Question 1

Does Baldwin Park qualify for USDA loans?

Accepted Answer

Some Baldwin Park properties qualify depending on their specific location. USDA eligibility varies by neighborhood, so verification is required for each property address.

Question 2

What income limits apply for USDA loans in Los Angeles County?

Accepted Answer

Income limits depend on household size and cannot exceed 115% of area median income. Contact a mortgage broker for current limits specific to your situation.

Question 3

Can I use a USDA loan for investment property in Baldwin Park?

Accepted Answer

No, USDA loans require the property to be your primary residence. Investment properties and second homes do not qualify for this program.

Question 4

How does USDA financing compare to FHA loans?

Accepted Answer

USDA loans require zero down payment while FHA requires 3.5% minimum. Both have mortgage insurance, but USDA has income and location restrictions that FHA does not.

Question 5

What credit score do I need for a USDA loan?

Accepted Answer

Most lenders require a minimum 640 credit score for USDA loans. Some may accept lower scores with compensating factors and manual underwriting approval.

USDA Loans in Baldwin Park: Zero Down Payment Home Financing