Question 1

Can I use a VA loan if I have low credit?

Accepted Answer

VA has no minimum credit score requirement, though most lenders want 620+. We work with VA lenders who approve scores in the 580s with strong compensating factors.

Question 2

Does FHA mortgage insurance ever go away?

Accepted Answer

Not unless you refinance to conventional or VA. FHA insurance stays for the loan's life, which is why many buyers refinance once they hit 20% equity.

Question 3

Which loan is faster to close in Agoura Hills?

Accepted Answer

Both take 30-40 days typically. VA can run longer if the appraisal flags repairs, but experienced lenders move both programs at similar speeds.

Question 4

Can I buy a condo with VA or FHA?

Accepted Answer

Yes, but the complex must be VA or FHA approved. We maintain lists of approved Agoura Hills condos to streamline the search.

Question 5

What if I qualify for both loans?

Accepted Answer

Always use VA—it beats FHA on cost in every scenario. Save your FHA eligibility for investment properties where VA doesn't apply.

FHA vs VA Loans in Agoura Hills: Which Government-Backed Loan Fits Your Budget?