Question 1

Can I use a VA loan to buy in Perris?

Accepted Answer

Yes. VA loans work anywhere in California with no county loan limits for eligible borrowers. Perris is fully covered.

Question 2

Do VA loans take longer to close than conventional?

Accepted Answer

Sometimes. VA appraisals can add a few days. A good broker minimizes the gap with the right lender.

Question 3

What credit score do I need for each loan?

Accepted Answer

Most lenders want 620 for conventional. VA has no official minimum, but most lenders set a floor around 580-620.

Question 4

Is the VA funding fee worth paying?

Accepted Answer

Usually yes. No down payment and no PMI saves most veterans more over time than the funding fee costs.

Question 5

Can I use conventional if I have VA eligibility?

Accepted Answer

Absolutely. Some borrowers choose conventional to avoid the VA appraisal process or preserve VA entitlement for another property.

Question 6

Which loan is better for a Perris investment property?

Accepted Answer

Conventional. VA loans require owner occupancy — you must live in the home you're buying with VA financing.

Conventional vs VA Loans in Perris, CA