Question 1

Can I use a VA loan in San Francisco County?

Accepted Answer

Yes. VA loan limits were removed for full-entitlement borrowers in 2020. You can borrow what you qualify for with zero down in SF County.

Question 2

Does FHA or VA have lower rates in SF?

Accepted Answer

VA rates typically run lower than FHA rates. Rates vary by borrower profile and market conditions — get quotes for both if you're eligible.

Question 3

What is the VA funding fee?

Accepted Answer

It's a one-time fee charged instead of monthly mortgage insurance. Most borrowers can roll it into the loan amount.

Question 4

Does FHA mortgage insurance ever go away?

Accepted Answer

On loans with less than 10% down, FHA MIP lasts the full loan term. Putting 10% down allows cancellation after 11 years.

Question 5

Which loan is easier to qualify for?

Accepted Answer

FHA is more flexible on credit scores. VA has no published minimum score, but most lenders require at least 580-620 to approve.

Question 6

Can I use both FHA and VA loans?

Accepted Answer

Not on the same property. But VA-eligible borrowers who own an FHA home can later use VA entitlement on a new purchase.

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