Are you looking for a USDA Zero Down home loan in Jamul or Bonsall, CA? USDA home loans require no money down and closing costs can be paid by the seller making USDA home loans a great alternative to FHA financing. The program is available for properties considered to be in a rural area such as Jamul or Bonsall, California. There are many benefits to USDA Home Loans which buyers should be aware of while considering their financing options.
USDA zero down home loan closing cost options
Another benefit to the USDA home loans is that it allows for closing costs to be paid in two different ways. The easiest way is to have the seller pay the closing costs. USDA home loans allow for the seller to pay up to 6% of the sales price towards closing costs. There is another way to pay closing costs. If the appraisal on the property comes in higher than the sales price, then you can finance them into the loan amount. Either way is acceptable but in today’s market, having the seller pay for closing costs is not uncommon.
USDA zero down home loan FAQ’s
Some other key features of USDA home loans are as follows.
- You do NOT need to be a first time home buyer.
- There are no sales price or loan limits when considering a property. Although certain properties are not allowed such as one’s with second structures such as barns or granny flats. However, the program requires each property to be in a rural area. It is best to contact me to see if the property that you are considering is in a qualified area.
One caveat to USDA home loans is that it does have very specific income limits base upon family size for each county. However, the income limits are fairly high and generally do not limit one’s ability to purchase. For USDA home loans in Jamul or Bonsall California, contact me directly at 858-864-8924 for income limits.
Pre-Qualify for ZERO down payment USDA home loans in Jamul or Bonsall CA properties with Mike Walsh Mortgage Broker Mann Mortgage call or text 858-864-8924 Mike Walsh’s team at Mann Mortgage in San Diego CA and they will provide you with all the details you need to secure the USDA Home Mortgage in Jamul or Bonsall CA. To find out what you need to do to finance homes in Bonsall or Jamul CA simply pick up the phone and call 858-864-8924 or send an email to email@example.com