Question 1

Can I use both FHA and VA loans?

Accepted Answer

No, not on the same property. You pick one program per loan. If you're VA-eligible, we'll run the numbers on both before you decide.

Question 2

Does VA really require zero down in Santee?

Accepted Answer

Yes, for full VA entitlement there's no down payment requirement. You still pay closing costs, though sellers can cover some of those.

Question 3

Which loan has lower monthly payments?

Accepted Answer

VA almost always wins. No monthly MIP and slightly lower rates mean a smaller payment on the same purchase price.

Question 4

How do I know if I qualify for a VA loan?

Accepted Answer

You'll need a Certificate of Eligibility from the VA. We pull that for you — it takes minutes and tells us your entitlement immediately.

Question 5

Is the FHA loan limit high enough for Santee?

Accepted Answer

San Diego County has elevated FHA loan limits given local home prices. Confirm the current limit with us before ruling FHA out.

Question 6

What credit score do I need for each loan?

Accepted Answer

FHA allows as low as 500 with conditions. VA has no official minimum, but most lenders want at least 580-620 in practice.

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