Question 1

Can I use a VA loan if I've never served in the military?

Accepted Answer

No. VA loans require active duty service, veteran status, or surviving spouse eligibility. You'll need discharge papers to verify. FHA has no service requirement.

Question 2

Which loan is cheaper over time?

Accepted Answer

VA costs less long-term because it has no monthly insurance. FHA's permanent insurance adds $150-300 monthly, which outweighs VA's higher upfront fee after 2-3 years.

Question 3

Do VA loans take longer to close?

Accepted Answer

Sometimes. VA appraisals can delay closing if the property needs repairs the appraiser flags. FHA typically closes in 30-40 days, VA often needs 35-45 days.

Question 4

Can I put money down on a VA loan to avoid the funding fee?

Accepted Answer

Putting 5% or more down reduces the VA funding fee. But most eligible borrowers skip the down payment to keep cash for reserves and home improvements.

Question 5

Which program has better rates in Seaside?

Accepted Answer

VA rates run 0.25-0.50% lower than FHA as of February 2026. Rates vary by borrower profile and market conditions. We compare both when you qualify for VA.

FHA vs VA Loans in Seaside: Which Government-Backed Option Wins?