Question 1

Does all of Orange Cove qualify for USDA loans?

Accepted Answer

Yes, Orange Cove falls completely within USDA's eligible rural area. Specific properties still need address verification during the loan process.

Question 2

What's the income limit for USDA loans in Fresno County?

Accepted Answer

Around $85,000 for a family of four at 115% of area median income. Limits adjust by household size and change annually.

Question 3

Can I use FHA if I previously had a USDA loan?

Accepted Answer

Yes, prior USDA financing doesn't affect FHA eligibility. You can switch between programs on different purchases without restrictions.

Question 4

Which loan is easier to qualify for in Orange Cove?

Accepted Answer

FHA and USDA have similar credit requirements. USDA's income limit is the main extra hurdle beyond standard loan approval factors.

Question 5

Do both loans allow seller concessions?

Accepted Answer

Yes, FHA allows up to 6% and USDA allows up to 6% in seller-paid closing costs. Both help reduce cash needed at closing.

FHA vs USDA Loans in Orange Cove: Which Government Program Fits Your Budget?