Question 1

Can I use VA or FHA loans for Industry's commercial properties?

Accepted Answer

No. Both programs require owner-occupied residential use only. Industry's warehouse and industrial spaces don't qualify under either program.

Question 2

Which loan closes faster in Industry?

Accepted Answer

Similar timelines—both take 30-45 days typically. VA appraisals sometimes add 5-7 days in markets with few VA-approved appraisers.

Question 3

Do sellers in Industry prefer FHA over VA?

Accepted Answer

Most sellers treat them equally. Both require property meet condition standards. VA's zero down sometimes concerns sellers worried about buyer commitment.

Question 4

Can I remove FHA mortgage insurance later?

Accepted Answer

Only if you put 10%+ down initially—then it drops after 11 years. Otherwise you'll pay it until you refinance or sell.

Question 5

What credit score do I need for each?

Accepted Answer

FHA goes as low as 580 with 3.5% down. VA lenders typically want 620+ though the program itself has no minimum.

FHA vs VA Loans in Industry, CA: Which Government-Backed Option Wins?