Question 1

Can I use both FHA and VA loans in San Diego?

Accepted Answer

You can only use one per purchase. If you're VA-eligible, most brokers will steer you there — the terms are stronger.

Question 2

Does VA have loan limits in San Diego County?

Accepted Answer

For borrowers with full VA entitlement, there are no loan limits. Reduced entitlement may apply if you have an existing VA loan.

Question 3

Which loan has lower monthly payments?

Accepted Answer

VA typically wins. No monthly mortgage insurance and lower rates usually mean a smaller payment than FHA. Rates vary by borrower profile and market conditions.

Question 4

How hard is VA loan approval in San Diego?

Accepted Answer

VA lenders require a Certificate of Eligibility and a VA appraisal. Most active-duty buyers at San Diego's bases qualify without major hurdles.

Question 5

What credit score do I need for each loan?

Accepted Answer

FHA accepts 580 with 3.5% down. VA has no official minimum, but most lenders want 620 or better in practice.

Question 6

Is the VA funding fee worth it compared to FHA mortgage insurance?

Accepted Answer

Almost always yes. FHA MIP adds up month after month for the life of the loan. The VA funding fee is paid once.

FHA vs VA Loans in San Diego: Which One Wins for You?