Your personal financial status determines the loan terms-There are loan variations for nearly every situation and level of funds--Your credit score and your Debt to Income ratio will drive the situation-
try Wells Fargo-1st Bank-US Bank and don't leave out the various mortgage Brokers who are very competitive -
The majority of the single family homes in Rancho Mirage (zip code 92270) are purchased as fee simple - meaning of course that you own the land when you purchase the home. There is a small group of single family homes in the Mission Hills Country club that sit on lease land however, beyond this specific area you will find very few lease land single family homes. However, condos in the Mission Hills area are primarily on lease land and there are quite a few lease land condos throughout Rancho Mirage.
We hope this helps you out and if you have any further questions please do not hesitate to let us know. Be sure to check out our website at www.homes4saleinranchomirage.com as well there are a lot of useful resources including a community breakdown for the 5 main cities in the Greater Palm Springs Valley, including Rancho Mirage.
Have a great day,
Robert Downing & Tracy Boomer
760.408.2965 - Robert's Cell
760.408.3022 - Tracy's Cell
firstname.lastname@example.org - Email address