USDA No Down Payment Loans in SLV

Did you know the USDA (US Department of Agriculture), the people who approve your meat, are in the business of making home loans? Not only are they in this business, but they offer low interest, no money down loans in specific areas. One of these areas happens to be the San Lorenzo Valley (also Watsonville, Salinas, and Hollister) for people with credit scores as low as 640 and rebates which can be used for closing costs and other items including possibly renovation.

Does this sound like "here we go again" with the government giving loans to people who can't afford them? Possibly, although qualification is supposedly more thorough than before, but with interest rates at historic lows it also means you can buy in San Lorenzo Valley in many cases cheaper than you can rent.

I'd love to shout from the roof top that this is crazy. What the hell is the government doing giving loans out and why in the heck is the Department of Agriculture, a department that has expanded way beyond its original scope, in this business, but for those in SLV who want to take advantage it might be a great opportunity, as the regions these are available get adjusted after October due to the 2010 census.

The argument I always fight with is not agreeing with government giveaways, but at the same time should I not take advantage of them if they are offered? Somebody is going to use them, so it might as well be me. In the meantime I'm going to pressure this ludicrous behavior of our Administration and Congress.

Just in case your interested in getting a piece of your government pie back you can contact Marjorie Vickner at Century 21 - Showcase ( or Pogie Calderon at Meyer Mortgage ( for details.

Don't forget to also call Ms. Anna and tell her that this is a completely irresponsible move for our government to make. Why are these programs being done? What does this have to do with agriculture. We know SLV grows a few things, but not exactly what the Federal government condones, but that is a whole different argument and article.

Oh, and a little disclosure... I'm working with Marjorie assisting her activities.