Are you interested in buying a home in a rural area? If so, homeownership may be well within your reach thanks to mortgage programs run by the United States Department of Agriculture. USDA home loans were designed to help improve the economy and quality of life in rural America. They offer low interest rates and zero down payments, making them accessible to low-income borrowers with little savings. These loans help thousands of families buy and improve homes every year. You First Mortgage is a licensed mortgage brokerage firm that helps people find home financing options that meet their needs. We can help you assess the pros and cons of using a USDA mortgage loan vs an FHA loan or another type of loan. Our professionals can assist you throughout the USDA loan process in Sonoma County, CA.
Is a USDA home loan right for you? Do you qualify for one? You First Mortgage can help you answer those questions and weigh your various options. We also communicate with a large network of USDA-approved lenders to shop rates on your behalf and offer you a wide selection of mortgage options. Call (707) 919-3103 or fill out our online contact form to get in touch with us. We’re looking forward to meeting you and helping you find a home financing option that works for your unique situation.
From applying to processing to underwriting to closing the deal, You First Mortgage is with you every step of the way. We gather information and submit applications for you in order to make the USDA home loan process as simple and convenient as possible.
There are three basic USDA home loan programs:
Home Improvement Loans & Grants: These help homeowners in rural areas repair and renovate their houses. You may be able to get a loan and a grant bundled together, providing up to $27,500 in assistance.
USDA mortgage loans have varying pros and cons based on your individual circumstances and needs. You First Mortgage can help you assess your situation and determine whether a USDA home loan may be the right choice for you. These are the general advantages and disadvantages that come with these types of mortgages.
The Pros of USDA Home Loans:
The Cons of USDA Home Loans:
FHA loans are another popular choice for first-time homebuyers and lower-income borrowers. They also offer low down payments and flexible qualification terms. However, a USDA home loan could potentially get you into a new home without having to pay anything from your own bank account. With an FHA loan, the lowest down payment is 3.5%. Homebuyers with little money saved up for a down payment should consider a USDA loan before an FHA loan.
You First Mortgage assists clients in the Santa Rosa, CA area.
You First Mortgage is a licensed mortgage broker based in Santa Rosa, CA. When you partner with us, we put your interests above all other priorities. With versatile real estate industry experience in the local market, our advisors can provide reliable guidance when it comes to choosing home financing options. We are CalHFA Certified for Government Down Payment Assistance.
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The information contained on this website is presented for informational and marketing purposes only and is not to be understood as financial advice. You should consult with a representative from You First Mortgage for further information, the mere act of contacting You First Mortgage does not create a client relationship. As a result, you should never send any confidential information to our office until representation or client relationship has been established.