Question 1

Can I use a VA loan in Crescent City with no down payment?

Accepted Answer

Yes. Eligible veterans and active-duty service members can buy with zero down. There's no loan limit if you have full VA entitlement.

Question 2

Do VA loans have mortgage insurance?

Accepted Answer

No PMI ever on VA loans. You pay an upfront funding fee instead, which can be rolled into your loan balance.

Question 3

What credit score do I need for a conventional loan?

Accepted Answer

Most lenders want at least 620. Better scores get better rates — 740 and above puts you in the top pricing tier.

Question 4

Can a veteran use a conventional loan instead of VA?

Accepted Answer

Yes. Some vets choose conventional for investment properties or second homes. We run both options to find the better deal.

Question 5

Which loan closes faster in Del Norte County?

Accepted Answer

Conventional loans often close faster. VA loans require a VA appraisal, which can add a few days to the timeline.

Question 6

Is the VA funding fee always required?

Accepted Answer

Veterans with a service-connected disability rating are exempt from the funding fee. Ask us before assuming it applies.

Conventional vs VA Loans in Crescent City, CA