Question 1

Can I use a VA loan to buy in Union City?

Accepted Answer

Yes. VA loans work for primary residences in Alameda County. Confirm your Certificate of Eligibility first.

Question 2

Do VA loans have loan limits in Alameda County?

Accepted Answer

Eligible borrowers with full entitlement have no VA loan limit. Reduced entitlement borrowers may face caps.

Question 3

Is PMI required on conventional loans?

Accepted Answer

Only if you put down less than 20%. Hit 20% equity and you can request cancellation.

Question 4

Which loan has the lower interest rate?

Accepted Answer

VA loans typically carry lower rates than conventional. Rates vary by borrower profile and market conditions.

Question 5

What credit score do I need for each loan?

Accepted Answer

Most conventional lenders require 620+. VA has no official minimum, but most lenders want at least 580–620.

Question 6

Can I have both a VA loan and a conventional loan?

Accepted Answer

Yes, under certain conditions. Remaining VA entitlement determines how much you can borrow without a down payment.

Conventional vs VA Loans in Union City, CA