With USDA Home Loans, you may be able to purchase your dream Auburn, CA home with zero down payment and a 30 year fixed rate in the low 4% range. Of course there are some limitations and you would still need to qualify for financing.
Before you go home shopping, please check out these benefits:
• No money down for purchases up to $417,000
• Previous homeowner – OK
• Seller can pay closing costs
For buyers looking in the foothills of California, this program allows people to qualify with a 30 year fixed rate in the low 4’s. Here is how those numbers will break down, for example: if you considered buying a $300,000 home using FHA financing, the same home using USDA financing would eliminate the $10,500 down payment FHA requirement, plus USDA would save you over $229 per month in payments because USDA mortgage insurance is considerably less.
Find out if you are eligible for USDA financing by calling one of California’s most respected lenders. Roland Benson, Senior Mortgage Planner at imortgage in Roseville.
He can be reached at (916) 746-8412 or email@example.com. Or reach out to me directly and we can look at some Auburn homes that would qualify for this type of financing.
Marsha Dashiell: 916.794.0015
In the meantime, here is a list of some homes in Auburn currently for sale that meet the USDA requirements: