Question 1

Is Lemoore eligible for USDA loans?

Accepted Answer

Parts of Kings County qualify for USDA financing. Check the USDA eligibility map for the specific address before assuming you qualify.

Question 2

What credit score do I need for each loan?

Accepted Answer

FHA allows 580 with 3.5% down. USDA typically requires a 640 credit score through most lenders.

Question 3

Does USDA really require zero down?

Accepted Answer

Yes. USDA loans require no down payment for eligible borrowers. You may still need closing cost funds unless the seller contributes.

Question 4

Which loan has lower mortgage insurance?

Accepted Answer

USDA's annual fee is generally lower than FHA's. Over a 30-year loan, that difference adds up significantly.

Question 5

Can I use either loan for investment property?

Accepted Answer

No. Both FHA and USDA require the home to be your primary residence. Neither works for rentals or second homes.

Question 6

What are the income limits for USDA in Kings County?

Accepted Answer

USDA income limits vary by household size and county. Check USDA's official income eligibility tool for current Kings County limits.

FHA vs USDA Loans in Lemoore, CA