Loading
Loading
Corcoran sits in Kings County, deep in California's Central Valley. That geography matters — USDA maps it as eligible rural territory.
Zero down payment financing is rare in California. In Corcoran, USDA makes it a real option for qualified buyers.
0%
Down Payment
640 (automated)
Min Credit Score
1% of loan amount
Upfront Guarantee Fee
0.35% of balance
Annual Fee
30–45 days
Typical Close Time
USDA Loans in Corcoran
USDA loans have two hard requirements: the property must be in an eligible area, and your income can't exceed the local limit.
Most lenders want a 640 credit score for automated approval. Below that, your file needs manual underwriting — slower and harder.
Local decision guide
Use this guide to connect usda loans eligibility, lender expectations, and local market factors before comparing payment options in Corcoran.
Corcoran sits in Kings County, deep in California's Central Valley. That geography matters — USDA maps it as eligible rural territory.
Zero down payment financing is rare in California. In Corcoran, USDA makes it a real option for qualified buyers.
USDA loans have two hard requirements: the property must be in an eligible area, and your income can't exceed the local limit.
Not every lender offers USDA loans. Many banks skip them entirely because the guarantee process takes more work.
As a broker with access to 200+ wholesale lenders, we find USDA specialists who close these deals efficiently.
The USDA guarantee fee works like FHA mortgage insurance. There's an upfront fee and an annual fee — both are lower than FHA's.
Sellers can pay closing costs under USDA guidelines. In a slower market like Corcoran, negotiate that into your offer.
FHA requires 3.5% down. USDA requires zero. On a $250,000 purchase, that's $8,750 you keep in your pocket.
VA beats both — also zero down with no monthly insurance. But VA is for veterans only. USDA is open to any eligible buyer.
Kings County income limits for USDA are set by household size. Larger families get higher caps — check current limits before assuming you're over.
Corcoran's agricultural economy means many residents earn steady but modest incomes. USDA was built for exactly this borrower profile.
Yes, Corcoran currently qualifies as a USDA-eligible rural area. Verify the specific property address on the USDA eligibility map before making an offer.
USDA sets limits by household size, not a single number. A family of four has a higher cap than a single borrower — check USDA's site for current Kings County figures.
No, but 640 gets you automated approval. Below that, expect manual underwriting, which means more documentation and a longer timeline.
The property must meet USDA's minimum condition standards. Major repairs or safety issues can kill the deal — inspect carefully before applying.
Expect 30–45 days minimum. USDA loans require a second review by the agency, which adds time compared to conventional loans.
Yes, if the appraised value supports it. You can also ask the seller to cover closing costs — both strategies work under USDA guidelines.