Question 1

Can I use a VA loan in Apple Valley?

Accepted Answer

Yes, VA loans are available throughout San Bernardino County. You need a valid Certificate of Eligibility and sufficient entitlement.

Question 2

Does FHA require mortgage insurance forever?

Accepted Answer

On most FHA loans with less than 10% down, mortgage insurance stays for the life of the loan. Putting 10% or more down removes it after 11 years.

Question 3

Which loan has lower monthly payments?

Accepted Answer

VA typically produces lower monthly payments because there's no mortgage insurance premium. Rates vary by borrower profile and market conditions.

Question 4

What credit score do I need for a VA loan?

Accepted Answer

The VA doesn't set a minimum, but most lenders want at least 580-620. Stronger credit still gets you better rates.

Question 5

Can a non-veteran use a VA loan?

Accepted Answer

No. VA loans are strictly for eligible veterans, active-duty members, and qualifying surviving spouses. FHA is the alternative for everyone else.

Question 6

Are both loans available on homes in Apple Valley?

Accepted Answer

Yes. Both FHA and VA loans work for primary residences in Apple Valley. The home must meet minimum property condition standards for either program.

FHA vs VA Loans in Apple Valley, CA