Question 1

Does my Eastvale address qualify for USDA?

Accepted Answer

Some Eastvale properties are USDA-eligible, but not all. We check the USDA eligibility map using the specific address before moving forward.

Question 2

What income limit applies for USDA in Riverside County?

Accepted Answer

USDA sets household income limits by county and family size. We pull the current Riverside County figures and check your household against them.

Question 3

Can I use FHA if my credit score is below 620?

Accepted Answer

FHA allows scores as low as 580 for 3.5% down. Between 500 and 579, you need 10% down. Below 500, no FHA lender will touch it.

Question 4

Which loan has lower monthly mortgage insurance?

Accepted Answer

USDA's annual fee is lower than FHA's monthly MIP. Over a 30-year loan, the savings are meaningful if you qualify.

Question 5

Can I use USDA or FHA to buy a multi-unit property?

Accepted Answer

USDA only covers single-family homes. FHA allows up to four units if you live in one. That's a big difference for house-hackers.

Question 6

Do both loans have seller concession limits?

Accepted Answer

FHA allows up to 6% in seller concessions. USDA also allows seller concessions. Both can help offset closing costs in a negotiation.

FHA vs USDA Loans in Eastvale, CA