Question 1

Is Norco eligible for USDA loans?

Accepted Answer

Parts of Norco fall within USDA-eligible zones. You need to verify each specific property address before assuming eligibility.

Question 2

What credit score do I need for FHA in Norco?

Accepted Answer

FHA requires a 580 score for 3.5% down. Scores between 500 and 579 require 10% down.

Question 3

Does USDA have income limits in Riverside County?

Accepted Answer

Yes. USDA sets household income limits by county and family size. Exceeding the limit disqualifies you regardless of the property.

Question 4

Which loan has lower mortgage insurance?

Accepted Answer

USDA mortgage insurance is cheaper than FHA — both the upfront fee and the monthly premium. Rates vary by borrower profile and market conditions.

Question 5

Can I use either loan for a home with horses or land in Norco?

Accepted Answer

Norco is horse country, but both programs have property condition and use rules. Lenders scrutinize acreage and outbuildings — flag this early.

Question 6

Can I have owned a home before and still use USDA?

Accepted Answer

Yes. USDA has no first-time buyer requirement. You just need to meet income and property eligibility rules.

FHA vs USDA Loans in Norco, CA: Which One Fits?