Question 1

Is Lodi eligible for USDA loans?

Accepted Answer

Parts of Lodi may qualify. Run the address on the USDA eligibility map before assuming it works.

Question 2

Which loan has lower monthly costs?

Accepted Answer

USDA mortgage insurance is cheaper than FHA's. Over a 30-year loan, that gap adds up.

Question 3

Can I use USDA if I have a higher income?

Accepted Answer

No. USDA sets household income limits by county. Exceed the cap and you're out, regardless of credit.

Question 4

Do both loans allow seller concessions?

Accepted Answer

Yes. Both FHA and USDA allow sellers to cover closing costs. Negotiate it into your offer.

Question 5

Which loan is faster to close?

Accepted Answer

FHA typically closes faster. USDA can require an extra review layer that adds days to the timeline.

Question 6

What credit score do I need for USDA?

Accepted Answer

Most USDA lenders want a 640 credit score. FHA goes lower — down to 580 for the 3.5% down option.

FHA vs USDA Loans in Lodi, CA