Question 1

Can I get a VA loan if I'm not a veteran?

Accepted Answer

No. VA loans require military service. Eligible borrowers include active-duty service members, veterans, and surviving spouses. Your discharge papers prove eligibility.

Question 2

Do I have to pay mortgage insurance on a VA loan?

Accepted Answer

No. VA loans skip mortgage insurance entirely. The VA funding fee (typically 2.3% for first-time users) replaces PMI. That fee rolls into your loan amount.

Question 3

What's the maximum loan amount in Chino Hills for both programs?

Accepted Answer

Both conventional and VA loans reach $832,750 in San Bernardino County for 2026. Neither program is capped below that limit in Chino Hills.

Question 4

Which loan has a lower interest rate in Chino Hills?

Accepted Answer

Conventional loans typically carry a lower rate than VA loans. The difference is usually 0.25% to 0.5%. VA's zero-down benefit often offsets the higher rate.

Question 5

Can I get a conventional loan with no money down?

Accepted Answer

No. Conventional loans require at least 3% down. VA loans are the only option for zero-down financing in Chino Hills.

Conventional vs VA Loans in Chino Hills: Which Fits Your Budget?