Question 1

Can I use a VA loan to buy in Larkspur?

Accepted Answer

Yes, if you meet VA eligibility. Marin County has no VA loan limit for borrowers with full entitlement.

Question 2

Do VA loans require a down payment in Marin County?

Accepted Answer

No. Eligible borrowers with full entitlement can purchase with zero down, regardless of the purchase price.

Question 3

Which loan has lower rates — VA or conventional?

Accepted Answer

VA rates typically run below conventional rates. Rates vary by borrower profile and market conditions.

Question 4

What is the VA funding fee?

Accepted Answer

It's a one-time fee paid to the VA at closing. The amount depends on your down payment and prior VA loan use.

Question 5

Is PMI required on conventional loans in Larkspur?

Accepted Answer

Yes, if you put less than 20% down. PMI drops off once you reach 20% equity in the home.

Question 6

Can a veteran use a conventional loan instead of VA?

Accepted Answer

Absolutely. Some veterans prefer conventional to preserve VA entitlement or avoid the funding fee.

Conventional vs VA Loans in Larkspur, CA