Question 1

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

Accepted Answer

Yes. Eligible veterans can buy in Hollister with zero down. No down payment requirement is one of VA's biggest advantages.

Question 2

Does FHA require mortgage insurance in California?

Accepted Answer

Yes, FHA charges monthly mortgage insurance regardless of your down payment. It stays for the life of the loan.

Question 3

Which loan has a lower credit score requirement?

Accepted Answer

FHA accepts scores as low as 580. VA has no official minimum, but most lenders want at least 620.

Question 4

Can a surviving spouse use a VA loan in Hollister?

Accepted Answer

Yes. Qualifying surviving spouses of veterans are eligible for VA loans. Contact us to confirm your eligibility status.

Question 5

Which loan is cheaper long-term, FHA or VA?

Accepted Answer

VA typically costs less over time. No monthly mortgage insurance means thousands saved across a 30-year loan.

FHA vs VA Loans in Hollister, CA