Question 1

Can I use a VA loan more than once in San Jacinto?

Accepted Answer

Yes. VA entitlement can be restored after you sell and pay off a prior VA loan. Some veterans carry two VA loans at once.

Question 2

Does VA require a home inspection?

Accepted Answer

VA requires an appraisal with minimum property standards. A separate home inspection is always smart but not mandated.

Question 3

Which loan closes faster — conventional or VA?

Accepted Answer

Conventional can close faster. VA adds a VA appraisal step that sometimes takes longer. Plan for 30-45 days either way.

Question 4

Does conventional or VA allow lower credit scores?

Accepted Answer

VA is more flexible. Most lenders approve VA borrowers at 580-620. Conventional typically requires 620 at minimum.

Question 5

Is PMI permanent on a conventional loan?

Accepted Answer

No. PMI drops off once you hit 20% equity. You can request cancellation or refinance to remove it sooner.

Question 6

Who pays the VA funding fee?

Accepted Answer

The borrower pays it, but it's usually rolled into the loan balance. Disabled veterans are often exempt from the fee.

Conventional vs VA Loans in San Jacinto, CA