Question 1

Can I use a VA loan more than once?

Accepted Answer

Yes. VA entitlement can be restored after you pay off a prior VA loan. Some veterans carry two VA loans at the same time.

Question 2

Do VA loans take longer to close than conventional?

Accepted Answer

They used to. Today the timelines are similar. A VA appraisal is required, but most close in 30 days with a prepared buyer.

Question 3

Is conventional or VA better for a fixer-upper?

Accepted Answer

VA has minimum property condition requirements. If the home needs major work, conventional may be easier to use without repair conditions.

Question 4

What credit score do I need for each loan?

Accepted Answer

Most VA lenders want 580–620. Conventional starts at 620, but 740+ gets you the best rates and terms.

Question 5

Does VA cover Susanville home prices?

Accepted Answer

VA loan limits were removed in 2020 for borrowers with full entitlement. There's no cap tied to Lassen County prices.

Question 6

Which loan has lower monthly payments?

Accepted Answer

VA usually wins. No PMI and competitive rates keep payments lower. Run both scenarios — the difference can be significant.

Conventional vs VA Loans in Susanville, CA