Question 1

Can I use a VA loan in San Juan Bautista?

Accepted Answer

Yes, if you meet VA eligibility requirements. San Benito County properties qualify as long as the home meets VA minimum property standards.

Question 2

Do VA loans have higher rates than conventional?

Accepted Answer

No. VA rates typically run lower than conventional rates. Rates vary by borrower profile and market conditions.

Question 3

What credit score do I need for a conventional loan?

Accepted Answer

Most lenders want at least 620. Higher scores get better rates — 740+ puts you in the top pricing tiers.

Question 4

Is the VA funding fee worth paying?

Accepted Answer

Usually yes. The funding fee is a one-time cost. You save on monthly PMI for the life of the loan.

Question 5

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

Accepted Answer

Yes, in some cases. Remaining VA entitlement determines your VA borrowing capacity alongside any existing loans.

Question 6

Which loan closes faster in San Benito County?

Accepted Answer

Conventional loans often close faster. VA loans require a VA appraisal, which adds a step to the timeline.

Conventional vs VA Loans in San Juan Bautista