Question 1

Is Yreka eligible for USDA loans?

Accepted Answer

Most of Yreka and surrounding Siskiyou County areas qualify as rural under USDA guidelines. Check the USDA eligibility map to confirm your specific address.

Question 2

What credit score do I need for USDA?

Accepted Answer

Most USDA lenders want at least a 640 credit score. Below that, manual underwriting is required and approval gets harder.

Question 3

Can I use USDA on a manufactured home?

Accepted Answer

USDA allows certain manufactured homes, but they must meet strict condition and foundation standards. FHA is often more flexible here.

Question 4

Does FHA have income limits?

Accepted Answer

No. FHA has no income caps — anyone who qualifies financially can use it. USDA does have household income limits.

Question 5

Which loan has lower mortgage insurance?

Accepted Answer

USDA's annual fee is lower than FHA's monthly MIP. Over a 30-year term, USDA borrowers typically pay less in insurance costs.

Question 6

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

Accepted Answer

Both require the home to be in livable condition. FHA 203k allows renovation financing. USDA has no equivalent rehab product.

FHA vs USDA Loans in Yreka, CA: Which One Wins for You?