Bob Sparks

REALTOR - CONSULTANTS

Consistently ranked in the top 10% in Shasta County Real Estate sales Bob & Sandee Sparks are Full Time, Full Service Realtors who have built a successful Real Estate business by providing clients with the highest level of service-PREMIER SERVICE. "We feel truly fortunate to serve an ever more diverse community of intelligent and caring clients and look forward to the opportunity to be of service to you."

Read More

Blogroll

View all listings

Tour Listings
Virtual Tour Inventory WidgetGet Adobe Flash Player

USDA No Down Financing for 1st Time Buyers

First Time Buyers
January 27th, 2009

As an agent who has taken a specific interest in assisting first time buyers I spend quite a bit of time making sure that I am knowledgeable on financing options that make this goal possible for my clients. Many of the clients who come to me have been told that buying is not a realistic option for them until they save up a considerable amount of money for a down payment. While saving money is always a great idea you should know your options.
First time buyers who have not been able to save up a down payment should know that there are still 100% financing options out there that can help get you in a home during this buyers market cycle. USDA Rural Development Housing Section 502 loans are 30 year loans that require no down payment. USDA loans are primarily used to help low-income individuals or households purchase homes in rural areas. Most of the area outside the Redding city limits would fall in this category. The published income limits are;
 
Family Size        1          2           3           4           5           6           7           8
LOW INCOME 30150   34450   38750   43050   46500   49950   53400   56850
MOD.INC-     49550   56600   63700   70750   76400   82050   87750   93400  
 
Contact us for more information on USDA financing and a list of USDA eligible homes.  
 
 
 

Sphere: Related Content

This entry was posted on Tuesday, January 27th, 2009 at 8:42 am and is filed under First Time Buyers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

  1. KARI KNERR said at January 28th, 2009 at 2:44 pm

    MY HUSBAND AND I ARE INTERESTED IN BUYING A HOUSE HOWEVER WE DO NOT HAVE ANY MONEY SAVED UP FOR A DOWN PAYMENT AND WE ARE PROBABLE MORE THEN LIKELY CONSIDERED LOW INCOME. WE WANT TO KNOW OUR OPTIONS ON BUYING A HOUSE IN THE COTTONWOOD,CA AREA. PLEASE WRIGHT ME BACK AND LET ME KNOW OUR OPTIONS.

    THANKS SO MUCH KARI

Leave a Reply

Copyright © 2008 Bob Sparks All rights Reserved
The material on this site may not be reproduced or otherwise used, except with the prior written permission of REPGMAC
Design by Real Estate Tomato     Powered by Tomato Blogs   Agent Login