Rudy, if you give me a call I will hook you up with the best lender, here at a local bank.Nipomo is in an approved area for USDA financing.It is 100% financing with very low interest, and essentially no mortgage insurance premiums to ad to your monthly payment. It is income restricted so if you are making too much money and are overqualified it won't work for you. But the options and opprortunities are many,be sure you select the best Realtor to assist you. Distressed sales are great buys but termite reports and any other work or repairs may not be allowed. They generally disallow home buyer warranties as well. Call me, Erin at 805-540-8485 to discuss our programs for providing these reports and warrantie for our buyers!! - Mon May 7, 2012