Question 1

Are all homes in Covina eligible for USDA loans?

Accepted Answer

No, only properties in USDA-designated eligible areas qualify. Many suburban Covina neighborhoods may qualify, but urban zones typically do not. Check the USDA eligibility map for specific addresses.

Question 2

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

Accepted Answer

Income limits vary by household size and are set by USDA for Los Angeles County. Your total household income must fall below these thresholds to qualify for the program.

Question 3

Can I use a USDA loan for a second home or investment property?

Accepted Answer

No, USDA loans require the property to be your primary residence. You must live in the home full-time and cannot use this program for investment or vacation properties.

Question 4

How long does USDA loan approval take in Covina?

Accepted Answer

USDA loans typically take longer than conventional loans due to government review processes. Working with an experienced local broker can help expedite the application and approval timeline.

Question 5

Do USDA loans require mortgage insurance in Covina?

Accepted Answer

USDA loans include an upfront guarantee fee and annual fee instead of traditional mortgage insurance. These fees help fund the program but are generally lower than FHA mortgage insurance.

USDA Loans in Covina: Zero Down Payment Home Financing for Eligible Buyers