Category Archive : USDA Income Eligibility

100% Financing getting cheaper

       USDA Guidelines & Rules / USDA Income Eligibility / USDA Property Eligibility / USDA Zero Down Loans

The USDA home loan (also known as the Rural Development mortgage) in Riverside County California and other areas is getting cheaper! Per a recent announcement, Effective October 1, 2016, both the upfront guarantee fee and the annual fee (paid monthly) will be reduced with USDA mortgages. This new fee structure will remain in place until September 30, 2017, the end…… Read More »

qualifying for a USDA Loan in California with debt ratios over the published limit

       USDA Guidelines & Rules / USDA Income Eligibility / USDA Zero Down Loans

You can buy a home in Winchester CA and other areas with zero downpayment, 100% financing using a USDA loan. But getting a USDA loan for purchasing a home in California such as Winchester California can be fraught with difficulties if you don’t prepare well for underwriting. There are several important points you ought to address before applying: 1. List…… Read More »

USDA Eligible Area survive until end of 2013

       Latest News & Updates / USDA Guidelines & Rules / USDA Income Eligibility / USDA Property Eligibility / USDA Zero Down Loans

On March 20, the Senate passed by a vote of 73 to 26 its amended version of the House-passed FY 2013 continuing resolution (CR), H.R. 933. On March 21, the House also passed, by a vote of 318 to 109, the amended version of the CR. The bill now goes to the President for his signature. The FY 2013 Agriculture…… Read More »


How do USDA Streamline Refinances work ?

       USDA Guidelines & Rules / USDA Income Eligibility / USDA Property Eligibility

Just like FHA Streamlines, Streamlines on USDA loans are fast and easy refinances designed to drop the interest rate and payment. The full guidelines are found here : document AN 4549 at here are the essentials about USDA streamline refinances : 1) the mortgage being refinanced must already be an existing USDA guaranteed loan. 2) The only manner in…… Read More »