Question 1

Can I use VA and FHA loans in Burlingame?

Accepted Answer

Yes, both programs work throughout San Mateo County. Loan limits are high enough to cover most Burlingame properties, though luxury homes may exceed VA and FHA caps.

Question 2

Which loan has lower monthly payments?

Accepted Answer

VA loans typically cost less monthly because they eliminate mortgage insurance. FHA adds insurance premiums that increase your payment by several hundred dollars.

Question 3

Do VA loans have stricter property requirements?

Accepted Answer

Both programs require properties to meet safety and habitability standards. VA appraisals can be slightly more detailed, but most Burlingame homes pass both inspections.

Question 4

Can I refinance from FHA to VA later?

Accepted Answer

Yes, if you gain military eligibility after buying with FHA. Many veterans start with FHA before realizing they qualify for VA refinancing.

Question 5

Which loan closes faster in competitive markets?

Accepted Answer

Both take similar timeframes, usually 30-45 days. Sellers sometimes prefer VA because they know the buyer has zero down payment approval already secured.

FHA vs VA Loans in Burlingame: Which Government Program Fits Your Home Purchase?