Question 1

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

Accepted Answer

No. You pick one loan per purchase. VA is almost always the better call if you're eligible.

Question 2

Do VA loans have loan limits in San Bernardino County?

Accepted Answer

Not if you have full VA entitlement. Borrowers with full entitlement can go above conforming limits with no down payment.

Question 3

Which loan is faster to close in Chino?

Accepted Answer

FHA and VA close in similar timeframes. VA appraisals can occasionally add days if the property has condition issues.

Question 4

Is the VA funding fee always required?

Accepted Answer

No. Veterans with a service-connected disability rating are exempt. Check your status before assuming you owe it.

Question 5

Can I refinance an FHA loan into a VA loan later?

Accepted Answer

Yes, if you gain VA eligibility. SRK CAPITAL can run the numbers on whether a switch makes sense for your situation.

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