What is a reverse mortgage?

A reverse mortgage allows homeowners aged 62 or older to convert part of their home equity into cash. Unlike a traditional mortgage, the loan does not require monthly payments, and the balance is repaid when the home is sold or the borrower moves out.

Who qualifies for a reverse mortgage?

To qualify, you must be at least 62 years old, own your home outright or have a low mortgage balance, and live in the home as your primary residence. You also need to meet lender and HUD requirements.

What are the risks of a reverse mortgage?

While reverse mortgages provide access to home equity, they can reduce the inheritance left to heirs and increase the loan balance over time due to interest and fees. It’s important to fully understand the terms and plan ahead.

USDA LOAN

When “Home” Is Outside the City Limits

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What is a USDA Loan?

USDA loans are government insured 100% purchase loans for rural property outside of major metropolitan areas. These loans are serviced by direct lenders that meet federal guidelines. USDA loans offer unique benefits, including no down payment requirements for buyers.

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Not Just for Farmland

If you live outside of a major metropolitan area, then you may qualify for a this loan. As a matter of fact, millions of borrowers are eligible for a USDA loan, the only program that offers 100% financing available* to buyers who haven’t served in the military. The county and zip code of the home you want to purchase may meet the guidelines as long as it is outside of a major metropolitan area.

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No Down Payment Required

Conventional loan can require a 20% down payment*, but USDA loans stand alone in offering 100% purchase financing with no down payment requirements. As long as you meet the USDA requirements, you can get 100% financing when you purchase your rural home.

Happy family eating outdoors with USDA loan

We’re here to help.

The requirements for a these loans are very specific, so our specialized loan experts at JJ Mack Team can help determine if you qualify under the current guidelines. The location of the home, your income, credit history, and number of dependents will determine eligibility for this fantastic program.

* Qualifying factors may apply

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LET'S CHAT

Frequently Asked Questions

Q: What makes your mortgage process different from other lenders in Roseville?

Our mortgage process focuses on speed, communication, and flexibility. As a local Roseville mortgage broker, we compare loan options across multiple lenders to find the best fit for your needs rather than offering a single bank’s products. You get personalized guidance, faster updates, and a smoother homebuying experience from start to finish.

Q: How fast can I get pre-approved for a home loan?

Most homebuyers can receive a pre-approval within the same day once documents are submitted. Many borrowers even receive a pre-approval in just a few hours. As a local mortgage broker, we streamline the process by reviewing your information quickly and matching you with the right lender for your timeline.

Q: Can I get help comparing different loan options?

Yes. We help you compare mortgage options side-by-side, including conventional, FHA, VA, jumbo, and first-time buyer programs. Because we work with multiple lenders, we can show you different rates, payment scenarios, and qualification requirements so you can choose the loan that aligns best with your goals.