Question 1

Can I use a USDA loan in South San Francisco proper?

Accepted Answer

No. South San Francisco's urban density disqualifies it from USDA eligibility. You'd need to look at less dense areas in southern San Mateo County or adjacent counties.

Question 2

What credit score do I need for USDA loans?

Accepted Answer

Most lenders require 640 minimum. Some go as low as 580 but with stricter compensating factors. Higher scores get better rates and faster approvals.

Question 3

How does USDA compare to FHA for first-time buyers?

Accepted Answer

USDA requires zero down versus FHA's 3.5%. USDA mortgage insurance costs less but only works in eligible rural areas. FHA works anywhere.

Question 4

What are San Mateo County income limits for USDA?

Accepted Answer

Limits vary by household size and specific location. A family of four can typically earn up to $150K in high-cost San Mateo County. We verify exact limits for your situation.

Question 5

How long does USDA loan approval take?

Accepted Answer

Expect 30-45 days with experienced lenders. USDA adds property eligibility verification and rural housing standards review. Inexperienced lenders take longer.

USDA Loans in South San Francisco: Zero Down in a Competitive Market