San Diego's #1 0% Down USDA Home Loan Q & A in 2021

(Please note: These numbers have been updated for 2021)

In this video I break down some common questions I get of the $0 down USDA mortgage loan right here in San Diego.

This mortgage loan is great for anyone that wants to live on the outskirts of San Diego (think Fallbrook, Pauma Valley, Ramona, Julian, Palomar Mountain, Campo, etc), doesn't have a down payment, extremely low interest rates (think low to mid 2's), and lower monthly mortgage insurance than an FHA or conventional loan.

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Without further ado - let's jump into the common questions I get about the USDA home loan.

Question #1 - I Love Your Videos - Sometimes I Just Don't Have the Time to Watch - Can You Break Down the USDA Loan as Simply as You Can?

Yes, the loan is address specific - you can see if a specific address works here.

Then, it has a max income limit depending on how many people are in your household - you can enter in your own basic details here.

You need a minimum credit score of around 620.

You can have a max 34%/46% debt to income ratio.

Those are the major points.

Question #2 - I Get USDA Loans Have Lower Interest Rates, Lower MI, and Therefore Will Be a Lower Mortgage Payment - How Much Would it Be for "X"?

Yes, without you filling out an application, providing supporting documents, and running your credit and knowing your score, and DTI ratios - here's general numbers I give so you can have a rule of thumb.

It costs about $550 per $100,000 financed for a total housing payment - that's principal, interest, taxes, homeowners insurance, and mortgage insurance (if there's HOA add that on top).

Keep in mind - a USDA loan does *not* have a maximum loan amount - if you qualify, regardless the sales price, it works:

$300,000 x $550 = $1,650 per month

$400,000 x $550 = $2,200 per month

$500,000 x $550 = $2750 per month

$600,000 x $550 = $3,300 per month

$700,000 x $550 = $3,850 per month

$800,000 x $550 = $4,400 per month

$900,000 x $550 = $4,950 per month

$1 Million x $550 = $5,500 per month

Question #3 - What Types of Properties Can I Get a USDA Loan For?

I personally just work with homes, town homes, and condos. You need to live in the property as owner occupied. So, I do *not* work with land, mobile home, manufactured homes, or working farms.

Question #4 - I Am Confused - This Loan Sounds Too Good to Be True - What Am I Missing? Why Doesn't Everyone Get One?

Let's keep in mind it's address specific. So, that automatically cuts out everything in San Diego in metro areas or think higher populated areas like North County Coastal, San Diego Coastal, San Diego Central, South Bay, most of North County Inland, some of East County.

Besides that - if your income is less than the max allowed, your credit score is decent, and the debt to income ratios work - than, there's no catch.

Question #5 - I Have Had a Foreclosure (or Bankruptcy) Can I Still Take Advantage of a USDA Loan?

Yes, if you had a chapter 7, it's 3 years from the discharge date. We would need your chapter 7 paperwork *and* discharge - that's usually around 60 pages.

If you have had a foreclosure - that's 3 years as well. And, we need the foreclosure paperwork.

If you have had a short sale - that's 3 years as well. And, we need the short sale paperwork.

Here's your steps to begin:

Fill out my online application in 10 minutes or less at

Once complete, log back in, finish application, and upload your needed documents

I will be alerted, check everything over, run your credit, review, and contact you about best scenario.

Here's more San Diego USDA home loan videos below:

SD USDA Program Highlights

5 SD USDA Program Secrets

SD USDA Program Q & A

SD USDA Program Needed Documents

Feel free to leave any comments or questions below.

Leave me a comment below – or, contact me here

Your USDA Insider,


5 San Diego USDA Loan Secrets Revealed!

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