USDA Section 502 Direct Loan
USDA Section 502 Direct Loan is a subsidized direct first mortgage from USDA Rural Development. Coverage: CA USDA-eligible rural areas. Income limit: Very-low (≤50% AMI) / Low (50-80% AMI).
Amount varies by program
Listed as open as of May 26, 2026
Coverage: CA USDA-eligible rural areas.
| Income limit | Very-low (≤50% AMI) / Low (50-80% AMI) |
|---|---|
| Minimum credit score | 640 |
| Homebuyer education | Required |
| Sales price cap | USDA county area limits |
| Amount notes | 100% financing; payment assistance as low as 1% effective rate |
| Notes | Apply via local USDA RD office. |
| Phone | 530-792-5800 (CA RD State Office) |
Cal has not re-checked this listing recently. Confirm the current terms with the program administrator before relying on them.
Provider: USDA Rural Development · program details at the provider’s site.
See if USDA Section 502 Direct Loan fits your purchase
Tell Cal how to reach you and a licensed loan officer will walk through this program, what it stacks with, and what you would actually qualify for. No spam, no list-selling.
More California programs
-
Deferred Silent Second · Up to 3.5%
-
Deferred Closing Cost Assistance · Up to 4%
-
First Mortgage (for pairing with DPA) · Amount varies by program
-
First Mortgage (for pairing with DPA) · Amount varies by program
-
Deferred Silent Second · Up to 2.5%
-
Shared Appreciation Loan · Up to $150,000 or Up to 20%
-
Forgivable Loan · Up to 10%
-
Federal Tax Credit · Up to $2,000 or Up to 20%