Question 1

Can I use both FHA and VA loans?

Accepted Answer

Not on the same purchase. You pick one. If you're VA-eligible, we'll almost always recommend starting there.

Question 2

Does VA really require zero down in Riverbank?

Accepted Answer

Yes, for full VA entitlement. Most first-time VA buyers in Stanislaus County qualify for 100% financing.

Question 3

Is FHA mortgage insurance permanent?

Accepted Answer

On most FHA loans, yes. If you put down less than 10%, MIP stays for the life of the loan. Refinancing later is often the only exit.

Question 4

Which loan has a higher credit score requirement?

Accepted Answer

VA has no official minimum, but most lenders want 620. FHA allows 580 with 3.5% down.

Question 5

Do VA appraisals cause problems in Riverbank?

Accepted Answer

They can. VA appraisers hold properties to minimum property requirements. Older Riverbank homes sometimes require repairs before closing.

Question 6

What is the VA funding fee?

Accepted Answer

It's a one-time fee paid at closing — or rolled into the loan. Some veterans with service-connected disabilities are exempt entirely.

FHA vs VA Loans in Riverbank, CA