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USDA Loans in Dixon
Dixon qualifies for USDA financing as a designated rural area. Most properties east of the city center and in agricultural zones meet location requirements.
Home prices in Dixon typically fall well within USDA limits. The bigger hurdle is household income — many dual-income families exceed the caps for Solano County.
USDA requires 640+ credit and household income below 115% of area median. For Solano County, that's roughly $111,000 for a family of four in 2024.
You need stable two-year employment history. W-2 earners qualify easiest, but documented self-employed income works if you show consistent cash flow.
Not every lender handles USDA loans. Many big banks skip them entirely because processing takes longer and profit margins run thin.
We work with specialized USDA lenders who understand rural property appraisals. Turnaround times run 35-45 days versus 25 for conventional loans.
The zero down benefit looks attractive until you hit the income ceiling. We see many Dixon buyers make $5,000 too much and have to pivot to FHA with 3.5% down.
Property condition matters more than conventional loans. USDA appraisers flag peeling paint, roof issues, and septic problems that conventional appraisers might overlook.
FHA requires 3.5% down but has no income limits. If you exceed USDA caps, FHA costs about $12,000 more upfront on a $350,000 Dixon home.
VA beats USDA if you qualify — no funding fee versus 1% USDA guarantee fee, and VA appraisals are less strict on cosmetic issues.
Dixon's mix of in-town subdivisions and rural parcels creates eligibility confusion. Properties within city limits often qualify, but newer annexations may not.
Well and septic properties need inspections before USDA approval. Budget $800-1,200 for well testing and septic certification from licensed contractors.
Solano County caps household income around $111,000 for four people. Higher earner counts eliminate USDA eligibility regardless of home price.
Expect 35-45 days due to government underwriting. Rural property appraisals add time versus suburban conventional loans.
Most do, but recently annexed areas may not. We check USDA eligibility maps before you make offers to avoid wasted time.
Yes, with two years of tax returns showing stable income. Qualifying income must stay under Solano County caps after business deductions.
Peeling exterior paint, roof damage, and failing septic systems trigger repair requirements. Budget for fixes before closing if appraisal flags issues.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.