Sonoma County USDA Loans
 The USDA Home Loan is a little known mortgage option available to home buyers in rural areas of Sonoma County like Windsor, Cloverdale, Healdsburg, Guerneville and other parts of California and the U.S.And there are a lot of areas that are considered rural, even areas that are less than 1 hour drive from large cities like San Francisco, San Jose and other large cities. This is really a super loan program that not many take advantage of because they don’t know about it. Advantages of USDA Home Loan: * 100% financing, NO down payment required * No monthly mortgage insurance (unlike FHA and conventional loans (with less than 20% down) that carry monthly mortgage insurance there is a one-time 3.5% guarantee fee USDA monthly mortgage insurance for NEW USDA loans will begin October 1, 2011 and will be .3% annually. The up-front mortgage insurance premium is going from 3.5% to 2% * Great 30 year fixed interest rates * You do not have to be a first time home buyer to get this loan * Seller or family member can pay for all your closing costs Here are some other factoids about USDA Home Loans: * Your income needs to be within 115% of the area median * Has to be your primary residence and 1 unit Apply Now and determine your eligibility for USDA Financing! |
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