Question 1

Can I use a VA loan in Galt, CA?

Accepted Answer

Yes. VA loans work statewide including Sacramento County. You need a valid Certificate of Eligibility and the property must be your primary residence.

Question 2

Do VA loans have higher rates than conventional?

Accepted Answer

VA rates are often competitive with or lower than conventional rates. Rates vary by borrower profile and market conditions.

Question 3

What is the VA funding fee?

Accepted Answer

It's a one-time fee the VA charges on most loans. You can roll it into the loan amount. Disabled veterans are usually exempt.

Question 4

Which loan has lower monthly payments?

Accepted Answer

VA often wins because there's no PMI. Conventional beats VA if you put 20% down and avoid PMI entirely. Run both scenarios.

Question 5

Can I have both a VA and conventional loan at once?

Accepted Answer

Yes, in some cases. Conventional can finance a second or investment property while your VA loan covers your primary home.

Question 6

What credit score do I need for each loan?

Accepted Answer

Conventional typically requires 620. VA has no official minimum, but most lenders want at least 580 to 620 in practice.

Conventional vs VA Loans in Galt, CA