Question 1

Can I use VA and FHA loans in Saratoga's price range?

Accepted Answer

VA loan limits don't cap purchase price, though down payments apply above $766,550. FHA maxes at $766,550 in Santa Clara County as of 2026.

Question 2

Which program gets better rates?

Accepted Answer

VA typically prices 0.125% to 0.25% lower than FHA. Rates vary by borrower profile and market conditions.

Question 3

Do both programs allow investment properties?

Accepted Answer

No. Both FHA and VA require owner occupancy. You must live in the home as your primary residence.

Question 4

Can sellers refuse VA or FHA offers?

Accepted Answer

Yes. Sellers can reject any offer. VA and FHA appraisals include property condition requirements that some sellers avoid.

Question 5

Which has faster closing times?

Accepted Answer

Timeline differences are minimal. Both take 30 to 45 days with competent lenders and clean files.

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