Question 1

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

Accepted Answer

Yes. Active-duty service members and veterans with qualifying service can use VA loans anywhere in California. Travis AFB proximity doesn't change eligibility.

Question 2

Does FHA or VA have better rates?

Accepted Answer

VA loans typically carry lower rates than FHA. Rates vary by borrower profile and market conditions.

Question 3

Do VA loans have mortgage insurance?

Accepted Answer

No. VA loans have no monthly mortgage insurance. You pay a one-time funding fee instead, which can be rolled into the loan.

Question 4

What credit score do I need for FHA in Vacaville?

Accepted Answer

580 gets you the 3.5% down option. Scores between 500-579 require 10% down. VA has no published minimum but most lenders want 580+.

Question 5

What is the VA funding fee?

Accepted Answer

It's a one-time fee paid to the VA at closing. The amount varies by loan size, down payment, and usage. Disabled veterans are exempt.

Question 6

Can surviving spouses use VA loans?

Accepted Answer

Yes. Surviving spouses of service members who died in the line of duty or from a service-related condition may be eligible for VA loans.

FHA vs VA Loans in Vacaville, CA