Question 1

Is Oxnard eligible for USDA loans?

Accepted Answer

Most of Oxnard city does not qualify. Rural fringes of Ventura County may. Always verify the specific address on the USDA eligibility map.

Question 2

Which loan has a lower down payment?

Accepted Answer

USDA requires zero down. FHA requires 3.5% with a 580 credit score. USDA wins on upfront cost — if the property qualifies.

Question 3

Do both loans have mortgage insurance?

Accepted Answer

Yes. FHA charges an upfront and annual MIP. USDA charges an upfront and annual guarantee fee. USDA's ongoing fee is typically lower.

Question 4

Can I use either loan for an investment property?

Accepted Answer

No. Both FHA and USDA require the home to be your primary residence. Neither works for rentals or second homes.

Question 5

What credit score do I need for each?

Accepted Answer

FHA accepts scores as low as 500. USDA lenders typically require 640 or higher. FHA is more flexible on credit.

Question 6

Does USDA have a loan limit?

Accepted Answer

USDA doesn't set a hard loan limit, but your income and debt load cap what you can borrow. FHA uses county-based limits for Ventura.

FHA vs USDA Loans in Oxnard, CA