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in Chino, CA
Both FHA and USDA loans offer low down payments. But they serve very different buyers in Chino.
The right choice depends on where in Chino you're buying and how much you earn. Location eligibility is the deciding factor for USDA.
FHA loans are insured by the Federal Housing Administration. You need at least 3.5% down with a 580 credit score.
Credit scores between 500 and 579 can still qualify — but you'll need 10% down. FHA is flexible on credit history.
USDA loans require no down payment at all. They're backed by the U.S. Department of Agriculture for eligible areas.
Income limits apply. Your household income must fall below the USDA's limit for San Bernardino County to qualify.
USDA wins on upfront cost — zero down beats 3.5%. But not all of Chino qualifies as a USDA-eligible area.
FHA mortgage insurance includes an upfront fee of 1.75% of the loan. USDA charges a 1% upfront guarantee fee. Monthly costs are lower with USDA.
If your target home sits in a USDA-eligible zone and your income qualifies, USDA is almost always the better deal. Zero down and lower insurance costs add up fast.
If you're buying anywhere in Chino and don't want to worry about eligibility maps or income caps, FHA is the simpler path. It's consistent and widely accepted.
Parts of Chino may fall within USDA-eligible zones. Check the USDA eligibility map or ask us — the address must be verified.
USDA typically carries lower mortgage insurance costs monthly. FHA's MIP is usually higher, though your rate affects the total picture. Rates vary by borrower profile and market conditions.
FHA allows up to 4-unit properties if you live in one. USDA is limited to single-family primary residences only.
Most USDA lenders want a 640 credit score for automated approval. Lower scores may qualify through manual underwriting.
No. FHA has no income cap. USDA does have household income limits tied to San Bernardino County's area median income.
FHA generally closes faster. USDA requires an additional approval step from the USDA office, which can add time to the process.