USDA loans | USDA rural loans | deparment of agriculture financing

Rural Development, agriculture, housing, business, cooperatives, federal loans and grants, health care, USDA guaranteed, USDA, rural, Rural Housing Service, RHS, Rural Business-Cooperative Service, RBS, rural loans, rural home loans, ag loans, department of agriculture financing Department of Agriculture Home Loans

How a USDA Loan can benefit you

USDA loans are for rural or agricultural communities. A lender underwrites and funds the loan according to specific guidelines and USDA guarantees the loan. Qualifying borrowers receive below market rate financing and favorable, 100% financing terms.

You may be surprised at what USDA considers a rural community. Below is a list of communities near Sacramento that qualify. Be advised this is a very general and incomplete list, and you are invited to contact us to see if your scenario meets USDA guidelines.

El Dorado County Placer County Sacramento County Solano County
Cameron Park Auburn Galt Attendale
Coloma Colfax Herald Dixon
Diamond Springs Foresthill Iselton Rio Vista
El Dorado Hills Kings Beach Locke
Georgetown Lincoln Rancho Murieta
Grizzly Flats Loomis Sloughhouse
Placerville Meadow Vista Walnut Grove
Pollock Pines Tahoe City Wilton
Shingle Springs Tahoe Vista
Stanislaus County Sutter Yolo County Yuba County
Knights Ferry Live Oak Esparto Loma Rica
Newman Nicolas Knights Landing Sheridan
Oakdale East Nicolas Winters Wheatland
The following counties are 100% eligible for USDA financing
Alpine Glenn Mendocino Sierra
Amador Inyo Modoc Siskiyou
Calaveras Lake Mono Tehama
Colusa Lassen Nevada Trinity
Del Norte Mariposa Plumas Tuolume

Income Limits

USDA is a need based program. There is a basic income limit for one person households which increases to compensate up to an 8 person household. Please note underwriting methods of calculating income may differ greatly from your own, and the figures below are not a promise nor denial of your ability to get a USDA loan. As of 8/21/2008 the following maximum income limits apply:

Chico city 73600 97150

Fresno cit 73600 97150

Modesto c 73600 97150

Napa city 64000 84500

Redding ci 73600 97150

Sacrament 83750 110550

Yolo city 83500 110500

San franci 130100 171750

San jose c 122050 161100

Nevada county ca 79500 104950

Stockton c 73600 97150

Vallejo/fairf 91300 97150

Yuba city 73600 97150

Amador cit 78200 105350

If your household income is substantially lower, you may qualify for additional benefits through USDA. Contact us for more information.

Rural Development has agriculture and housing business cooperatives federal loans and grants health care USDA guaranteed Rural Business-Cooperative Service USDA rural Rural Housing Service RHS Rural Business-Cooperative Service RBS rural loans ag loans department of agriculture financing rural home loans ag loans department of agriculture financing Rural Development agriculture housing business cooperatives federal loans and grants health care USDA guaranteed USDA, rural Rural Housing Service RHS service RBS rural loans rural home loans ag loans department of agriculture financing grants health care USDA guaranteed Rural Business-Cooperative Service USDA rural loans rural home loans

A summary

To review, a USDA loan offers the following benefits:

100% Financing, No down payment
Attractive below market interest rates
No Mortgage Insurance
No maximum purchase price limit
Flexible credit & qualifying guidelines
Some repairs can be included in the loan
Gifts are allowed for closing costs

What are you waiting for?