Question 1

Does Buellton qualify for USDA loans?

Accepted Answer

Parts of Buellton may be USDA-eligible. You need to verify the specific property address on the USDA eligibility map before applying.

Question 2

What income limit applies to USDA loans in Santa Barbara County?

Accepted Answer

USDA sets limits by household size for each county. Check the USDA income eligibility tool — limits adjust annually.

Question 3

Can I use either loan to buy a fixer-upper?

Accepted Answer

FHA has a rehab option called the 203k. USDA has stricter property condition requirements and no standard rehab program.

Question 4

Which loan has lower monthly mortgage insurance?

Accepted Answer

USDA's annual fee runs lower than FHA's monthly MIP. Over a 30-year loan, that difference adds real money.

Question 5

Do both loans require the home to be a primary residence?

Accepted Answer

Yes. Neither FHA nor USDA allows investment properties or vacation homes. You must occupy the home as your primary residence.

Question 6

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

Accepted Answer

Yes. USDA is not a first-time buyer program. You just can't own another adequate home at the time of closing.

FHA vs USDA Loans in Buellton, CA