Looking to purchase a home with no money down, zero, nada, one loan? Lets explore a home loan program that offers 100% financing, it is the USDA-RD loan program and it is available in the state of California.
This program offers a qualified home owner to purchase without being a first time home owner, can not own or be on title of another property at the time of closing, available in certain cities in the county that you are looking to purchase in (to search areas), income limits which are one of the highest in the industry and best of all this is the only home loan that will allow you to finance/roll your closing cost in the loan as long the home appraises for more than the agreed upon purchase price.
The rates on this program are just as low as the FHA home loan program and the cost are very low as well. With the interest rates as low as they are today we can also give the home buyer a lender credit towards closing cost with a slight increase of the interest rate.
This program is not utilized enough in California, lets spread the word that there is still NO MONEY home loan programs like this one in California. There are 2 – 100% programs in the mortgage lending portfolio, VA which you have had to service or active in the Military or the USDA-RD program which is the best 100% available program to a homebuyer looking to capitalize on the low interest rates and save the funds that were going to be used for a down payment, those saved funds can go towards new carpet and paint.
Lets get started to see if this program is right for you. Owning a home is one of the best feelings you have as a individual, explore this possibility by calling me direct at 909-503-5600. I look forward in hearing from you!