Question 1

Can I use a VA loan on any Fairfax home?

Accepted Answer

Only primary residences qualify for VA loans. The property must meet VA health and safety standards, which can be stricter than conventional appraisals in older homes.

Question 2

How much down payment do I need for conventional in Fairfax?

Accepted Answer

Minimum 3% down for primary residences with good credit. You'll pay PMI until reaching 20% equity. Higher down payments get better rates.

Question 3

Does VA or conventional close faster?

Accepted Answer

Conventional typically closes faster — 21-30 days versus 30-45 for VA. VA appraisals take longer and may require repair negotiations that extend timelines.

Question 4

What credit score do I need for each loan type?

Accepted Answer

Conventional requires 620 minimum, with better pricing at 680+. VA lenders accept 580-620 depending on the lender and your overall profile.

Question 5

Can I avoid PMI on a conventional loan?

Accepted Answer

Put down 20% or more to skip PMI entirely. Some lenders offer lender-paid PMI with a higher rate, but that rarely beats standard PMI long-term.

Question 6

Do VA loans work for Marin County prices?

Accepted Answer

Yes. VA loan limits are high enough to cover most Fairfax homes. Veterans buying above the limit can make a down payment on the excess amount.

Conventional vs VA Loans in Fairfax: Which Mortgage Wins for Marin County Buyers?