Question 1

Can I use a VA loan in Novato with zero down?

Accepted Answer

Yes. Eligible veterans can buy in Novato with no down payment. VA loans have no loan limit for full entitlement borrowers.

Question 2

Do VA loans have mortgage insurance?

Accepted Answer

No PMI on VA loans — ever. You pay a one-time funding fee instead, which is often rolled into the loan balance.

Question 3

What credit score do I need for a conventional loan?

Accepted Answer

Most lenders want at least 620. Better rates start at 740 and above.

Question 4

Can I use a VA loan to buy a rental property in Marin?

Accepted Answer

No. VA loans require the property to be your primary residence. Use conventional financing for rentals.

Question 5

Which loan has lower rates — conventional or VA?

Accepted Answer

VA rates typically run lower. Rates vary by borrower profile and market conditions, so always compare both.

Question 6

Can I have both a VA loan and a conventional loan at once?

Accepted Answer

Yes, in some cases. Remaining VA entitlement and conventional qualifying income both factor in. Ask us to run the numbers.

Conventional vs VA Loans in Novato, CA