Question 1

Can I use a VA loan more than once?

Accepted Answer

Yes. VA entitlement can be restored after selling a home or paying off a prior VA loan. You can also have two VA loans at once in some cases.

Question 2

Does VA require a higher credit score than conventional?

Accepted Answer

No. VA has no official minimum credit score. Individual lenders set their own floors, often at 580-620.

Question 3

Can I buy a rental property with a VA loan in Holtville?

Accepted Answer

No. VA loans require owner occupancy. You must live in the home as your primary residence.

Question 4

What is the VA funding fee?

Accepted Answer

It's a one-time fee paid to the VA, typically 1.25%–3.3% of the loan. It replaces monthly mortgage insurance and can be financed into the loan.

Question 5

Which loan is easier to qualify for?

Accepted Answer

VA is generally more flexible on credit and requires no down payment. Conventional demands stronger credit and more cash upfront.

Conventional vs VA Loans in Holtville, CA