Question 1

Does Dixon, CA qualify for USDA loans?

Accepted Answer

Parts of Dixon may qualify. You need to verify the specific property address on the USDA eligibility map before assuming you're covered.

Question 2

What credit score do I need for each loan?

Accepted Answer

FHA allows as low as 580 for 3.5% down. USDA typically requires a 620 minimum, though lender overlays vary.

Question 3

Can I use USDA if I make too much money?

Accepted Answer

No. USDA sets household income limits by county and family size. Exceed the cap and you're out — FHA has no such restriction.

Question 4

Which loan has lower mortgage insurance?

Accepted Answer

USDA's annual fee is typically lower than FHA's monthly MIP. Over a 30-year loan, that difference adds up. Rates vary by borrower profile and market conditions.

Question 5

Can I use either loan for a multi-unit property?

Accepted Answer

No. Both FHA and USDA require the home to be a single-family primary residence. USDA does not allow multi-unit purchases at all.

Question 6

Which loan closes faster in Solano County?

Accepted Answer

FHA generally closes faster. USDA loans require an extra approval step through the USDA office, which can add days to the timeline.

FHA vs USDA Loans in Dixon, CA: Which One Wins?