Question 1

Is Loma Linda eligible for USDA loans?

Accepted Answer

Most of Loma Linda falls outside USDA-eligible zones. Check the USDA property eligibility map before assuming you qualify.

Question 2

Which loan has lower mortgage insurance costs?

Accepted Answer

USDA's annual fee is lower than FHA's MIP. FHA also charges upfront MIP at closing, which USDA's guarantee fee is comparable to.

Question 3

Can I use FHA or USDA to buy a condo?

Accepted Answer

FHA allows condos in FHA-approved condo projects. USDA restricts condos more strictly — most condo purchases don't qualify.

Question 4

What credit score do I need for each loan?

Accepted Answer

FHA accepts scores as low as 500 with 10% down, or 580 with 3.5% down. USDA typically requires a 640 score for automated approval.

Question 5

Does USDA have income limits in San Bernardino County?

Accepted Answer

Yes. USDA caps household income based on county and family size. Exceeding the limit disqualifies you regardless of the property location.

Question 6

Which loan closes faster?

Accepted Answer

FHA typically closes faster. USDA loans require an extra approval step from the USDA office, which can add one to three weeks.

FHA vs USDA Loans in Loma Linda, CA