Question 1

Can I use a VA loan to buy in Belvedere?

Accepted Answer

Yes. VA loans have no geographic restriction. High-cost counties like Marin may allow higher VA loan limits for eligible borrowers.

Question 2

Does VA have a loan limit in Marin County?

Accepted Answer

Veterans with full entitlement have no VA loan limit. Those with partial entitlement may face county-level caps.

Question 3

Which loan has a lower interest rate?

Accepted Answer

VA rates typically come in below conventional rates. The difference varies by lender and borrower profile. Rates vary by borrower profile and market conditions.

Question 4

What is the VA funding fee?

Accepted Answer

It is a one-time fee paid at closing, not monthly. The amount depends on your down payment and whether you have used VA before.

Question 5

Can I avoid PMI on a conventional loan?

Accepted Answer

Yes. Put down 20% or more and lenders will not require private mortgage insurance. You can also request removal once you reach 20% equity.

Question 6

Do sellers in Belvedere accept VA offers?

Accepted Answer

Most do. VA appraisal requirements are sometimes a concern, but a strong offer with pre-approval helps. We coach clients on this.

Conventional vs VA Loans in Belvedere, CA