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in Taft, CA
Taft is an affordable oil-country town in Kern County. Both FHA and VA loans work well here — but they serve very different borrowers.
FHA is open to almost anyone. VA is reserved for veterans and service members, and it's hard to beat on terms.
FHA loans are insured by the Federal Housing Administration. They require just 3.5% down with a 620 credit score — or 10% down if your score is between 500 and 579.
The catch is mortgage insurance. You pay an upfront premium and a monthly charge for the life of the loan in most cases.
VA loans are guaranteed by the Department of Veterans Affairs. Eligible borrowers can buy with zero down and no private mortgage insurance.
The VA does charge a funding fee upfront. But no monthly mortgage insurance makes VA loans cheaper long-term for most borrowers.
Local decision guide
Use this comparison to weigh FHA Loans and VA Loans through local payment fit, eligibility, documentation, and timing before choosing a path in Taft.
Taft is an affordable oil-country town in Kern County. Both FHA and VA loans work well here — but they serve very different borrowers.
FHA is open to almost anyone. VA is reserved for veterans and service members, and it's hard to beat on terms.
FHA loans are insured by the Federal Housing Administration. They require just 3.5% down with a 620 credit score — or 10% down if your score is between 500 and 579.
The biggest split is eligibility. VA is locked to military borrowers. FHA is open to everyone with a steady income and decent credit.
On cost, VA usually wins. No mortgage insurance saves hundreds per month. Rates vary by borrower profile and market conditions.
If you served, use your VA benefit. In a modest market like Taft, skipping mortgage insurance adds up fast over the life of the loan.
If you're a civilian buyer with limited savings, FHA's 3.5% down is a solid path. Just budget for the monthly insurance premium.
Yes. VA loans work statewide. Any eligible veteran or active-duty borrower can use one to buy in Taft.
VA rates are typically lower. Rates vary by borrower profile and market conditions, so get quotes for both.
Not on the same property. But if you qualify for VA, there's rarely a reason to choose FHA instead.
The VA sets no official minimum, but most lenders want at least a 620. FHA allows scores down to 580 with 3.5% down.
FHA has more flexible credit requirements. VA approval depends heavily on your Certificate of Eligibility and lender overlays.
Yes. Both FHA and VA require a government appraisal. VA appraisals also check minimum property condition standards.