Question 1

Does Alturas qualify for USDA loans?

Accepted Answer

Most of Modoc County is USDA-eligible due to its rural designation. Confirm your specific address on the USDA eligibility map before applying.

Question 2

Which loan has lower monthly payments?

Accepted Answer

USDA often comes out lower due to zero down and competitive guarantee fees. Run both scenarios — it depends on your loan amount and credit profile.

Question 3

Can I use gift funds with FHA or USDA?

Accepted Answer

FHA allows 100% of the down payment to come from gifts. USDA requires no down payment, so gift funds typically cover closing costs.

Question 4

What are the USDA income limits in Modoc County?

Accepted Answer

Limits vary by household size and are set by USDA annually. Check the USDA income eligibility tool or ask us to run your numbers.

Question 5

Do both loans cover manufactured homes in Alturas?

Accepted Answer

FHA insures certain manufactured homes that meet HUD standards. USDA has stricter rules — the home typically must be a new, permanently affixed unit.

Question 6

Which loan closes faster, FHA or USDA?

Accepted Answer

FHA typically closes faster. USDA requires an additional agency review that can add one to two weeks to the timeline.

FHA vs USDA Loans in Alturas, CA