call, text or email your questions to
Scott Simmons
760-327-2254 office
760-831-0044 cell
760-831-0044 text


2019
Combined Income Limits:
Family of 1-4   $  82,700
Family of 5-8   $109,150     
Households of more than 8 members can add eight percent for each additional member to their 1-4 member household USDA income limit.

The income of all family members who will be residing in the property is taken into consideration in this calculation even if they will not be on title !
** Not all properties are eligible for USDA financing 
even if they are located 
in eligible cities.  
Verify your specific property's 
eligibility by going to
 

or call me, 
Scott Simmons, 
at 760-831-0044 
and I'll verify it for you.

rates, terms, fees, information, guidelines deemed reliable but are subject to changes and revisions and are therefore not guaranteed


USDA 100% Financing

 

is available

in our area

in the following cities 

in Riverside and San Bernardino Counties

Riverside County

Blythe
Cabazon
Calimesa
Cherry Valley
Coachella
Desert Hot Springs
Homeland
Lakeview
Mecca
Sun City
Thousand Palms
Wildomar
Winchester
San Bernardino County

Adelanto
Baker
Big Bear City
Big Bear Lake
Crestline
Joshua Tree
Lake Arrowhead
Morongo Valley
Lucerne Valley
Needles
Running Springs
29 Palms
Yucca Valley


100% Financing !!!
0% Down !

Primary Residences Only.

Homes, PUD's, 
and Condo's that are approved 
FHA, FNMA or FHLMC.

Owner Occupant Cosigner's only.

Minimum 620 credit score with us.

29/41 debt to income ratios.

Seller can pay up to 6% of all of buyers closing costs.

20% of sales price in liquid assets disqualifies the buyer(s)

Lot value not to exceed 30% of the appraised value.

Debt to income ratios 
are calculated using income only from those applying for the loan

However, all debts from both spouses are used to qualify 
whether they are both on the loan or not.  Credit reports are required from all spouses, but are not required of other family members residing in the property who will not be on the loan.

         Income documentation and verification , ( signed 4506 and 2 years tax returns, W-2's and most recent pay stub ), from EVERY family member who is residing in the property will be required, 
( and used to calculate maximum family income limits ).

         Borrower / buyer(s) can own no other properties except the subject property at close, 
although other family members residing in the property can own other property.  If one spouse owns other property, the other spouse who does not own any other property can buy a primary residence using USDA financing, but the other house payment is used in calculating debt to income ratios, unless that home has a two year history of rental income.  USDA does not allow rents to offset payments at all unless there is a 2 year history of rental income.

Bankruptcies, foreclosures, deed in lieu, short sales, NOD's 
allowed after 36 months.

No late payments allowed on rent or mortgages in the past 12 months.

Swimming pools, spas, and other "luxury items" are allowed
but their value is deducted from the property value and renders USDA financing impractical.

1% USDA Guarantee fee is financed in the loan amount