Question 1

Is Oxnard eligible for USDA loans?

Accepted Answer

Most of Oxnard's urban core does not qualify. Some surrounding Ventura County areas do. Always verify the specific address on the USDA eligibility map.

Question 2

What income limit applies for USDA in Ventura County?

Accepted Answer

USDA income limits are set by county and household size. Ventura County limits are higher than many rural counties — check current figures before assuming you don't qualify.

Question 3

Do I need a down payment with a USDA loan?

Accepted Answer

No. USDA loans require zero down payment for eligible borrowers. Closing costs may still apply, though some can be rolled into the loan.

Question 4

What credit score do I need for a USDA loan?

Accepted Answer

Most lenders want a 640+ score for automated approval. Below 640, manual underwriting is required and approval gets harder. Rates vary by borrower profile and market conditions.

Question 5

How does USDA mortgage insurance compare to FHA?

Accepted Answer

USDA charges an upfront guarantee fee plus an annual fee. Both are typically lower than FHA's mortgage insurance premiums, saving you money over the life of the loan.

Question 6

Can I use a USDA loan to buy a home outside Oxnard?

Accepted Answer

Yes. If you're flexible on location, nearby Ventura County areas may qualify. A broker can help you map eligible zones that still fit your commute.

USDA Loans in Oxnard, CA — Zero Down for Eligible Buyers