Would you consider a home in an eligible rural area if the financing fit your budget? Let’s first check the property location and your household’s eligibility, then compare the options.
The USDA Single Family Housing Guaranteed Loan Program helps eligible low- and moderate-income households buy a primary residence in qualifying areas. Eligible borrowers may obtain financing without a down payment. Credit, income, repayment ability, property and lender requirements still apply.
USDA eligibility is based on the specific property location. A conversation with a Downey mortgage broker does not mean a home in Downey qualifies. Use the official USDA eligibility tool and confirm the property with the lender.
A no-down-payment loan does not necessarily cover every cost. We’ll review the estimated cash needed and compare available alternatives before you choose a path. Program availability varies by lender.
Tell us what you’re considering and what feels uncertain. Call (562) 524-5888 or ask Charlie a question. Guidance is available in English or Spanish from our Downey office, serving nearby communities including Norwalk, Bellflower, Cerritos and Whittier.
Explore other loan programs · Planning an ADU?
Elevate Mortgage, NMLS 2387326. Charlie Lara, NMLS 2251128. This is not a commitment to lend. All loans are subject to credit approval, underwriting, property review and program guidelines. Not all applicants will qualify. Equal Housing Opportunity.