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.
?The USDA purchase programs is one of the most under utilized home loan program in California to buy a house. One of the reason why is not to many home buyers know about the program and not enough real estate agents are informed about the program to present it properly to their buyers. The USDA home loan program is designed to create home ownership to rural areas of a county, not every area in a particular s approved for this program, if you have not done so already click on the link HERE and watch a video a on how to fine the approved areas to buy a house utilizing the USDA home loan program in California.
Here are some of the benefits about the USDA loan program in California.
The benefits to this program are:
No money for the down payment (will have to come in with a little money to open escrow with and you will need to discuss that amount with your real estate agent)
If the appraised value comes in higher than the agreed purchase amount, we can use that extra equity to finance your closing cost
Also, if elected the seller can contribute up to 6% of the purchase amount towards the buyers closing cost
No limited to first time home buyers, can not own or be on title of any other residential property at the time of closing escrow on the USDA loan
No prepay penalty, can pay off the loan at any time without a penalty
Very small monthly mortgage insurance, the MI will remain through out the term of the loan
No Maximum purchase amount, still need to qualify for the payment within the required debt to income ratio
Primary purchase only, can not be used to buy a 2nd home or an investment property
Interest rates are just as low as other home loans that require money for the down payment