Question 1

Can I use a VA loan in Fairfield near Travis AFB?

Accepted Answer

Yes. Fairfield is a common area for VA purchases given Travis AFB proximity. VA loan limits in Solano County follow standard conforming guidelines.

Question 2

Does VA or FHA have better rates in Solano County?

Accepted Answer

VA rates typically run lower than FHA rates. Rates vary by borrower profile and market conditions — we shop both across 200+ lenders.

Question 3

Can I have both FHA and VA eligibility?

Accepted Answer

You can qualify for both. If you have VA entitlement, we'll compare both programs to see which saves you more money.

Question 4

Does FHA require mortgage insurance forever?

Accepted Answer

On most FHA loans originated with less than 10% down, MIP lasts the full loan term. Putting 10%+ down cuts it to 11 years.

Question 5

What's the VA funding fee for a first-time buyer?

Accepted Answer

First-time VA buyers with no down payment pay a 2.15% funding fee. It rolls into the loan. Disabled veterans are typically exempt.

Question 6

Which loan closes faster — FHA or VA?

Accepted Answer

Both follow similar timelines. VA appraisals can take slightly longer in some markets. A strong lender makes more difference than the loan type.

FHA vs VA Loans in Fairfield, CA: Which One Wins for You?