Question 1

What are the income limits for USDA loans in Sanger?

Accepted Answer

Limits vary by household size in Fresno County. A family of four cannot exceed approximately $103,500 annual income, adjusted yearly by USDA.

Question 2

How long does USDA loan approval take in Sanger?

Accepted Answer

Expect 30-45 days from application to closing. Experienced USDA lenders close faster than banks who rarely process these loans.

Question 3

Can I use a USDA loan on any Sanger property?

Accepted Answer

No. The property must fall within USDA-designated rural zones and meet condition standards. Check eligibility maps before making offers.

Question 4

Do USDA loans require mortgage insurance?

Accepted Answer

Yes. You pay a 1% upfront guarantee fee plus 0.35% annual fee. Both costs are lower than FHA mortgage insurance premiums.

Question 5

What credit score do I need for USDA financing?

Accepted Answer

Most lenders require 640 minimum. Some approve at 620 with compensating factors like low debt-to-income ratios or cash reserves.

USDA Loans in Sanger: Zero Down on Suburban Homes with Government Backing