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in Martinez, CA
Martinez buyers have two strong government-backed options. FHA and VA loans both offer below-market entry points — but they serve very different borrowers.
If you qualify for VA, that changes everything. If you don't, FHA is often the next best move for buyers with limited savings.
FHA loans are open to most buyers. You need a 580 credit score for the 3.5% down option — or 500 with 10% down.
The trade-off is mortgage insurance. FHA charges an upfront premium plus monthly MIP, and it sticks around for the life of the loan in most cases.
VA loans are the strongest purchase product on the market for those who qualify. Zero down, no monthly mortgage insurance, and rates that typically beat FHA.
Eligibility requires sufficient military service. Surviving spouses may also qualify. A Certificate of Eligibility confirms your status before we shop lenders.
The biggest gap is mortgage insurance. VA has none. FHA charges it every month, which adds real cost to your payment.
Credit flexibility is closer than most people think. Both programs work with scores in the 580–620 range. VA lenders often set their own overlays, though.
If you served, use your VA benefit. The monthly savings over FHA are significant — especially on a Martinez purchase price.
If VA isn't on the table, FHA is a solid path. The 3.5% down requirement is manageable, and the credit flexibility helps buyers who aren't perfect on paper.
Yes. VA loans have no down payment requirement and no loan limit for eligible borrowers with full entitlement. Your purchase price drives the numbers.
VA rates typically come in lower than FHA. Rates vary by borrower profile and market conditions, so we compare both for every eligible client.
FHA allows 580 for 3.5% down. VA has no official minimum, but most lenders want 580–620. We know which lenders go lower.
Correct. No monthly MIP with VA. There is a one-time funding fee, but you can roll it into the loan balance.
Yes, in many cases. Surviving spouses of service members who died in service or from a service-connected disability often qualify.
Both have similar timelines. VA adds a few steps for the COE and appraisal. An experienced broker keeps both on track.