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in San Juan Bautista, CA
San Juan Bautista buyers have two strong loan options. The right choice depends on your military status, credit profile, and how much cash you have saved.
HousingWire flagged the 30-year fixed hitting 6.57% with applications dropping sharply. That rate gap between conventional and VA loans matters more than ever right now.
Conventional loans aren't backed by the government. Lenders set their own risk standards, so your credit score and down payment drive your rate.
Put down 20% and you skip private mortgage insurance entirely. That's a real monthly savings most buyers don't think about upfront.
VA loans are for eligible veterans, active-duty service members, and surviving spouses. No down payment required and no monthly mortgage insurance.
The VA funding fee applies upfront — but disabled veterans are exempt. Rates on VA loans typically run below conventional market rates.
Local decision guide
Use this comparison to weigh Conventional Loans and VA Loans through local payment fit, eligibility, documentation, and timing before choosing a path in San Juan Bautista.
San Juan Bautista buyers have two strong loan options. The right choice depends on your military status, credit profile, and how much cash you have saved.
HousingWire flagged the 30-year fixed hitting 6.57% with applications dropping sharply. That rate gap between conventional and VA loans matters more than ever right now.
Conventional loans aren't backed by the government. Lenders set their own risk standards, so your credit score and down payment drive your rate.
The biggest split is eligibility. VA loans are locked to military borrowers. Conventional loans are open to anyone who qualifies financially.
VA loans carry no monthly insurance cost. Conventional loans under 20% down require PMI, which adds cost every month until you hit 20% equity.
If you served and you're buying a primary home in San Juan Bautista, the VA loan wins almost every time. Lower rate, no down payment, no PMI.
If you're a civilian buyer or purchasing a rental property, conventional is your path. Strong credit gets you a competitive rate with flexible property options.
Yes, if you meet VA eligibility requirements. San Benito County properties qualify as long as the home meets VA minimum property standards.
No. VA rates typically run lower than conventional rates. Rates vary by borrower profile and market conditions.
Most lenders want at least 620. Higher scores get better rates — 740+ puts you in the top pricing tiers.
Usually yes. The funding fee is a one-time cost. You save on monthly PMI for the life of the loan.
Yes, in some cases. Remaining VA entitlement determines your VA borrowing capacity alongside any existing loans.
Conventional loans often close faster. VA loans require a VA appraisal, which adds a step to the timeline.