Question 1

Can I use a VA loan on a $2 million Tiburon home?

Accepted Answer

Yes, but you'll need $308,625 down. VA requires 25% of the amount exceeding $832,750, which is the conforming limit for zero down.

Question 2

Which loan type closes faster in Tiburon?

Accepted Answer

Conventional typically closes in 21-25 days. VA adds 5-7 days for appraisal requirements and funding fee calculations.

Question 3

Do Tiburon sellers prefer Conventional over VA offers?

Accepted Answer

Luxury sellers often do because VA appraisals can be strict on property condition. Put down 10%+ with VA to strengthen your offer competitiveness.

Question 4

What credit score do I need for each loan type?

Accepted Answer

VA approves at 580-620 with most lenders. Conventional jumbo for Tiburon prices needs 700 minimum, 740+ for best rates.

Question 5

Can I avoid the VA funding fee in California?

Accepted Answer

Yes if you receive VA disability compensation. Otherwise the fee is 2.15% for first-time use, 3.3% for subsequent use, rolled into your loan.

Question 6

Which loan saves more money long-term?

Accepted Answer

VA saves $200-500 monthly by eliminating PMI on purchases under $766K. Above that amount, Conventional often costs less overall due to lower down payment requirements.

Conventional vs VA Loans in Tiburon: Which Financing Fits Your Waterfront Home