FHA vs. VA Loans: Which Is Better for Veterans in 2026?
Compare FHA and VA loans side by side for veterans in Virginia, Maryland & DC.
Frequently Asked Questions
Is a VA loan better than an FHA loan?
For eligible veterans, a VA loan is almost always better. VA loans require zero down payment and have no monthly mortgage insurance, while FHA requires 3.5% down plus monthly mortgage insurance for the life of the loan. On a $400,000 loan, VA saves roughly $200-$300/month in mortgage insurance alone.
Can I have both an FHA and VA loan?
You cannot use both programs simultaneously for the same property. However, you can have a VA loan on one home and an FHA loan on another, as long as you occupy each property as your primary residence at the time of purchase. If you are eligible for both, choose VA first — it is the more affordable option.
Is the VA funding fee waived for disabled veterans?
Yes. Veterans who receive VA disability compensation are completely exempt from the VA funding fee. This can save tens of thousands of dollars at closing. If you think you may qualify for disability benefits, apply before buying a home to maximize your savings.
Related Programs
- FHA Loans — 3.5% down payment, credit scores from 580, ideal for first-time home buyers
- VA Loans — Zero down payment for veterans, active-duty military, and surviving spouses
- Conventional Loans — Fannie Mae and Freddie Mac, financing up to 97%, credit from 620
- Jumbo Loans — For properties exceeding 2026 conforming loan limits ($832,750 most counties)
- Non-QM Loans — Bank statement loans for self-employed, 1099 income, DSCR, and ITIN loans