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in Fairfax, CA
Fairfax sits in one of California's priciest counties. Your loan choice here matters more than in most markets.
FHA and VA loans both carry government backing. But they serve very different borrowers with different requirements.
FHA loans require as little as 3.5% down with a 580 credit score. Drop to 500 and you need 10% down.
The catch is mortgage insurance. You pay it upfront and monthly — for the life of the loan in most cases.
VA loans offer zero down payment for eligible veterans, active-duty members, and surviving spouses.
No monthly mortgage insurance. That alone saves hundreds per month on a Marin County purchase.
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 Fairfax.
Fairfax sits in one of California's priciest counties. Your loan choice here matters more than in most markets.
FHA and VA loans both carry government backing. But they serve very different borrowers with different requirements.
FHA loans require as little as 3.5% down with a 580 credit score. Drop to 500 and you need 10% down.
VA loans win on cost — no mortgage insurance and lower rates. FHA charges both an upfront and monthly premium.
Eligibility is the dividing line. VA is only for those with qualifying military service. FHA is open to everyone.
Rates vary by borrower profile and market conditions — but VA borrowers consistently see better pricing than FHA borrowers at similar credit scores.
If you served, use your VA benefit. It almost always costs less — especially on Fairfax price points.
If you haven't served, FHA gives you the lowest barrier to entry. A 580 score and 3.5% down gets you in.
First-time buyers without military ties who have limited savings should lean FHA. Veterans should almost never choose FHA over VA.
Yes, if you have qualifying military service. VA loans work in any California city, including Fairfax.
Veterans with full entitlement have no VA loan limit. Reduced entitlement borrowers may face county-based caps.
VA has none. FHA charges an upfront premium plus monthly mortgage insurance — often for the full loan term.
580 gets you 3.5% down. Scores between 500-579 require 10% down. Below 500, FHA won't work.
No, but you can refinance into a VA loan later if you gain eligibility. Talk to us before you close.
Both have similar timelines. VA requires a VA appraisal, which can add a few days in competitive markets.