Question 1

Can I use a VA loan in Contra Costa County with no down payment?

Accepted Answer

Yes. VA loans have no down payment requirement and no loan limit for eligible borrowers with full entitlement. Your purchase price drives the numbers.

Question 2

Does FHA or VA have better rates in Martinez?

Accepted Answer

VA rates typically come in lower than FHA. Rates vary by borrower profile and market conditions, so we compare both for every eligible client.

Question 3

What credit score do I need for each loan?

Accepted Answer

FHA allows 580 for 3.5% down. VA has no official minimum, but most lenders want 580–620. We know which lenders go lower.

Question 4

Does VA really have no mortgage insurance?

Accepted Answer

Correct. No monthly MIP with VA. There is a one-time funding fee, but you can roll it into the loan balance.

Question 5

Can a surviving spouse use a VA loan in Martinez?

Accepted Answer

Yes, in many cases. Surviving spouses of service members who died in service or from a service-connected disability often qualify.

Question 6

Which loan closes faster — FHA or VA?

Accepted Answer

Both have similar timelines. VA adds a few steps for the COE and appraisal. An experienced broker keeps both on track.

FHA vs VA Loans in Martinez, CA: Which One Wins for You?