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ARE YOU SET TO BUY A HOME?

CA offers abundant opportunities for those seeking to escape the city life, and finding a home in a rural area presents the perfect chance to make that dream a reality!

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HOME PURCHASE

Promoting development in rural areas and aiding families with low to moderate income in purchasing homes, CA offers an ideal opportunity for rural living.

Backed by the U.S. Department of Agriculture, these mortgage options are tailored to foster rural communities and encourage homeownership.

If you're considering living in a rural area within CA, there are various financing options available to help you achieve your dream of owning a home.

Wondering how to make it happen?

To stimulate rural development and enable affordable homeownership, the U.S. Department of Agriculture collaborates with lenders to offer specialized mortgage products.

These options come with attractive terms, low down payment requirements, and competitive interest rates, making them accessible to individuals with varying income levels.

How do you qualify?

Qualifying for a rural home purchase involves meeting specific criteria for both you and the property.

Firstly, the property must be located in a rural area, typically defined as an area with a population of fewer than 20,000 people.

Additionally, your income should align with the area's median income, ensuring affordability and sustainability in homeownership.

Furthermore, demonstrating stable income and employment, maintaining a good credit score, and managing your debt responsibly are essential steps in securing financing for your rural home purchase.

ARE YOU SET TO BUY A HOME?

CA offers abundant opportunities for those seeking to escape the city life, and finding a home in a rural area presents the perfect chance to make that dream a reality!

HOME

PURCHASE LOAN

Promoting development in rural areas and aiding families with low to moderate income in purchasing homes, CA offers an ideal opportunity for rural living.

Backed by the U.S. Department of Agriculture, these mortgage options are tailored to foster rural communities and encourage homeownership.

If you're considering living in a rural area within CA, there are various financing options available to help you achieve your dream of owning a home.

Wondering how to make it happen?

To stimulate rural development and enable affordable homeownership, the U.S. Department of Agriculture collaborates with lenders to offer specialized mortgage products.

These options come with attractive terms, low down payment requirements, and competitive interest rates, making them accessible to individuals with varying income levels.

How do you qualify?

Qualifying for a rural home purchase involves meeting specific criteria for both you and the property.

Firstly, the property must be located in a rural area, typically defined as an area with a population of fewer than 20,000 people.

Additionally, your income should align with the area's median income, ensuring affordability and sustainability in homeownership.

Furthermore, demonstrating stable income and employment, maintaining a good credit score, and managing your debt responsibly are essential steps in securing financing for your rural home purchase.

Our Relentless Commitment Is To Provide You With

The Best Possible Services

Floor Plan Financing

Home Purchase

and How They Work

  • For those considering homeownership in rural areas, Section 502 loans, also known as rural development loans, offer an accessible pathway to achieving that dream.

  • Introduced by the government in the 1990s, these loans aim to facilitate home purchases for low-income families residing in rural regions.

  • If the idea of living in a rural setting appeals to you and you meet the income criteria, exploring Section 502 loans might be the optimal choice.

  • These mortgage options feature enticing benefits such as low interest rates and the possibility of obtaining 100% financing.

  • Furthermore, borrowers can enjoy the flexibility of no prepayment penalties and no mandatory down payments. However, it's important to note that opting for a Section 502 loan typically means committing to a fixed interest rate.

    Adjustable-rate mortgages (ARMs) are not offered through this program.

  • Additionally, borrowers taking advantage of Section 502 loans will be required to purchase private mortgage insurance.

Floor Plan Financing

How to Qualify for a

Home Purchase

  • Citizenship or Permanent Residency: You must be either a United States citizen or a permanent resident.

  • Debt-to-Income Ratio: Your monthly housing expenses should not exceed 29% of your monthly income. Lenders will also assess your overall debt-to-income ratio to ensure financial stability.

  • Steady Income: Lenders typically require evidence of steady income over the past 24 months. Any recent instances of debt sent to collections within the past year may negatively impact your application.

  • Credit Score: To increase your chances of approval and secure better terms, it's advisable to raise your credit score to at least 640 before applying for a mortgage.

  • Mortgage programs aim to assist individuals in need of housing, prioritizing those lacking safe and adequate living conditions.

  • While certain loan programs may focus on specific geographic areas, such as rural regions, it's worth exploring suburban options that align with your needs and preferences.

Our Relentless Commitment Is To Provide You With

The Best Possible Services

Floor Plan Financing

Home Purchase

and How They Work

  • For those considering homeownership in rural areas, Section 502 loans, also known as rural development loans, offer an accessible pathway to achieving that dream.

  • Introduced by the government in the 1990s, these loans aim to facilitate home purchases for low-income families residing in rural regions.

  • If the idea of living in a rural setting appeals to you and you meet the income criteria, exploring Section 502 loans might be the optimal choice.

  • These mortgage options feature enticing benefits such as low interest rates and the possibility of obtaining 100% financing.

  • Furthermore, borrowers can enjoy the flexibility of no prepayment penalties and no mandatory down payments. However, it's important to note that opting for a Section 502 loan typically means committing to a fixed interest rate.

    Adjustable-rate mortgages (ARMs) are not offered through this program.

  • Additionally, borrowers taking advantage of Section 502 loans will be required to purchase private mortgage insurance.

Floor Plan Financing

How to Qualify for a

Home Purchase

  • Citizenship or Permanent Residency: You must be either a United States citizen or a permanent resident.

  • Debt-to-Income Ratio: Your monthly housing expenses should not exceed 29% of your monthly income. Lenders will also assess your overall debt-to-income ratio to ensure financial stability.

  • Steady Income: Lenders typically require evidence of steady income over the past 24 months. Any recent instances of debt sent to collections within the past year may negatively impact your application.

  • Credit Score: To increase your chances of approval and secure better terms, it's advisable to raise your credit score to at least 640 before applying for a mortgage.

  • Mortgage programs aim to assist individuals in need of housing, prioritizing those lacking safe and adequate living conditions.

  • While certain loan programs may focus on specific geographic areas, such as rural regions, it's worth exploring suburban options that align with your needs and preferences.

Let's Find Your Dream Home!

Are you excited about getting your own home instead of renting? Guess what? It might be easier than you think! We're here to help you understand all about buying a home, even if it seems really complicated right now.

We've made a special quiz that asks you simple questions about you and what you need. This way, we can give you advice that fits just right. No need to feel lost in all the confusing home-buying stuff anymore. We're going to make everything super clear and easy for you!

Imagine having a place all to yourself, where all your fun memories begin, feeling safe and happy, and knowing your money is being used for something super important: your very own home! Helping you get there is what we love to do. We're not just finding you a loan for a house; we're helping you find your way to the life you've been dreaming of.

Are you ready to start this awesome adventure to getting your own home? Our quiz is easy to take and totally safe. Just a few clicks, and you'll be on your way. We can't wait to help you out and answer all your questions, making sure you're getting closer to living in your dream home. Let's make your dream come true, together!

Starting your home-buying journey the smart way means knowing exactly how you'll pay for it. Having a good plan for your money means you can look for your dream home without worrying too much. Let's get started!

Let's Find Your Dream Home!

Are you excited about getting your own home instead of renting? Guess what? It might be easier than you think! We're here to help you understand all about buying a home, even if it seems really complicated right now.

We've made a special quiz that asks you simple questions about you and what you need. This way, we can give you advice that fits just right. No need to feel lost in all the confusing home-buying stuff anymore. We're going to make everything super clear and easy for you!

Imagine having a place all to yourself, where all your fun memories begin, feeling safe and happy, and knowing your money is being used for something super important: your very own home! Helping you get there is what we love to do. We're not just finding you a loan for a house; we're helping you find your way to the life you've been dreaming of.

Are you ready to start this awesome adventure to getting your own home? Our quiz is easy to take and totally safe. Just a few clicks, and you'll be on your way. We can't wait to help you out and answer all your questions, making sure you're getting closer to living in your dream home. Let's make your dream come true, together!

Starting your home-buying journey the smart way means knowing exactly how you'll pay for it. Having a good plan for your money means you can look for your dream home without worrying too much. Let's get started!

Work With Us

We recognize that your situation is unique, and we would love to help you.

Daniel Sosa

Founder and President

Work With Us

We recognize that your situation is unique, and we would love to help you.

Daniel Sosa

Founder and President

Testimonials

WHY People TRUST and LOVE Us

Testimonials

WHY People TRUST and LOVE Us

Office: Daniel Sosa, NMLS #242169

Central Valley Mortgage Group, NMLS #1940825

5713 N Pershing Ave, Suite D2 Stockton, CA 95207

Call: (209) 298-8017

Site: centralvalley.mortgage

Office: 5713 North Pershing Avenue, Suite D2, Stockton, CA 95207

Call (209) 298-8017

Site: centralvalley.mortgage

Copyright 2024 . All rights reserved

Copyright 2024 . All rights reserved