Question 1

Can I use a USDA loan in Beverly Hills?

Accepted Answer

No. Beverly Hills doesn't meet USDA's rural or suburban requirements. FHA loans work throughout the city instead.

Question 2

Which loan has lower down payment requirements?

Accepted Answer

USDA requires zero down when available. FHA needs 3.5% down with 580+ credit.

Question 3

Do both programs have property price limits?

Accepted Answer

Yes. FHA caps at $644,000 in LA County. USDA sets limits by county and household size where eligible.

Question 4

Which program has easier credit requirements?

Accepted Answer

FHA accepts 580 credit scores. USDA typically wants 640+ though some lenders go lower.

Question 5

Can I use either loan for a condo purchase?

Accepted Answer

FHA works for approved condos. USDA focuses on single-family homes in eligible rural areas.

FHA vs USDA Loans in Beverly Hills: Which Government Program Works in 90210?