Question 1

Does Redlands have USDA-eligible areas?

Accepted Answer

Parts of Redlands do fall within USDA-eligible zones. Check the USDA eligibility map for the specific address before ruling it out.

Question 2

What credit score do I need for each loan?

Accepted Answer

FHA allows scores as low as 500. USDA typically requires a 640 minimum for automated approval through most lenders.

Question 3

Which loan has lower mortgage insurance?

Accepted Answer

USDA's guarantee fees are generally lower than FHA's combined upfront and monthly MIP. The savings add up over the loan term.

Question 4

Can I use USDA if I earn too much?

Accepted Answer

USDA has household income limits based on county and family size. If you're over the limit, FHA has no income cap.

Question 5

Do both loans cover single-family homes?

Accepted Answer

Yes. Both programs work for single-family primary residences. Neither covers investment properties or second homes.

Question 6

Can SRK CAPITAL help me compare both options?

Accepted Answer

Yes. SRK CAPITAL works with 200+ wholesale lenders and can run both scenarios side by side so you see the real cost difference.

FHA vs USDA Loans in Redlands, CA