Question 1

Does Santa Maria qualify for USDA loans?

Accepted Answer

Parts of Santa Maria are USDA-eligible. Eligibility depends on the specific property address. Always confirm on the USDA map before making an offer.

Question 2

What is the income limit for USDA loans in Santa Barbara County?

Accepted Answer

USDA income limits are based on household size and county. Santa Barbara County limits are higher than national averages due to local cost of living.

Question 3

Do I need a down payment for a USDA loan?

Accepted Answer

No. USDA loans require zero down payment. You may still need cash for closing costs unless you can finance them through the loan.

Question 4

What credit score do I need for a USDA loan?

Accepted Answer

Most lenders require a 640 score for automated underwriting. Lower scores may qualify through manual review — but expect more documentation.

Question 5

Can I buy a rental property with a USDA loan?

Accepted Answer

No. USDA loans are for primary residences only. Investment properties and vacation homes don't qualify.

Question 6

How does USDA mortgage insurance compare to FHA?

Accepted Answer

USDA's annual fee is typically lower than FHA's mortgage insurance premium. It adds up to real savings over the life of the loan.

USDA Loans in Santa Maria, CA — Zero Down, Real Eligibility