Question 1

Can I use a VA loan to buy an investment property in La Habra?

Accepted Answer

No. VA loans require owner occupancy. You must intend to live in the property as your primary residence.

Question 2

Do VA loans have higher rates than conventional?

Accepted Answer

Usually the opposite. VA loans typically carry lower rates than conventional. Rates vary by borrower profile and market conditions.

Question 3

What credit score do I need for a conventional loan?

Accepted Answer

Most lenders require at least 620. Better scores get better rates — 740+ puts you in the top pricing tier.

Question 4

Is the VA funding fee required for all veterans?

Accepted Answer

Some veterans with service-connected disabilities are exempt from the funding fee. Check your VA eligibility documentation to confirm your status.

Question 5

Which loan closes faster in Orange County?

Accepted Answer

Conventional loans often close faster. VA loans require a VA appraisal, which can add time depending on appraiser availability in the area.

Conventional vs VA Loans in La Habra, CA