USDA Loans

USDA Rural Housing guarantees purchase or rate-and-term refinance transactions with terms of 30 year fixed, fully amortized only. USDA RH loans may be used in conjunction with other financing programs, including CALHFA and other locally sponsored Community Second programs.

USDA Rural Housing

  • Minimum 620 FICO
  • 102% LTV of appraised value with no MI
  • No cash reserve requirement
  • No down payment required
  • Closing costs may be financed if appraised value is higher than sales price
  • Up front Guarantee Fee may be financed into the loan
  • USDA Income and Property Eligibility Site