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in Benicia, CA
Benicia sits in Solano County — close to military bases and commuter corridors. Both FHA and VA loans are strong options here, depending on your service history.
FHA is open to almost any buyer. VA is exclusive to veterans and service members — but when you qualify, it's hard to beat.
FHA loans require just 3.5% down with a 580 credit score. Drop to 500-579 and you'll need 10% down — but you can still get approved.
Every FHA loan carries mortgage insurance. You pay an upfront premium plus a monthly charge. That cost doesn't disappear after 20% equity.
VA loans require zero down payment. No monthly mortgage insurance either. For eligible borrowers, that combination is difficult to match.
You'll pay a one-time VA funding fee upfront. Disabled veterans are exempt. That fee replaces what FHA borrowers pay every month for years.
The biggest gap is mortgage insurance. VA has none. FHA has it permanently. Over a 30-year loan, that monthly cost adds up to tens of thousands.
VA rates also tend to run lower than FHA rates. Lenders take less risk on VA loans. That savings shows up in your monthly payment from day one. Rates vary by borrower profile and market conditions.
If you served, use your VA benefit. Zero down, no mortgage insurance, and lower rates make it the stronger loan in almost every scenario.
If you didn't serve or don't have entitlement, FHA is a solid path — especially if your credit isn't perfect or your savings are limited.
Yes. Active-duty service members qualify with a valid Certificate of Eligibility. Solano County's proximity to bases makes this common.
VA rates typically run lower. Lenders carry less default risk on VA loans. Rates vary by borrower profile and market conditions.
FHA requires 580 for 3.5% down, or 500 with 10% down. VA has no official minimum, but most lenders want at least 620.
Not if you have full entitlement. Borrowers with remaining entitlement may face county-based limits. Ask us to check your COE.
No. FHA requires mortgage insurance for the life of the loan if you put less than 10% down. VA has no monthly mortgage insurance.
Both are comparable in speed. VA appraisals can take slightly longer. A strong lender relationship makes the real difference.