Question 1

Can I use a VA loan in Irvine with no down payment?

Accepted Answer

Yes. VA loans have no loan limit for eligible borrowers with full entitlement. You can buy in Irvine with zero down.

Question 2

Do VA loans have mortgage insurance?

Accepted Answer

No monthly PMI. There is a one-time funding fee, but it can be rolled into the loan amount.

Question 3

What credit score do I need for a conventional loan?

Accepted Answer

Most lenders require at least 620. Better rates kick in around 740 and above.

Question 4

Can I use a conventional loan to buy a rental property in Irvine?

Accepted Answer

Yes. Conventional loans allow investment properties. VA loans are restricted to primary residences only.

Question 5

Which loan has lower rates, conventional or VA?

Accepted Answer

VA loans typically carry lower rates. Rates vary by borrower profile and market conditions.

Question 6

How does SRK CAPITAL help me choose between these two?

Accepted Answer

We run your scenario across 200+ wholesale lenders and show you real numbers on both options side by side.

Conventional vs VA Loans in Irvine, CA