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in Hillsborough, CA
Hillsborough sits in one of California's most expensive zip codes. Both FHA and VA loans offer government backing — but they serve very different borrowers.
FHA is open to almost anyone. VA is exclusively for veterans and active-duty service members. Knowing which fits your situation saves time and money.
FHA loans require as little as 3.5% down with a 580 credit score. Drop below 580 and you'll need 10% down — but approval is still possible.
Every FHA loan carries mortgage insurance. You pay an upfront premium plus a monthly charge. That cost adds up over time.
VA loans require zero down payment and no private mortgage insurance. For eligible borrowers, that's a significant cost advantage.
You'll pay a VA funding fee upfront — but it can be financed into the loan. Some veterans with service-connected disabilities are exempt.
VA wins on cost for eligible borrowers. No down payment and no mortgage insurance beats FHA's monthly premiums every time.
FHA has no eligibility restrictions. Any buyer who meets credit and income requirements can apply. VA demands military service history.
If you served — use your VA benefit. In a market like Hillsborough, eliminating mortgage insurance and the down payment is real money.
If you're a civilian buyer with solid credit and some savings, FHA gives you a path in. Just model the mortgage insurance cost before you commit.
Yes, if you meet VA eligibility requirements. San Mateo County loan limits apply, and Hillsborough home prices are high — confirm your entitlement covers the purchase price.
On most FHA loans today, mortgage insurance stays for the life of the loan. The only way out is refinancing into a conventional loan.
VA loans typically carry lower rates than FHA. Rates vary by borrower profile and market conditions, so compare both with a broker.
FHA allows scores as low as 580 for 3.5% down. VA has no official minimum, but most lenders require at least a 620.
No. You choose one loan type per transaction. If you qualify for VA, you should almost always run that comparison first.
Yes. SRK CAPITAL works with 200+ wholesale lenders and shops both programs to find the strongest terms for your situation.