Question 1

Can I use a VA loan on homes above $800,000 in Agoura Hills?

Accepted Answer

Yes, but you'll need 25% of the amount above $832,750 as a down payment. Many Agoura Hills homes fall under this limit anyway.

Question 2

Does VA loan funding fee cost more than conventional PMI?

Accepted Answer

No. The 2.15% fee adds to your loan balance but saves $150+ monthly compared to PMI on low-down conventional loans.

Question 3

Will sellers in Agoura Hills accept VA offers?

Accepted Answer

Most do. VA appraisals are stricter, but zero down payment makes your offer cleaner than FHA with its required repairs.

Question 4

Can I remove PMI from a conventional loan early?

Accepted Answer

Yes, once you reach 20% equity through payments or appreciation. You'll need a new appraisal and to request removal from your lender.

Question 5

Which loan closes faster in Agoura Hills?

Accepted Answer

Conventional typically closes 2-3 days faster. VA appraisals take slightly longer, but the difference rarely affects your timeline.

Conventional vs VA Loans in Agoura Hills: Which Path Saves You More?