Question 1

Does Patterson qualify for USDA loans?

Accepted Answer

Many areas in Stanislaus County are USDA-eligible. Verify the specific address at the USDA eligibility map before assuming your property qualifies.

Question 2

Which loan has lower mortgage insurance?

Accepted Answer

USDA's annual guarantee fee is typically lower than FHA's monthly MIP. The difference adds up over a 30-year loan.

Question 3

Can I use USDA with a low credit score?

Accepted Answer

Most USDA lenders want a 640 credit score. FHA goes down to 580 — or 500 with a larger down payment.

Question 4

Do FHA loans have income limits?

Accepted Answer

No. FHA has no income cap. USDA does — limits vary by household size and county.

Question 5

Which loan closes faster?

Accepted Answer

FHA typically moves faster. USDA requires an extra eligibility check that can add time to the process.

FHA vs USDA Loans in Patterson, CA