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Loomis sits in a stretch of Placer County that USDA still maps as eligible rural territory. That matters — zero down financing is available here when it isn't in most of Greater Sacramento.
USDA eligibility boundaries shift as population grows. Loomis has stayed under the threshold so far, but buyers should verify current maps before building a purchase plan around this program.
0%
Down Payment
640
Min Credit Score
1% of loan amount
Upfront Guarantee Fee
0.35% / year
Annual Fee
Loomis eligible as of 4/2026
Eligibility Status
USDA Loans in Loomis
USDA loans have two hard filters: location and income. The property must be in an eligible area. Your household income must stay under the local limit — in Placer County that limit is higher than most California counties.
Credit-wise, most lenders want a 640 score for automated approval. You can go lower, but it triggers manual underwriting and a much slower process. Debt-to-income ratio caps sit around 41% on the back end.
Local decision guide
Use this guide to connect usda loans eligibility, lender expectations, and local market factors before comparing payment options in Loomis.
Loomis sits in a stretch of Placer County that USDA still maps as eligible rural territory. That matters — zero down financing is available here when it isn't in most of Greater Sacramento.
USDA eligibility boundaries shift as population grows. Loomis has stayed under the threshold so far, but buyers should verify current maps before building a purchase plan around this program.
USDA loans have two hard filters: location and income. The property must be in an eligible area. Your household income must stay under the local limit — in Placer County that limit is higher than most California counties.
Not every lender offers USDA loans. Banks that focus on conventional volume often skip the program entirely. You need a lender approved through USDA's Guaranteed Loan Program — that list is shorter than it looks.
At SRK CAPITAL we work with 200+ wholesale lenders. Several specialize in USDA and know Placer County eligibility cold. That coverage matters when you're shopping a niche program like this.
USDA's annual guarantee fee and monthly fee structure is often misunderstood. The upfront fee is 1% of the loan amount — it rolls into your loan. The annual fee is 0.35% — it adds to your monthly payment.
Buyers often compare USDA to FHA and fixate on the upfront cost. Run the full payment comparison. USDA's monthly fee is lower than FHA's MIP in most scenarios, and you started with zero down.
FHA requires 3.5% down and charges a higher monthly insurance premium. USDA beats FHA on monthly cost for most buyers — but only if your income and the property location both qualify.
Conventional loans need at least 3% down and strong credit to ditch PMI (private mortgage insurance). VA is the only program that rivals USDA's zero-down terms, and that requires military service.
Loomis attracts buyers who want acreage and space without pushing into the Sierra foothills. That rural character is exactly why USDA eligibility holds here. Lot sizes and property types still fit USDA's rural definition.
As of April 2026, Loomis remains eligible — but Placer County is growing fast. Auburn, Rocklin, and Roseville have lost USDA eligibility as they urbanized. Loomis could follow. Buy now if the numbers work.
As of April 2026, Loomis falls within USDA rural eligibility boundaries. Always verify the current map at usda.gov before making offers.
Placer County limits run higher than most California counties due to local median income levels. Check USDA's income tool for your exact household size.
Most lenders want a 640 score for automated approval. Lower scores are possible but require manual underwriting and take longer to close.
Yes, but the land value cannot exceed a reasonable ratio to the home's value. Large agricultural parcels can create appraisal issues.
The 1% upfront fee rolls into your loan balance. The 0.35% annual fee splits across your monthly payments — cheaper than FHA's MIP for most borrowers.
No. USDA requires the home to be your primary residence. Investment properties and vacation homes are not eligible.