Question 1

Is Exeter eligible for USDA loans?

Accepted Answer

Much of Tulare County qualifies as USDA-eligible rural area. Confirm the specific property address on the USDA eligibility map before applying.

Question 2

Can I use either loan as a first-time buyer?

Accepted Answer

Yes. Both FHA and USDA are popular with first-time buyers. USDA's zero down makes it the stronger option if you meet the requirements.

Question 3

Which loan has lower monthly payments?

Accepted Answer

USDA often wins on monthly cost. Lower mortgage insurance plus no down payment means less cash out of pocket at every stage.

Question 4

What credit score do I need for USDA?

Accepted Answer

Most USDA lenders want a 640 credit score for automated approval. Below that, manual underwriting is required and approval is harder.

Question 5

Do FHA loans have income limits in Exeter?

Accepted Answer

No. FHA has no income limits. USDA caps you at 115% of the Tulare County area median income — verify that number before you apply.

Question 6

Which loan closes faster?

Accepted Answer

FHA typically closes faster. USDA files sometimes wait on rural development office review, which can add days to the timeline.

FHA vs USDA Loans in Exeter, CA