Question 1

Can I use both FHA and VA on the same purchase?

Accepted Answer

No. You pick one program per loan. If you're VA eligible, it almost always makes more financial sense to go that route.

Question 2

Does VA eligibility expire?

Accepted Answer

No. Once you've earned VA eligibility, it doesn't expire. You can also reuse it after paying off a prior VA loan.

Question 3

Which loan has a higher credit score requirement?

Accepted Answer

Neither program sets a hard minimum by law. But most lenders require 580 for FHA and 580-620 for VA in practice.

Question 4

Is the VA funding fee always required?

Accepted Answer

No. Veterans with a service-connected disability rating are exempt from the VA funding fee entirely.

Question 5

Which loan is easier to get approved for in Nevada City?

Accepted Answer

VA approval depends on eligibility and a VA appraisal. FHA is open to anyone who meets credit and income guidelines.

Question 6

Do both loans work for Nevada County home prices?

Accepted Answer

Yes. Nevada County loan limits apply to both programs. Check current limits with us — as of April 2026, limits may affect higher-priced properties.

FHA vs VA Loans in Nevada City, CA