Question 1

Is Avenal eligible for USDA loans?

Accepted Answer

Many areas in Kings County qualify. We run the address through the USDA eligibility map before you go any further.

Question 2

What credit score do I need for each loan?

Accepted Answer

FHA allows scores down to 580 for 3.5% down. Most USDA lenders want at least a 640.

Question 3

Does USDA really require zero down?

Accepted Answer

Yes. USDA is one of only two government loan programs with no down payment requirement. VA is the other.

Question 4

Which loan has lower monthly costs?

Accepted Answer

USDA mortgage insurance runs lower than FHA's. Over a 30-year loan, that difference adds up significantly.

Question 5

Can I use either loan for a multiunit property?

Accepted Answer

No. Both USDA and FHA require the home to be a single-family primary residence for standard purchase loans.

Question 6

How do I know which loan to apply for?

Accepted Answer

Start with USDA if the address qualifies and your income fits. We check both before recommending one over the other.

FHA vs USDA Loans in Avenal, CA