Santa Clarita Weekly

Your source for news, fun features, stats and tips for homeowners and those who want to become one.

11/20/18
Business & Finance

Guide to USDA Loans

To ensure the USDA loan process works as intended, the USDA will determine income restrictions depending on the area in which an applicant wishes to purchase a home.

To ensure the USDA loan process works as intended, the USDA will determine income restrictions depending on the area in which an applicant wishes to purchase a home. STEVENSON RANCH and some parts of ACTON and AGUA DULCE are considered "rural" by the USDA.. This is a giant loophole allowing a few savvy prospective home buyers a chance to purchase a home they might not otherwise be able to qualify for, by supplying the down payment money. It must be re-paid later. Here are some of the rules. Check them out at: https://spark.adobe.com/page/hn4LlXSN9GM9I/

Dave Ramsey - How To Buy A Home

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