LENDERLINE^® is currently offering 100% LTV USDA loans for rural properties located in the State of California.

• The property must be located in the State of California.
• The property must be in a USDA eligible area, look up here.
• USDA income limits apply, look up here.
• 100% loan-to-value. Requires no down payment.
• Closing costs may be paid by the seller up to 6% of the purchase price.
• Closing costs may be gifted from an immediate family member.
• One-time USDA guarantee fee may be financed.
• Minimum credit score of 580.
• Credit scores down to 550 possible with extenuating circumstances.
• 3 non-traditional credit references required if borrower has no credit scores.
• First-time homebuyers OK.
• The borrower cannot own any other properties.
• The property must be used as a primary residence.
• Second homes and investment properties not allowed under this loan program.
• W-2 wage earner or self-employed.
• Single family residence, PUD, or HUD-approved condominiums allowed.
• Working farms and 2-4 unit properties not allowed.
• No reserve requirements.
• Debt-to-income ratios cannot exceed 29/41%, or 32/44% with compensating factors.
• Borrowers must be U.S. citizens or permanent residents with valid work authorization.
• No foreign nationals or undocumented ITIN workers are allowed under this program.
• 30-year fixed rate.

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LENDERLINE^® is your 100% LTV USDA lender of choice. 100% LTV USDA loans are our specialty. USDA mortgages allow you to purchase rural properties for no money down.

Questions? To get today’s interest rates or to receive a FREE mortgage consultation, call LENDERLINE^® toll-free at 1-888-661-7888, or complete this form to schedule an appointment.