Question 1

Can a veteran use a conventional loan instead of VA?

Accepted Answer

Yes. Some veterans prefer conventional to avoid the funding fee or buy a second home. Run both scenarios before deciding.

Question 2

Is there a VA loan limit in Alameda County?

Accepted Answer

Veterans with full entitlement have no VA loan limit. Reduced entitlement borrowers may face county-based caps.

Question 3

Does VA require a home inspection?

Accepted Answer

VA requires an appraisal with minimum property requirements. A separate inspection is strongly recommended but not mandatory.

Question 4

Which loan closes faster in San Leandro?

Accepted Answer

Conventional loans typically close faster. VA loans add an appraisal step with stricter property standards that can slow the process.

Question 5

Can I use a VA loan for a condo in San Leandro?

Accepted Answer

Yes, but the condo complex must be VA-approved. Not all Alameda County complexes qualify — check the VA condo approval list first.

Question 6

What credit score do I need for each loan?

Accepted Answer

Conventional typically requires 620 or higher. VA has no official minimum, but most lenders want at least 580-620.

Conventional vs VA Loans in San Leandro, CA