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USDA RURAL PROPERTIES = 100% FINANCING!

Call us today and find out if where you are looking to buy qualifies for this government program!

There are 6 entire cities in CA that qualify, and several areas that surround them! The entire city of Discovery Bay qualifies for 100% financing through this government program!

More Families are Taking Advantage of the USDA Loan

In 2009 the USDA enacted changes that made millions of borrowers eligible for their rural mortgage programs. Many home buyers dream of purchasing a home but don't necessarily have the cash on hand to make the hefty 20% down payment required by a conventional home loan.

USDA loans stand alone as the only zero money down program available to borrowers that have not served in the military. Eligible borrowers will be hard pressed to find a loan program that offers more favorable terms.

Who Qualifies for a USDA Loan?

USDA Loans used to be considered "farmers loans" but that is simply not the case anymore. Just about anyone looking to purchase a home outside a major metropolitan area can qualify for a USDA Loan.

Some of the eligibility standards that determine if you qualify for a USDA loan for your home include what county and zip code the home resides in, your current income and credit history, as well as the number of dependents you can claim. Because these guidelines are very specific, it is important to work with a company that has experience dealing with USDA government financing to help determine your eligibility.

USDA Loan Facts

Encouraging rural land development and growth in rural areas

The USDA will loan $16 billion in 2009
The loan will come directly from the Federal Government or from lenders who have been approved by the USDA and backed by the government
$0 down, 100% financing is available
Terms are up to 33-38 years allowing you to lower monthly payments
Lower income families and those with blemished credit can qualify

USDA Loans Can Be Used to Purchase:

Pre-existing or new home
Condo or townhome
Land and the cost of building your own home
Land and the cost of moving a manufactured home
Commercial properties in rural areas
Farm and farm equipment

Nathan Nelson, CA-DOC/NMLS# 247654 Cell. 925.623.1019. Fax. (866).868.9136. E-Mail. NaNelson@SummitFunding.net

Equal Housing Opportunity Lender. Rates and programs subject to change. CA Department of Corporations-916-324-6624. Licensed by CA Dept of Corporations #6072526, CA Dept of Real Estate #10220358, NV Mortgage Lending Division #46, HI Dept of Commerce and Consumer Affairs #1369, MI Dept of Energy, Labor & Economic Growth #FL-0016888 /SR-0016896, OR Division of Finance & Corporate Securities #ML-4896, TX Department of Savings & Mortgage Lending #79566, VA Bureau of Financial Institutions # MC-5238 & MLB -1624, WA Department of Financial Institutions #520-CL-51866, NC Commissioner of Banks #L-148970. The MLS search function is a service of a third party vendor, is offered as a convenience service only, and should not be construed an endorsement of any particular Real Estate company. The accuracy of all information, regardless of source, is not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Use of the MLS search is not to be construed as a commitment to lend.