USDA Loans offer flexible options as either Fixed Rate or Adjustable Rate mortgages.
Buying a home with little or no down payment can provide opportunities for buyers that otherwise may not be able to become homeowners.
USDA loans offer 100% financing!
A USDA home loan is a zero down payment mortgage for eligible rural and suburban homebuyers. Eligibility is location and income based. USDA loans are issued through the USDA Rural Development Guaranteed Housing Loan Program. If you’re considering a Sacramento USDA loan, you’ll appreciate the details outlined below.
How a Sacramento USDA Loan Works – Payments
- Pay your mortgage at any time without pre-payment penalties
- 30-, 25-, 20- and 15-year terms are all available with fixed rates
- 5-year adjustable-rate mortgage available
Program highlights
- Credit scores as low as 620 may qualify (can go down to 550 in certain instances)
- Refinance up to 100% of your primary home’s value
- Buy a home with as little as 3.5% down (primary residence)
- Loan amounts up to $453,100
- Derogatory credit waiting times:
- Foreclosure: 3 years
- Short sale/ Deed in lieu: 3 years
- Chapter 7 Bankruptcy: 3 years
- Chapter 13 Bankruptcy: 1 year of the payment period has elapsed
Got questions? Give us a call! One of our mortgage specialists would be happy to answer all of your questions and get you started with a great low rate today!
Working with Green Haven Capital Inc.
- We put YOU first.
- Green Haven Capital Inc. offers some of the most competitive rates and lowest fees in the Nation!
- Fast and efficient, we can close USDA loans in 30 days or less.
- We offer a variety of loans. Green Haven Capital Inc. will find you the loan that is right for you!!!
**Green Haven Capital Inc. is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.
Surf our website to learn about our company, see our loan programs, and request a free consultation.
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Frequently Asked Questions
What is a USDA loan?
A USDA loan is designed for eligible rural/suburban areas and may allow zero down payment for qualified borrowers.
How do I know if a home’s location is eligible?
Eligibility is based on USDA maps; a professional may help confirm property eligibility.
Are there income limits?
Yes. Household income caps apply and vary by area and household size.
Is mortgage insurance required?
USDA loans have a guarantee fee and an annual fee in lieu of monthly MI.
Can I use USDA for refinances?
Certain streamlined USDA refinance options may be available for eligible borrowers.
