Question 1

Can I use a VA loan on La Cañada Flintridge's pricier homes?

Accepted Answer

Yes, but you'll need 25% down on amounts above $766,550. A $1 million home requires $58,363 down, still far less than conventional's $200,000.

Question 2

Does VA or conventional close faster in this market?

Accepted Answer

Both close in 25-35 days typically. VA appraisals sometimes take longer, but experienced lenders manage timelines equally well for either loan type.

Question 3

Which loan type gets better interest rates?

Accepted Answer

VA rates run 0.25-0.5% lower on average. Rates vary by borrower profile and market conditions, but VA pricing generally wins.

Question 4

Can I avoid the VA funding fee?

Accepted Answer

Veterans with service-connected disabilities are exempt. Otherwise, the fee applies but finances into your loan rather than requiring cash upfront.

Question 5

Do sellers in La Cañada Flintridge prefer conventional over VA?

Accepted Answer

Some prefer conventional, wrongly assuming VA is slower. Strong pre-approval and quick close timelines make either loan equally competitive in offers.

Conventional vs VA Loans in La Cañada Flintridge: Which Works for Your Home Purchase?