Question 1

Can I use a VA loan if I only served in the National Guard?

Accepted Answer

Yes, if you completed six years of service. You need a Certificate of Eligibility from the VA showing your qualifying service period.

Question 2

Does FHA mortgage insurance ever cancel like conventional PMI?

Accepted Answer

No. FHA mortgage insurance stays for the loan's full term unless you refinance to conventional or VA later.

Question 3

Which loan closes faster in Hawthorne—FHA or VA?

Accepted Answer

FHA typically closes 3 to 5 days faster. VA appraisals require extra inspections that extend timelines slightly.

Question 4

Can I use FHA or VA for a multi-unit property in Hawthorne?

Accepted Answer

Both allow up to four units if you occupy one. VA still requires zero down. FHA needs 3.5% on all unit types.

Question 5

Do Hawthorne sellers prefer FHA or VA offers?

Accepted Answer

Sellers prefer VA when appraisals come in at value. VA's property condition requirements can scare some sellers, but strong offers overcome this.

FHA vs VA Loans in Hawthorne: Which Government-Backed Mortgage Wins?