Question 1

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

Accepted Answer

Yes. VA loans allow zero down for full-entitlement borrowers. No loan limit applies if you have full VA entitlement remaining.

Question 2

Do VA loans have higher rates than conventional?

Accepted Answer

No — VA rates are typically lower 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 620 minimum. Scores above 740 get the best pricing on conventional loans.

Question 4

Is the VA funding fee worth paying vs conventional PMI?

Accepted Answer

Usually yes. The funding fee is one-time and financeable. PMI is monthly until you hit 20% equity.

Question 5

Can I use both loans if I've used VA before?

Accepted Answer

You can reuse VA entitlement after paying off a prior VA loan. Conventional is always available regardless of prior VA use.

Question 6

Which loan closes faster in Sacramento County?

Accepted Answer

VA requires a VA appraisal, which can add a few days. Both loans typically close in 21–30 days with a prepared borrower.

Conventional vs VA Loans in Elk Grove, CA