Question 1

Is Chester, CA eligible for USDA loans?

Accepted Answer

Chester is in rural Plumas County and typically falls within USDA eligible zones. Confirm the specific property address before assuming eligibility.

Question 2

What are the USDA income limits for Plumas County?

Accepted Answer

USDA sets household income limits by county and family size. Contact us to check the current Plumas County limit for your household.

Question 3

Which loan has lower mortgage insurance costs?

Accepted Answer

USDA generally carries lower monthly mortgage insurance than FHA. FHA also adds an upfront mortgage insurance premium that USDA does not.

Question 4

Can I use FHA or USDA to buy a fixer-upper in Chester?

Accepted Answer

Both programs require the home to meet minimum property standards. Major fixer-uppers often don't pass — FHA 203k is a better fit for rehab purchases.

Question 5

Do both FHA and USDA require a minimum credit score?

Accepted Answer

FHA requires a 580 for 3.5% down, or 500 with 10% down. USDA lenders typically want a 640, though some go lower with compensating factors.

FHA vs USDA Loans in Chester, CA

FHA vs USDA Loans in Chester, CA