Question 1

Can I use a VA loan to buy a condo in Roseville?

Accepted Answer

Yes, but the condo complex must be VA-approved. FHA has its own approved list too — they don't always overlap.

Question 2

Do VA loans take longer to close than FHA?

Accepted Answer

Not significantly. Both close in 21-30 days with a prepared borrower. The appraisal process differs slightly.

Question 3

What if I have a low credit score — FHA or VA?

Accepted Answer

FHA accepts 580 for 3.5% down. VA has no official minimum, but most lenders want 580-620. Both beat conventional.

Question 4

Is the VA funding fee always required?

Accepted Answer

No. Veterans with a service-connected disability rating typically get the funding fee waived entirely.

Question 5

Can I use both FHA and VA loans at the same time?

Accepted Answer

Not on the same property. You can only have one primary residence loan at a time through these programs.

Question 6

Which loan has higher limits in Placer County?

Accepted Answer

VA has no loan limit for borrowers with full entitlement. FHA limits are capped by county. VA wins here.

FHA vs VA Loans in Roseville, CA: Which One Wins for You?