Question 1

Does Suisun City qualify for USDA loans?

Accepted Answer

Parts of Solano County are USDA-eligible, but not all. A broker can check the specific address against USDA's property eligibility map.

Question 2

What credit score do I need for each loan?

Accepted Answer

FHA accepts scores as low as 580 with 3.5% down. USDA typically requires a 640 minimum, though some lenders vary.

Question 3

Which loan has lower monthly costs?

Accepted Answer

USDA's monthly mortgage insurance is generally lower than FHA's. But zero down means a larger loan balance, so run the full payment comparison.

Question 4

Are there income limits for FHA loans?

Accepted Answer

No. FHA has no income caps. USDA does — limits vary by household size and county. Rates vary by borrower profile and market conditions.

Question 5

Can I use either loan for a duplex or investment property?

Accepted Answer

Neither loan works for pure investment properties. FHA allows 2-4 unit properties if you live in one unit. USDA is single-family primary residences only.

Question 6

Which loan closes faster?

Accepted Answer

FHA loans typically move faster. USDA requires an extra approval step through the USDA office, which can add days to closing timelines.

FHA vs USDA Loans in Suisun City, CA