Question 1

Is Belvedere eligible for USDA loans?

Accepted Answer

Belvedere is a dense, high-value Bay Area city. It almost certainly falls outside USDA's rural and suburban eligibility maps.

Question 2

What credit score do I need for FHA in Belvedere?

Accepted Answer

FHA requires a 580 credit score for 3.5% down. Scores between 500-579 require 10% down.

Question 3

Do USDA loans have income limits in Marin County?

Accepted Answer

Yes. USDA sets income limits by county and household size. Marin County's high incomes can push buyers over those caps.

Question 4

Which loan has lower mortgage insurance?

Accepted Answer

USDA's annual fee is typically lower than FHA's mortgage insurance premium. But location and income eligibility must come first.

Question 5

Can I use either loan for an investment property?

Accepted Answer

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

Question 6

How do FHA loan limits work in Marin County?

Accepted Answer

Marin County qualifies as a high-cost area. FHA sets higher loan limits here than in most California counties.

FHA vs USDA Loans in Belvedere, CA