Question 1

Do I need a down payment for a USDA loan in Fort Bragg?

Accepted Answer

No. USDA loans require zero down. You bring closing costs only. That's the core advantage — no savings requirement to buy.

Question 2

What's the monthly payment on a $200,000 USDA loan at today's rate?

Accepted Answer

Principal and interest run $1,215 monthly at 6.125%. Add property taxes, insurance, and the 0.35% annual USDA fee (roughly $58/month) to get your total housing payment.

Question 3

Do I pay mortgage insurance on a USDA loan?

Accepted Answer

No mortgage insurance. USDA charges a 1% upfront fee and 0.35% annual fee instead. Over 30 years, that's cheaper than FHA's lifetime insurance.

Question 4

What credit score do I need for USDA in Fort Bragg?

Accepted Answer

Most lenders require 740 FICO. Some go as low as 620 with compensating factors like strong income or reserves. Call to discuss your specific score.

Question 5

Does my income disqualify me from USDA in Mendocino County?

Accepted Answer

USDA caps household income at 115% of Mendocino County's median, which is $74,392. If you earn under that, you qualify. Above it, you don't.

USDA 30-year fixed in Fort Bragg: zero down, rural financing for Mendocino County homebuyers