Question 1

Can I use a VA loan to buy in Hillsborough?

Accepted Answer

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.

Question 2

Does FHA require mortgage insurance forever?

Accepted Answer

On most FHA loans today, mortgage insurance stays for the life of the loan. The only way out is refinancing into a conventional loan.

Question 3

Which loan has a lower interest rate, FHA or VA?

Accepted Answer

VA loans typically carry lower rates than FHA. Rates vary by borrower profile and market conditions, so compare both with a broker.

Question 4

What credit score do I need for each loan?

Accepted Answer

FHA allows scores as low as 580 for 3.5% down. VA has no official minimum, but most lenders require at least a 620.

Question 5

Can I use both FHA and VA in the same purchase?

Accepted Answer

No. You choose one loan type per transaction. If you qualify for VA, you should almost always run that comparison first.

Question 6

Does SRK CAPITAL offer both FHA and VA loans?

Accepted Answer

Yes. SRK CAPITAL works with 200+ wholesale lenders and shops both programs to find the strongest terms for your situation.

FHA vs VA Loans in Hillsborough, CA