If you’re not familiar with the USDA 100% financing program, I am happy to inform that there is money available for PURCHASE transactions. If you have any clients looking for primary residences in the Tahoe Area, this could be a great low (NO) down payment option.


· 1 loan – 100% financing

· No mortgage insurance

· 30 year fix

· Current market rates

· Owner occupancy required

· Maximum Income limits:

o $79,550 (1-4 person family)

o $105,000 (5-8 person family)

· Credit: There is no minimum credit score, but credit is very much considered in the evaluation of overall credit worthiness. 700+ is a good place to be.

· Property: Must be in what the USDA considers a “rural” area. Fortunately, Truckee qualifies. Properties can be verified here: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

· Debt to income ratios: 41%

· US Citizenship

· Residential properties only. May not be used for income production.

· Home must be structurally sound, functionally adequate, and in good repair.



Ephraim Schwartz

Partner, Mortgage Consultant CMPS

O’Dette Mortgage Group

530-550-5725 (Tahoe office)* 11209 Brockway Rd.. #304, Truckee, CA 96161

415-297-8514 (Cell)

866-304-8323 (fax)


NMLS# 305985

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