Question 1

Is Los Altos eligible for USDA loans?

Accepted Answer

Almost certainly not. USDA eligibility requires rural designation, and Los Altos is a developed Silicon Valley city. Check the USDA map for your exact address.

Question 2

What credit score do I need for FHA in Los Altos?

Accepted Answer

580 gets you the 3.5% down option. Scores between 500 and 579 require 10% down.

Question 3

Do USDA loans have income limits in Santa Clara County?

Accepted Answer

Yes. USDA caps household income at roughly 115% of the area median. Santa Clara County incomes are high, so many buyers here won't qualify.

Question 4

Which loan has lower mortgage insurance costs?

Accepted Answer

USDA's guarantee fee is generally lower than FHA's MIP. But USDA property and income restrictions make it inaccessible for most Los Altos buyers.

Question 5

Can I use an FHA loan on a condo in Los Altos?

Accepted Answer

Yes, if the condo project is FHA-approved. Not every complex qualifies — we check the FHA condo approval list before you apply.

Question 6

Which loan is better for a first-time buyer here?

Accepted Answer

FHA. It's available on most Los Altos properties with no geographic restrictions. Rates vary by borrower profile and market conditions.

FHA vs USDA Loans in Los Altos, CA