Question 1

Does Cotati qualify for USDA loans?

Accepted Answer

Parts of Sonoma County are USDA-eligible, but Cotati's status depends on the specific address. Check the USDA eligibility map or ask us to run it.

Question 2

What credit score do I need for FHA in Cotati?

Accepted Answer

You need at least 580 for the 3.5% down option. Scores between 500-579 require 10% down.

Question 3

Does USDA have income limits in Sonoma County?

Accepted Answer

Yes. USDA income limits vary by household size and county. Sonoma County limits are higher than most California counties due to area median income.

Question 4

Which loan has lower monthly mortgage insurance?

Accepted Answer

USDA's annual fee is typically lower than FHA's monthly MIP. FHA mortgage insurance also never drops unless you refinance.

Question 5

Can I use either loan for a fixer-upper?

Accepted Answer

FHA has a 203k rehab program for fixer-uppers. USDA has limited repair options and requires the home to meet condition standards at closing.

Question 6

Which loan closes faster in Cotati?

Accepted Answer

FHA typically closes faster. USDA requires an extra approval step through the USDA office, which can add one to three weeks.

FHA vs USDA Loans in Cotati, CA: Which Gets You In?