USDA LOANS IN CALIFORNIA

What are the Advantages of California USDA Loans?

• Buy a California home with 100% financing.
• Purchase a home even if you do not have a perfect credit score.
• USA loans have affordable interest rates.
• Move into your new home immediately, rather than waiting until you can afford a down payment.
• The income limits are set high enough that a wide range of borrowers can qualify.
• The maximum amount of financing available to you through a USDA mortgage is contingent on your borrower qualifications. There is not a set loan limit that is universal.
• The USDA loan guarantee fee costs less than the mortgage insurance premiums required for FHA mortgages.

Who Qualifies for a USDA Mortgage in CA?

You might be eligible for a zero down USDA mortgage if you:

• Are buying a home in a USDA rural zone.
• Do not earn over 115% of the median household income for your area.

Even with its proximity to Los Angeles, Oxnard is fairly close to some rural parts of California.

In fact, the USDA has a pretty broad definition of what “rural” means. So, it is worth asking whether the location where you are shopping for a home meets the guidelines.

Apply Now for a USDA Loan in Oxnard or Beyond

Before you know it, you could be receiving the keys to your rural home in the Oxnard region or anywhere in California. To move into your new home now with zero down payment, please give us a call today at (805) 402-5302 to schedule your mortgage consultation.