Question 1

Can I use a VA loan in Cupertino with no down payment?

Accepted Answer

Yes. VA loans allow zero down with no loan limit if you have full entitlement. That matters a lot in Santa Clara County's high-price market.

Question 2

Does FHA or VA have better rates?

Accepted Answer

VA rates are typically lower than FHA rates. Rates vary by borrower profile and market conditions — your credit score and lender choice both matter.

Question 3

What credit score do I need for each loan?

Accepted Answer

Most lenders require 620 for VA. FHA allows 580 with 3.5% down, or 500 with 10% down.

Question 4

Do both loans have mortgage insurance?

Accepted Answer

FHA requires mortgage insurance on every loan. VA has no monthly mortgage insurance — veterans pay a one-time funding fee instead.

Question 5

Can surviving spouses use a VA loan in Cupertino?

Accepted Answer

Yes, eligible surviving spouses of veterans can qualify for VA loans. They must meet VA's specific eligibility criteria to receive benefits.

Question 6

Which loan is easier to get approved for?

Accepted Answer

FHA is more accessible — no military service required and lower credit thresholds. VA is easier in other ways, with no down payment and no MI hurdle.

FHA vs VA Loans in Cupertino, CA