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."

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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.  
 
 
 

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  1. KARI KNERR

    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

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