Question 1

Can I use a VA loan to buy a home in Montebello?

Accepted Answer

Yes, VA loans work for primary residences anywhere in LA County including Montebello. You must occupy the home within 60 days of closing.

Question 2

How much does the VA funding fee cost?

Accepted Answer

First-time VA users pay 2.15% of the loan amount with zero down. That's $12,900 on a $600,000 loan, typically rolled into the mortgage.

Question 3

Do I need perfect credit for a conventional loan in Montebello?

Accepted Answer

No, 620 credit qualifies you for most conventional programs. Higher scores around 740+ unlock better rates and lower costs.

Question 4

Which loan type closes faster?

Accepted Answer

Both take 30-45 days typically. VA loans sometimes add a week for the VA appraisal, but experienced lenders keep timelines similar.

Question 5

Can I avoid PMI on a conventional loan with less than 20% down?

Accepted Answer

Not on standard conventional loans. You can explore lender-paid PMI or piggyback loans, but those come with trade-offs in rate or structure.

Conventional vs VA Loans in Montebello: Which Works Best for Your Home Purchase?