Question 1

Do I need to put money down with a USDA loan?

Accepted Answer

No — USDA loans require zero down payment. You finance 100% of the purchase price, which is the core advantage over conventional (5-20% down) and FHA (3.5% down).

Question 2

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

Accepted Answer

At 5.625% with 0.435 discount points ($870 upfront), the monthly principal and interest payment is $1,151 on a $200,000 loan. That's before property taxes and insurance.

Question 3

Does my Del Mar property qualify for USDA financing?

Accepted Answer

Only if it's in a USDA-eligible rural area. Check the USDA's property eligibility map first — many Del Mar homes fall outside rural zones. If your address doesn't qualify, USDA is off the table.

Question 4

What credit score do I need for a USDA loan?

Accepted Answer

You need a 740 FICO minimum. Income limits cap at 115% of San Diego County's area median, roughly $117,628. Debt ratios must stay under 41% front-end and 50% back-end.

Question 5

How long does a USDA loan take to close?

Accepted Answer

Expect 45-60 days. USDA loans move slower than conventional because the USDA guarantee happens after closing. Property eligibility verification adds time upfront.

USDA 30-Year Fixed in Del Mar: Zero-Down Financing for Eligible Rural Properties