Question 1

Is Mountain View eligible for USDA loans?

Accepted Answer

Most of Mountain View does not meet USDA rural area requirements. Check the USDA property eligibility map before assuming you qualify.

Question 2

What credit score do I need for FHA in Mountain View?

Accepted Answer

580 gets you 3.5% down. Scores between 500 and 579 require 10% down under FHA guidelines.

Question 3

Does USDA have a loan limit?

Accepted Answer

USDA has no hard loan limit. Your income, debt load, and income caps for the area determine how much you can borrow.

Question 4

Which loan has lower mortgage insurance?

Accepted Answer

USDA wins on mortgage insurance cost — 0.35% annually versus FHA's higher annual premiums. But you must qualify first.

Question 5

Can high-income earners use USDA in Santa Clara County?

Accepted Answer

Probably not. USDA income limits in Santa Clara County are strict, and many local salaries exceed the cap.

Question 6

Can I use FHA to buy a condo in Mountain View?

Accepted Answer

Yes — if the condo project is FHA-approved. Not all complexes qualify, so check the FHA condo approval list early.

FHA vs USDA Loans in Mountain View, CA