Question 1

Can I use a VA loan more than once in Loma Linda?

Accepted Answer

Yes. VA entitlement can be restored after you pay off a prior VA loan. Many buyers use it multiple times.

Question 2

Does conventional or VA close faster?

Accepted Answer

Conventional often closes slightly faster. VA requires a VA appraisal, which can add a few days.

Question 3

What credit score do I need for a VA loan?

Accepted Answer

The VA sets no official minimum, but most lenders require at least 620. Some go lower — we shop lenders to find your best fit.

Question 4

Is the VA funding fee worth paying?

Accepted Answer

Usually yes. Skipping PMI saves more over time than the funding fee costs. Run the numbers with your broker.

Question 5

Can I put money down on a VA loan to reduce the funding fee?

Accepted Answer

Yes. Putting 5% down drops the fee to 1.5%. Putting 10% down drops it to 1.25%.

Question 6

Which loan is better for Loma Linda's medical community workers?

Accepted Answer

Non-military medical workers use conventional. Military-affiliated medical staff should check VA eligibility first — it's almost always the stronger loan.

Conventional vs VA Loans in Loma Linda, CA