Question 1

Are homes in Rialto eligible for USDA loans?

Accepted Answer

Some Rialto properties qualify depending on their specific location. Eligibility is determined by USDA maps that designate rural and suburban areas. A mortgage broker can verify eligibility for any address.

Question 2

What income limits apply for USDA loans in San Bernardino County?

Accepted Answer

Income limits vary based on household size and county median income levels. Most areas require household income below 115% of area median. Your broker will confirm current limits for your situation.

Question 3

Do USDA loans require mortgage insurance?

Accepted Answer

Yes, USDA loans include an upfront guarantee fee and annual fee. These costs are typically lower than FHA mortgage insurance premiums. The upfront fee can be financed into your loan amount.

Question 4

How long does USDA loan approval take in Rialto?

Accepted Answer

Processing times range from 30 to 45 days depending on lender efficiency and documentation. USDA loans require additional property eligibility verification. Working with experienced lenders speeds the process.

Question 5

Can I use a USDA loan for investment property in Rialto?

Accepted Answer

No, USDA loans are only available for primary residences. You must live in the home as your main residence. Investment properties and vacation homes do not qualify for this program.

USDA Loans in Rialto: Zero Down Payment Home Financing for San Bernardino County