Question 1

Can I use a VA loan in El Cajon with bad credit?

Accepted Answer

VA has no official minimum, but most lenders want at least a 580-620. Your full credit profile matters as much as the score.

Question 2

Does FHA or VA have better rates in San Diego County?

Accepted Answer

VA rates typically come in lower. Rates vary by borrower profile and market conditions, so get quotes for both if you're eligible.

Question 3

What is the VA funding fee?

Accepted Answer

It's a one-time fee paid at closing, usually rolled into the loan. Disabled veterans are often exempt from paying it.

Question 4

Can I get an FHA loan and a VA loan at the same time?

Accepted Answer

Generally no — these are primary residence loans. You can have remaining VA entitlement while carrying an FHA loan in some cases.

Question 5

Which loan closes faster in El Cajon?

Accepted Answer

Both require appraisals and standard underwriting. VA appraisals can take longer in high-demand markets, so plan ahead.

Question 6

Is FHA mortgage insurance permanent?

Accepted Answer

On most FHA loans today, yes — it stays for the life of the loan. That's a key reason eligible buyers should use VA instead.

FHA vs VA Loans in El Cajon: Which One Wins for You?