Question 1

Can I use a USDA loan in Foster City?

Accepted Answer

No. Foster City falls outside USDA-eligible zones due to population density and urbanization. FHA or conventional loans work better here.

Question 2

What credit score do I need for USDA?

Accepted Answer

Most lenders want 640 minimum. Some approve lower scores with strong compensating factors like low debt ratios or cash reserves.

Question 3

How long does USDA loan processing take?

Accepted Answer

Expect 45-60 days from application to close. Government guarantee review adds time compared to conventional loans.

Question 4

What are USDA income limits in San Mateo County?

Accepted Answer

Caps vary by household size at 115% area median. High Bay Area incomes disqualify many applicants even in eligible zones.

Question 5

Does USDA charge mortgage insurance?

Accepted Answer

Yes, through an upfront guarantee fee and annual fee. It costs less than FHA but stays for the loan life.

USDA Loans in Foster City: Zero Down on Eligible Properties