USDA Loans
Imagine being able to buy a home with no down payment, enjoying lower-than-average mortgage rates, and paying less for mortgage insurance. This isn’t just a dream—it's a reality with the USDA home loan program. Tailored to help low- and moderate-income individuals achieve the American dream of homeownership, these loans are a fantastic option if traditional financing is out of your reach.
Here’s why USDA loans are such a great choice:
- No Down Payment Required: Jump into homeownership without the upfront financial burden.
- Competitive Mortgage Rates: Enjoy interest rates that are typically lower than standard mortgage rates.
- Reduced Mortgage Insurance Costs: Pay less in mortgage insurance, reducing your monthly expenses.
USDA loans are backed by the U.S. Department of Agriculture as part of its Rural Development Guaranteed Housing Loan program, aimed at encouraging homeownership in designated rural and suburban areas.
Who Qualifies?
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This program is perfect for those looking to buy their first home or those moving from renting to owning. If you're planning to purchase in a rural or suburban area and meet the income criteria, a USDA loan might be the ideal solution.
📚Resources:
USDA income limits: SFH Section 502 GLP Eligibility Check Worksheet (usda.gov)
USDA eligible areas: Eligibility (usda.gov)
Ready to Get Started?
*This communication is for informational purposes only, this is not a commitment to lend. Individual buyer's financial circumstances may be different and may result in different interest rates, costs, and payments. All programs are subject to change or cancelation at any time and without notice. Please consult your licensed Loan Originator to learn more about mortgage products, your eligibility, and ask for an official Loan Estimate before choosing your loan.
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John King
I'm John King, and I've dedicated over 20 years to the mortgage industry. Proudly ranking in the top 1% of mortgage originators since 2015, my passion lies in guiding homebuyers and homeowners achieve their homeownership goals.
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John King - NMLS ID# 453426
855-626-5464 Office
kingteam@johnloanking.com
2220 Douglas Blvd, Suite 220, Roseville, CA 95661
John King Loan Consultant / Branch Manager NMLS ID# 453426, Roseville- Branch NMLS ID# 1008243, Lodi- Branch NMLS ID# 284835, Summit Funding, Inc. NMLS ID# 3199, www.nmlsconsumeraccess.org, Equal Housing Opportunity.