Question 1

Can I use a VA loan more than once in Lemoore?

Accepted Answer

Yes. VA entitlement can be restored after a prior VA loan is paid off. Many NAS Lemoore service members use VA benefits on multiple purchases.

Question 2

What is the VA funding fee?

Accepted Answer

It is a one-time fee paid to the VA, typically 1.25–3.3% of the loan amount. Veterans with a service-connected disability rating are exempt.

Question 3

Do conventional loans have loan limits?

Accepted Answer

Conforming conventional loans have county loan limits. Kings County limits apply here. Loans above that threshold become jumbo loans with stricter terms.

Question 4

Which loan closes faster in Lemoore?

Accepted Answer

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

Question 5

Can I buy a duplex with a VA loan?

Accepted Answer

Yes, up to a 4-unit property — as long as you live in one unit. Conventional loans also allow multi-unit purchases with different down payment requirements.

Question 6

What credit score do I need for a VA loan?

Accepted Answer

The VA sets no official minimum, but most lenders require at least 580–620. Stronger credit still gets better rates even on VA loans.

Conventional vs VA Loans in Lemoore, CA