Follow:

Tracie Schmidt

Producing Branch Manager

 

NMLS #269424

 

Direct: (858) 336 - 5200

 

Fax: (858) 264-1602

tracie.schmidt@supremelending.com

Branch Address:

 

1615 Murray Canyon Road Suite 1020

San Diego, CA 92108

This website is not authorized by the New York State Department of Financial Services to accept mortgage loan applications for properties located in New York.
                                   For New York applicants, please visit our New York authorized website: www.supremelending.com.


ADVERTISEMENT. EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org) 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. © 2019. This is not an offer to enter into an agreement. Information, rates, & programs are subject to change without prior notice and may not be available in all states. All products are subject to credit & property approval. Supreme Lending is not affiliated with any government agency. Intended for California consumers, Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License 4130655. Equal Housing Lender.. 

© 2019 EVERETT FINANCIAL, INC. D/B/A SUPREME LENDING NMLS ID #2129 (www.nmlsconsumeraccess.org). 14801 Quorum Dr., #300, Dallas, TX 75254. 877-350-5225. All rights reserved.

USDA Rural Loans

USDA Rural Loan:

The USDA Rural Housing Service has various programs available to aid low- to moderate-income rural residents to purchase, construct, repair, or relocate a dwelling and related facilities. USDA Rural Housing loan programs allow qualified homebuyers to get loans with minimal closing costs and no down payment.

Advantages:

Features:

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No down payment requirement

Property must be located in an eligible rural area

 

Closing costs can be added to the loan amount (if the property appraises high enough to include it at up to 102% of the appraised value)

 

Loan government guarantee fee with no monthly guarantee fee

 

Low interest rates

 

Applicants with a wide range of credit profiles may qualify

 

Income eligible applicants who do not qualify for conventional financing may qualify

 

Families & individuals that have minimal funds for a down payment and closing costs includes first time homebuyers and repeat homebuyers

 

Seller concessions – 6% max

 

No cash reserve requirement

 

No Non-Allowable costs

 

No First Time Homebuyer Requirement

 

30 Year Loan @ competitive fixed rate

 

No limit on gift funds

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Property must be in very good condition and have a high insulation R-factor

You can not make over 50% of 115% of the median county income to qualify

 

Must be able to verify income limits