Question 1

Can I use a VA loan to buy in Sausalito?

Accepted Answer

Yes. VA loans have no geographic restrictions in California. Sausalito properties that meet VA appraisal standards qualify.

Question 2

Is there a loan limit on VA loans in Marin County?

Accepted Answer

VA eliminated loan limits for eligible borrowers with full entitlement. You can borrow what the lender approves based on your income and credit.

Question 3

Do conventional loans require a larger down payment than VA?

Accepted Answer

Conventional loans can go as low as 3% down. VA requires zero. But conventional borrowers below 20% pay monthly PMI — VA borrowers don't.

Question 4

Which loan has lower monthly payments in Sausalito?

Accepted Answer

VA loans typically win on monthly cost. No PMI and lower rates combine to reduce your payment. Rates vary by borrower profile and market conditions.

Question 5

What is the VA funding fee?

Accepted Answer

It's a one-time fee charged at closing on VA loans. It can be rolled into your loan balance and varies based on down payment and service history.

Question 6

Can I switch from conventional to VA after closing?

Accepted Answer

No, but eligible veterans can refinance into a VA loan later using a VA cash-out refinance. Talk to us about whether that pencils out for your situation.

Conventional vs VA Loans in Sausalito: Which Fits You?