Check Out the Benefits of a USDA Loan

USDA loans offer several benefits when compared to other traditional home loan options. You receive a 30-year fixed rate with extremely low-interest rates. There’s no down payment or money out of your pocket required, especially if you ask the seller to pay their share (up to 6%) in closing costs. Mortgage insurance on these types of loans is also quite low when compared to conventional or FHA home loans. You also get access to a streamlined refinancing option that’s only available to USDA homeowners.

Make Home Ownership
a Reality With MegaStar Financial

Getting a USDA home loan is a great way to make your dream of owning your own home a reality. This video will help you learn more about how to make homeownership a reality with the experts at MegaStar Financial.

MegaStar: A USDA Loan Expert

The United States Department of Agriculture offers the USDA loan as an option for borrowers to find houses located in rural, and some suburban, areas. For those looking to purchase a home outside the Shasta County city limits, this may be a wonderful option. If you meet the guidelines set forth by the USDA and prefer a home that’s surrounded by peace and quiet, instead of the city hustle, then this may be a great option for you.

There are a few important notes about USDA loans. You must have the funds to pay your mortgage insurance payment on time. You must also be able to pay a small fee for an upfront guarantee that’s required on USDA loans. This is rolled into the cost of the loan. There are strict income limitations for buyers. These types of loans tend to take longer to be approved than other types of loans. There are only certain areas where USDA loans are available, luckily Shasta County is one of these areas.

Income and Property Location Eligibility

There are strict income and property location limits when it comes to USDA home loans. You’re only able to take out this type of loan in certain areas and counties. Each county where USDA loans are eligible will have their own specific income eligibility requirements. There are some parts of Redding, California that are eligible for USDA financing. Currently, anywhere you go outside the city limits will also qualify for a USDA loan.

The experts at MegaStar Financial are the trusted providers of USDA home loans in Redding, California. If you’re searching for a loan that works for you, let our experts help you find a loan that will best fit your needs. Can’t make it to the office? Reach out by phone at 530-999-9000.