The United States Department of Agriculture offers a excellent 100% financing loan program available to anyone in many parts of California. This program is generally in the more rural parts of California, but you would be surprised as many areas close to cities are considered rural. USDA 100% financing home loans are available in many parts of even counties with urban areas such as Los Angeles County, San Diego County, Riverside County, San Bernardino County, Fresno County, Alameda County, Contra Costa County. And of course all of the rural counties of California almost entirely qualify for USDA financing such as Shasta, Butte, Merced, Madera, Kern just to name a few.
Here are some of the key parts of USDA home loans in California:
- 100% financing, no down payment required
- No monthly mortgage insurance
- Minimum credit score 620
So give us a call if you think you might live in an area that qualifies for a 100% USDA home loan in California.
Warmest Regards,
Rob Chomentowski
Sr. Loan Officer (FHA, VA, USDA and conventional loan specialist)
858-922-7899
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