Question 1

Can I use a VA loan in Hanford if I'm still on active duty?

Accepted Answer

Yes. Active-duty service members qualify with a valid Certificate of Eligibility. Your lender will help you obtain one.

Question 2

Does FHA mortgage insurance ever go away?

Accepted Answer

On most FHA loans originated after 2013, MIP stays for the life of the loan. Refinancing into a conventional loan later is the main exit.

Question 3

Which loan has lower monthly payments — FHA or VA?

Accepted Answer

VA typically wins. No mortgage insurance premium means a meaningfully lower payment. Rates vary by borrower profile and market conditions.

Question 4

Can a veteran use FHA instead of VA?

Accepted Answer

Yes, veterans can choose FHA. But without a strong reason, VA's no-down, no-MIP structure usually makes more financial sense.

Question 5

What credit score do I need for a VA loan in Hanford?

Accepted Answer

Most VA lenders want 620 or higher. Some go lower, but options shrink fast below that threshold.

Question 6

Do both loans work for Kings County home prices?

Accepted Answer

Yes. Both FHA and VA loan limits are set at the county level and are designed to cover most Hanford purchase prices.

FHA vs VA Loans in Hanford, CA: Which Fits You?