USDA Loans in San Diego

Income Limits for USDA Home Loans Increase

Posted Leave a commentPosted in Loan Progams, Mortgage Knowledge, USDA loans

Income Limits for USDA Home Loans Increase The income limits for USDA Home Loans have increased!  The new income limits make it possible for more families to take advantage of this no money down financing program. Below are exerts of an article posted earlier this year giving you some insight into the program. You can also […]

3-Requirements of USDA Loans

3 Requirements of USDA Loans – Being a farmer not one of them

Posted Leave a commentPosted in Buyer Tips and Advice, Loan Progams, USDA loans

3 Requirements of USDA Loans – Being a farmer not one of them This week on The Mortgage Minute, we are going to go over the 3 eligibility requirements of USDA loans. The Mortgage Minute is weekly informational series presented by Laura Borja, Your San Diego Home Loan Expert First, what is a USDA loan? […]

USDA Loans

USDA Upfront Guarantee Fee Increases Oct 1 2015

Posted Leave a commentPosted in Loan Progams, Mortgage Knowledge, USDA loans

Today is the day that the USDA Upfront Guarantee fee will be increasing to 2.75% The Annual (monthly) fee will remain at .5% The information below  is a re-post of a previous article on this website. It shows the  breakdown of the changes and how USDA compares to VA, FHA and Conventional financing.   USDA […]

USDA Loans

USDA Loan Guarantee Fee Increase- UPDATE!

Posted Leave a commentPosted in Community information, USDA loans

USDA Loan Guarantee Fee Increase UPDATE ISSUED- TAKE A LOOK AT THIS POST. Effective October 1st, the USDA loan guarantee fee will be increasing from 2% to 2.75% for the upfront premium.  The USDA loan guarantee monthly premium will remain at .5%. The upfront USDA loan guarantee fee is the equivalent of FHA’s upfront mortgage […]

USDA Map

USDA loans- No changes to San Diego County eligible areas.

Posted Leave a commentPosted in USDA loans

Rural Housing announces that it is NOT going to make any changes to the eligibility map of USDA loans in San Diego County. Areas of Bonsall, Fallbrook, Julian and Ramona were expected to no longer be eligible effective October 1, 2014.  However, the President signed the “Continuing Appropriations Resolution, 2015” on September 19th. which extended the current criteria used to […]

USDA vs FHA

Posted Leave a commentPosted in FHA Loans, Mortgage Knowledge, USDA loans

  USDA home loans requires no money down and closing costs can be paid by the seller making USDA home loans a great alternative to FHA financing. The program is available for properties considered to be in a rural area in California.  There are many benefits to USDA Home Loans which buyers should be aware of […]