Question 1

Can I use a VA loan in Tiburon with no down payment?

Accepted Answer

Yes, if you have full VA entitlement and qualify. Tiburon's price range is high, so confirm your entitlement covers the purchase price.

Question 2

Does FHA have a loan limit in Marin County?

Accepted Answer

Yes. Marin County is a high-cost area, so FHA limits are higher than the national baseline — but there is still a cap.

Question 3

Which loan has lower monthly payments, FHA or VA?

Accepted Answer

VA typically wins. No mortgage insurance means a lower monthly payment, assuming similar loan amounts and rates. Rates vary by borrower profile and market conditions.

Question 4

What credit score do I need for an FHA loan?

Accepted Answer

580 gets you 3.5% down. Below 580, you'll need 10% down — and many lenders won't go below 620 in practice.

Question 5

Does the VA loan have any upfront costs?

Accepted Answer

Yes, a VA funding fee is due at closing. First-time VA users pay less than repeat users. The fee can be rolled into the loan.

Question 6

Which loan is harder to get approved for in a high-value area?

Accepted Answer

Both have limits, but VA is generally more flexible on debt-to-income ratios. FHA is stricter about appraisal conditions on older or distressed homes.

FHA vs VA Loans in Tiburon: Which One Works for You?