Question 1

Can I use a VA loan to buy a vacation home in St. Helena?

Accepted Answer

No. VA loans require owner occupancy. They're for your primary residence only.

Question 2

Does VA have loan limits in Napa County?

Accepted Answer

Veterans with full VA entitlement face no loan limits. First-time users or those with prior VA loans may have limits apply.

Question 3

What credit score do I need for a conventional loan?

Accepted Answer

Most lenders require a 620 minimum. Better rates kick in at 740 and above.

Question 4

What is the VA funding fee?

Accepted Answer

It's a one-time fee paid at closing, typically between 1.25% and 3.3% of the loan. Some veterans are exempt.

Question 5

Which loan has lower monthly payments?

Accepted Answer

VA loans often win — no PMI and lower rates reduce your monthly cost. Exact payments depend on your specific loan terms.

Question 6

Can I have both a VA loan and a conventional loan at the same time?

Accepted Answer

Yes, with conditions. It depends on your remaining VA entitlement and how the second loan is structured.

Conventional vs VA Loans in St. Helena, CA