Question 1

Can veterans use conventional loans instead of VA?

Accepted Answer

Yes, but you'd give up zero down and no PMI benefits. Most veterans lose money choosing conventional over VA financing.

Question 2

Does VA or conventional close faster in Cerritos?

Accepted Answer

Both close in 21-30 days with competent lenders. VA's reputation for slow processing is outdated with experienced VA brokers.

Question 3

Which loan type do Cerritos sellers prefer?

Accepted Answer

Sellers prefer conventional because fewer buyers qualify for VA. Strong VA pre-approvals compete equally in practice.

Question 4

Can I switch from conventional to VA after starting?

Accepted Answer

Yes, before closing. Expect to restart underwriting and delay your closing date by 2-3 weeks minimum.

Question 5

Do both loans work for Cerritos condos?

Accepted Answer

Yes, if the complex is VA-approved for VA loans. Conventional financing works on any warrantable condo project.

Conventional vs VA Loans in Cerritos: Which Path Gets You Home Faster?