| Have you heard of USDA loans? If you’re a low-to-moderate-income homebuyer who doesn’t have a lot of money for a down payment and who needs lenient credit requirements, you (or your lender) are probably focused on FHA loans.
But if you haven’t taken a look at USDA loans, you may be missing out on an incredible opportunity.
If you’re saying to yourself, “But USDA loans are only for homes out in the sticks,” that’s understandable. It’s true that the loans were designed to help buyers in rural areas. But “rural” is a broader term than you may realize.
On the USDA website, you can enter an address in the search bar and check if it’s eligible, or you can drop a pin in a location to find out whether USDA financing is available in the area. Consider these interesting results: Frisco, TX, currently the fastest-growing city in the nation, is not eligible for a USDA loan, but Prosper, just to the north and being called, “The next Frisco,” is eligible. The popular Valencia, CA, north of Los Angeles is not eligible, but areas of Santa Clarita, the city in which Valencia is located, are eligible. There’s no harm in looking, and you might find a real gem in an up-and-coming area.
5265 Silver Ridge Ct. San Jose, CA 95138
Welcome to a one of a kind Silver Ridge Estate, located in the prestigious gated Silver Creek Valley Country Club. This home has magnificent views of the rolling hills. Walkthrough the elegant foyer with tall 17′ ceilings & wide staircase opening into the large living room with a marble fireplace and a picturesque oversized window with a view of the Country Club & golf course green.
The home also features:
- Tile floors
- Granite countertop & backsplash
- An abundant amount of storage in the kitchen
- Large kitchen island
- Butler’s pantry
- Built-in shelving in the family room & a master entertainment center
- Casual & formal dining rooms
- Downstairs guest suite
- Executive office
- An amazing master suite with a fireplace & balcony
- 2 rooms adjoining the master suite that can be used for exercise, nursery, study or extra closet
- Jack & Jill bedrooms
- Backyard featuring an outdoor kitchen, large covered patio, and lush green lawn.
This home is great for entertaining. Just in time for the holidays!
Bedrooms: 5 Bathrooms: 4.5
Square Feet: 4,763 Year Built: 1996