Question 1

Is Rocklin eligible for USDA loans?

Accepted Answer

Parts of Rocklin may qualify. USDA eligibility is address-specific, so check the USDA map before assuming.

Question 2

What credit score do I need for each loan?

Accepted Answer

FHA accepts 580 with 3.5% down. Most USDA lenders want at least a 640 credit score.

Question 3

Which loan has lower mortgage insurance?

Accepted Answer

USDA's annual fee is generally lower than FHA's MIP. Over 30 years, that gap adds up.

Question 4

Can I use USDA if I make good money?

Accepted Answer

USDA caps household income — the limit varies by county and household size. FHA has no income ceiling.

Question 5

Do both loans allow gift funds for closing costs?

Accepted Answer

Yes. Both FHA and USDA allow gift funds. You can also ask the seller to cover closing costs on either program.

FHA vs USDA Loans in Rocklin, CA