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in Exeter, CA
Exeter is a small Central Valley town with affordable prices. That makes both FHA and VA loans worth a serious look.
These are two of the strongest government-backed programs available. But they serve very different borrowers.
FHA loans require just 3.5% down with a 580 credit score. Drop to 500 and you need 10% down.
The catch is mortgage insurance. FHA charges an upfront fee plus a monthly premium — for the life of the loan in most cases.
VA loans require zero down payment for eligible veterans and active-duty service members. No monthly mortgage insurance either.
There is a VA funding fee — a one-time upfront cost. But it can be rolled into the loan, and some veterans are exempt.
Local decision guide
Use this comparison to weigh FHA Loans and VA Loans through local payment fit, eligibility, documentation, and timing before choosing a path in Exeter.
Exeter is a small Central Valley town with affordable prices. That makes both FHA and VA loans worth a serious look.
These are two of the strongest government-backed programs available. But they serve very different borrowers.
FHA loans require just 3.5% down with a 580 credit score. Drop to 500 and you need 10% down.
The biggest gap is eligibility. VA loans are only for veterans, active-duty members, and qualifying surviving spouses.
FHA carries ongoing mortgage insurance that adds to your monthly payment. VA eliminates that cost entirely — a real advantage in Exeter's payment-sensitive market.
If you served, use your VA benefit. Zero down and no mortgage insurance is hard to beat at any price point.
If you don't have VA eligibility, FHA is your next best move — especially with a credit score under 680 or limited savings.
Yes, VA loans work anywhere in California including Tulare County. You must meet military service requirements to qualify.
VA rates are typically lower than FHA rates. Rates vary by borrower profile and market conditions.
No — you pick one loan program per purchase. VA is almost always the better choice if you qualify.
Veterans with full entitlement have no VA loan limit. Reduced entitlement borrowers may face county limits.
Both have similar timelines. VA appraisals can take slightly longer due to stricter property condition standards.
FHA allows scores as low as 500 with 10% down. Most VA lenders set a minimum around 580 to 620.