Question 1

Does Farmersville qualify for USDA loans?

Accepted Answer

Parts of Farmersville may be USDA-eligible. We check the exact address — eligibility is property-specific, not city-wide.

Question 2

What are the USDA income limits in Tulare County?

Accepted Answer

Limits vary by household size. Check current USDA guidelines for Tulare County or ask us to run the numbers for your situation.

Question 3

Which loan has lower monthly mortgage insurance?

Accepted Answer

USDA's annual fee is typically lower than FHA's MIP. Exact costs depend on your loan amount and profile. Rates vary by borrower profile and market conditions.

Question 4

Can I use USDA for a fixer-upper?

Accepted Answer

USDA has property condition requirements. The home generally needs to be move-in ready — it's not designed for heavy rehab projects.

Question 5

Do both loans allow gift funds for closing costs?

Accepted Answer

Yes. Both FHA and USDA allow gift funds. USDA's zero-down structure means closing costs are often the main out-of-pocket expense.

Question 6

What credit score do I need for USDA?

Accepted Answer

Most lenders want a 640 score for automated USDA approval. FHA allows down to 580 for 3.5% down — giving it a slight edge on credit flexibility.

FHA vs USDA Loans in Farmersville, CA