are a little bit different. Rather than looking at your overall score, they will look at the past twelve months of payments. If they were made in a timely fashion, chances are you'll get a better rate and qualify more easily for the loan. Veterans' loans are great ways to get the money you need if you've had financial difficulties in the past and are still suffering from the fallout.

Veterans Home loans in St George Utah or VA loans are a special type of home mortgage reserved for active military members and veterans. These home loans are guaranteed by the U.S. Department of Veterans Affairs and offered by participating approved lenders.  VA loans allow eligible veterans and active military personnel to realize their home buying dreams and help existing VA homeowners with money-saving refinance options.

VA Loan Benefits

  • No penalty fee if you pay the loan off early
  • No private mortgage insurance requirements
  • Less than perfect credit can apply
  • VA may be able to provide some assistance if mortgage payment problems arise

Who is Eligible For A VA Loan?

  • Active-duty military
  • Veterans
  • Reservists and members of the National Guard
  • Some surviving spouses of veterans

These eligibility requirements are unique to VA loans. In addition to past or present military service, standard home loan criteria like your credit score and income will also play a role in your eligibility.

To get qualified for a VA home loans in St George Utah call Nathan Rufty at (909) 503-5600

Posted by Nathan Rufty on August 9th, 2021 10:29 AM

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