USDA Rural Housing Loans

Find affordable, zero money down home financing with our USDA Loan solution.

If you’re searching for affordable home financing in California, Empower Capital Group offers zero money down USDA Rural Housing Loans for qualified borrowers and eligible properties throughout these three states. USDA Loans are designed to help boost homeownership in less developed areas, offering up to 100% financing for qualified borrowers. To be eligible for a USDA Rural Housing Loan, borrowers must meet certain income requirements and the home must be located in an area designated as rural by the United States Department of Agriculture (USDA).

While a USDA Loan may not be right for everyone, many of our borrowers are surprised to find out that they do qualify for this unique program. Read the key points below on USDA Loans to get an idea of how the program works, then reach out to us to see if you qualify and receive a free rate quote.

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(707) 522-1887

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Key Facts About USDA Loans from Empower Capital Group

USDA Loans allow borrower to finance up to 100% of the home’s purchase price. That means USDA borrowers do not have to make a down payment. This can be especially appealing to first time borrowers, who don’t have the luxury of using money from the sale of a previous home to put down on a new loan.

USDA Loans do not require private mortgage insurance (PMI). Instead, they require a small, upfront premium that is meant to cover the lender’s losses in the event that the borrower defaults on their loan. At the time of this writing, the upfront premium for USDA Loans is 2% of the purchase price and is usually much lower than the PMI required on conventional mortgages where the borrower makes less than a 20% down payment, and is often less than the mortgage insurance premiums for FHA loans. 

Keep in mind, mortgage program guidelines are subject to change. Discuss the requirements and costs with one of our qualified mortgage professionals to get the most accurate and up-to-date information.

Not all homes are eligible for USDA Loans. In order to qualify for USDA financing, a home must be located in a USDA-approved area. These areas are considered rural by the USDA’s standards, although they can be located close to major cities and developing suburbs. To see if a particular home is located in a USDA-approved zone, use the USDA’s Property Eligibility Map here.

The USDA Rural Housing Loan program is intended to help boost homeownership in less developed areas, as well as provide access to affordable home financing for low- to moderate-income households. It is possible to earn too much money to qualify for a USDA Rural Housing Loan, and the requirements are based on the median home prices for your area. Talk to one of our loan professionals to see if your income qualifies you for USDA financing in your area.

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If you’re ready to learn more about USDA Rural Housing Loans in California, Oregon or Washington, we reach out to us today: (707) 522-1887

Is a USDA Rural Housing Loan not quite what you’re looking for? We offer a wide selection of mortgage options, including conventional fixed rate mortgages, other low and zero money down loans, adjustable rate mortgages, condo financing, investment property loans and more. Explore our programs and discover the many avenues to homeownerhsip through Empower Capital Group today.