Question 1

Can I use a VA loan to buy in Campbell?

Accepted Answer

Yes, if you have qualifying military service and a Certificate of Eligibility. VA loans work for single-family homes throughout Santa Clara County.

Question 2

Does FHA have loan limits in Santa Clara County?

Accepted Answer

Yes. FHA sets county-level loan limits. Santa Clara County has high-cost limits, which helps in a market like Campbell.

Question 3

Which loan has lower monthly payments?

Accepted Answer

VA usually wins. No mortgage insurance means a lower monthly payment compared to FHA, even at a similar rate.

Question 4

Can I use both FHA and VA on the same home?

Accepted Answer

No. You can only use one loan program per purchase. Choose based on eligibility and long-term cost.

Question 5

What credit score do I need for each loan?

Accepted Answer

FHA requires 580 for 3.5% down. Most VA lenders want 620, though VA itself sets no official minimum.

Question 6

Which loan is faster to close in Campbell?

Accepted Answer

Both can close in 30 days with a prepared borrower. VA appraisals can run slower — plan accordingly.

FHA vs VA Loans in Campbell, CA