Question 1

Can I use both FHA and VA loans in Watsonville?

Accepted Answer

Not on the same purchase. But VA-eligible buyers can choose either. Most of the time, VA pencils out better.

Question 2

Does VA have a loan limit in Santa Cruz County?

Accepted Answer

VA removed standard loan limits for full-entitlement borrowers. Lender overlays may still apply — ask us.

Question 3

Which loan has lower mortgage insurance costs?

Accepted Answer

VA wins — it has no monthly mortgage insurance at all. FHA charges MIP upfront and monthly.

Question 4

What credit score do I need for each loan?

Accepted Answer

FHA allows as low as 500 with 10% down. VA lenders typically want 620, though the VA itself sets no minimum.

Question 5

How long does it take to close FHA vs VA in California?

Accepted Answer

Both typically close in 30-45 days. VA loans require a VA appraisal, which can add a few days in busy markets.

FHA vs VA Loans in Watsonville: Which One Wins for You?