Question 1

Can I get rid of mortgage insurance on an FHA loan?

Accepted Answer

Yes, but only if you put down 10% or more. At 10% down, FHA mortgage insurance drops after 11 years. Below 10%, it stays for the life of the loan. VA has no mortgage insurance at all.

Question 2

Is the VA funding fee the same as mortgage insurance?

Accepted Answer

No. The funding fee is a one-time cost at closing (1.4%–3.6% depending on down payment and prior VA use). Mortgage insurance is a monthly charge. VA's upfront fee typically costs less over time than FHA's ongoing insurance.

Question 3

What credit score do I need for FHA or VA in Dublin?

Accepted Answer

Both programs typically start at 580 FICO, but 620 or higher gets better rates. Lenders may require 640+ for automated approval. Check with your lender—overlays vary.

Question 4

Can I borrow the full $1,249,125 in Dublin with either program?

Accepted Answer

Yes. Both FHA and VA reach the 2026 Alameda County limit of $1,249,125. Your approval depends on income and debt-to-income ratio, not the program's ceiling.

Question 5

Which program closes faster in Dublin?

Accepted Answer

FHA typically closes in 30–45 days. VA can take 45–60 days because the VA appraisal process is stricter. Both are slower than conventional, but faster than jumbo.

FHA vs VA loans in Dublin: which program fits your Alameda County purchase?