LENDERLINE^® is currently offering 100% LTV USDA loans for rural properties located in the State of California.

• The property must be located in the State of California.
• The property must be in a USDA eligible area, look up here.
• USDA income limits apply, look up here.
• 100% loan-to-value. Requires no down payment.
• You choose your own architect, building design and building contractor.
• This is a one-time close mortgage which includes construction and permanent financing.
• Closing costs may be paid by the seller up to 6% of the purchase price.
• Closing costs may be gifted from an immediate family member.
• One-time USDA guarantee fee may be financed.
• Minimum credit score of 620. Manual underwriting not permitted.
• First-time homebuyers OK.
• The borrower cannot own any other properties.
• The property must be used as a primary residence.
• Second homes and investment properties not allowed under this loan program.
• W-2 wage earner or self-employed.
• SFR, PUD, modular homes and multi-width manufactured homes allowed.
• Working farms, condominiums/townhomes, and 2-4 unit properties not allowed.
• No reserve requirements.
• Debt-to-income ratios cannot exceed 29/41%, or 32/44% with compensating factors.
• Borrowers must be U.S. citizens or permanent residents with valid work authorization.
• No foreign nationals or undocumented ITIN workers allowed on this program.
• 30-year fixed rate.
• No prepayment penalty.

LENDERLINE^® is your 100% LTV USDA construction to permanent lender of choice. 100% LTV USDA loans are our specialty. USDA mortgages allow you to do construction-to-permanent loans.

Questions? To get today’s interest rates or to receive a FREE mortgage consultation, call LENDERLINE^® toll-free at 1-888-661-7888, or complete this form to schedule an appointment.