Question 1

Can I use both FHA and VA loans?

Accepted Answer

Not on the same property. You pick one. VA-eligible borrowers rarely benefit from choosing FHA instead.

Question 2

Does VA require a down payment in Porterville?

Accepted Answer

No. VA loans offer 100% financing with no down payment required. Rates vary by borrower profile and market conditions.

Question 3

What credit score does FHA require?

Accepted Answer

580 for 3.5% down. Some lenders approve scores down to 500 with 10% down — but not all lenders go that low.

Question 4

Do VA loans have loan limits in Tulare County?

Accepted Answer

Veterans with full entitlement have no VA loan limit. Borrowers with reduced entitlement may face county-level limits.

Question 5

Which loan closes faster in Porterville?

Accepted Answer

Both have similar timelines. VA appraisals can take longer due to stricter Minimum Property Requirements.

Question 6

Is the VA funding fee worth paying?

Accepted Answer

For most borrowers, yes. Skipping mortgage insurance saves far more over time than the one-time funding fee costs.

FHA vs VA Loans in Porterville, CA