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Huron qualifies for USDA financing as a rural community in Fresno County. Most properties here meet the program's location requirements without issue.
Zero down payment makes this the strongest option for buyers who can't save 3-5% for conventional or FHA loans. Income limits apply but accommodate most working families in this area.
USDA Loans in Huron
You need a 640 credit score minimum, though some lenders approve at 620 with manual underwriting. Income can't exceed 115% of the area median for your household size.
The home must be your primary residence and meet USDA property standards. Investment properties and second homes don't qualify under any circumstances.
Local decision guide
Use this guide to connect usda loans eligibility, lender expectations, and local market factors before comparing payment options in Huron.
Huron qualifies for USDA financing as a rural community in Fresno County. Most properties here meet the program's location requirements without issue.
Zero down payment makes this the strongest option for buyers who can't save 3-5% for conventional or FHA loans. Income limits apply but accommodate most working families in this area.
You need a 640 credit score minimum, though some lenders approve at 620 with manual underwriting. Income can't exceed 115% of the area median for your household size.
Not all lenders handle USDA loans because processing takes longer than conventional deals. We work with 15-20 USDA-approved lenders who price competitively for Central Valley properties.
The guarantee fee replaces mortgage insurance but works similarly. You'll pay 1% upfront plus 0.35% annually, both lower than FHA's insurance costs.
USDA approval takes 7-10 days longer than conventional because the property needs rural eligibility verification. Start this process early to avoid delays.
Some buyers assume Huron won't qualify because it feels urban. The USDA map shows nearly all local addresses are eligible, but verify your specific property first.
FHA requires 3.5% down and charges higher mortgage insurance for the loan's life. USDA costs less monthly and needs zero down if you qualify on income.
Conventional loans at 3% down beat USDA for buyers earning over the income limit. But you'll need stronger credit and larger reserves to get approved.
Most Huron homes fall below the USDA price ceiling without issue. Appraisals can run tight on older properties that need safety or structural repairs.
Processing speed depends on whether your lender has delegated authority from USDA. Ask upfront if they handle approvals internally or send files to the regional office.
Only if repairs are cosmetic. Major issues like foundation cracks or roof damage must be fixed before closing, which kills most distressed property deals.
W-2 wages, self-employment profit, Social Security, pensions, and child support all count. Some lenders average two years of income, others use the lower year.
Expect 7-10 business days for rural eligibility and conditional approval. Full clear-to-close takes 35-50 days depending on appraisal and title turnaround.
Most do, but check the USDA eligibility map for your exact address. Some parcels near city centers may fall outside the eligible zone.
Yes, no prepayment penalties exist. You can refinance to conventional, FHA, or another USDA loan anytime rates or equity make it worthwhile.