Question 1

Can I use a VA loan to buy in Fremont with no money down?

Accepted Answer

Yes. VA loans require zero down payment for eligible borrowers. You'll still need to cover closing costs unless the seller agrees to contribute.

Question 2

Does FHA require mortgage insurance forever?

Accepted Answer

On most FHA loans with less than 10% down, mortgage insurance stays for the life of the loan. Putting 10% down removes it after 11 years.

Question 3

Which loan has a higher limit in Alameda County?

Accepted Answer

Both FHA and VA follow high-cost area limits in Alameda County. VA limits are effectively removed for borrowers with full entitlement.

Question 4

What credit score do I need for a VA loan?

Accepted Answer

VA sets no official minimum, but most lenders require at least 620. A stronger score will get you better pricing.

Question 5

Can I use both FHA and VA on the same home?

Accepted Answer

No. You choose one program per loan. If you qualify for VA, compare both options before committing — VA usually costs less overall.

Question 6

Are VA loans harder to get accepted in competitive Fremont offers?

Accepted Answer

Some sellers hesitate on VA offers due to appraisal requirements. An experienced agent and strong pre-approval letter help close that gap.

FHA vs VA Loans in Fremont: Which One Wins for You?