Question 1

Is Fairfax eligible for USDA loans?

Accepted Answer

Most of Fairfax does not qualify for USDA. Run the specific address through the USDA property eligibility map to confirm.

Question 2

What credit score do I need for FHA in Fairfax?

Accepted Answer

Lenders require a 580 score for 3.5% down. You can go lower, but then you need 10% down.

Question 3

Do USDA loans have income limits in Marin County?

Accepted Answer

Yes. USDA sets household income caps by county and family size. Marin's high incomes push many buyers over the limit.

Question 4

Which loan has lower mortgage insurance?

Accepted Answer

USDA mortgage insurance runs lower than FHA. But if the property isn't USDA-eligible, that comparison doesn't matter.

Question 5

Can I use FHA or USDA for a condo in Fairfax?

Accepted Answer

FHA works on approved condo projects. USDA has stricter property type rules and rarely covers condos.

Question 6

Can investors use FHA or USDA loans?

Accepted Answer

No. Both programs require owner-occupancy. You must intend to live in the home as your primary residence.

FHA vs USDA Loans in Fairfax, CA: Which One Works Here?